Hungary - Agricultural Appliances - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAgricultural Appliance Price in Hungary - 2023
Contents:
- Agricultural Appliance Price in Hungary (CIF) - 2023
- Agricultural Appliance Price in Hungary (FOB) - 2022
- Agricultural Appliance Imports in Hungary
- Agricultural Appliance Exports in Hungary
Agricultural Appliance Price in Hungary (CIF) - 2023
In July 2023, the average agricultural appliance import price amounted to $8.0 per unit, increasing by 15% against the previous month. Overall, import price indicated a noticeable increase from July 2022 to July 2023: its price increased at an average monthly rate of +3.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, agricultural appliance import price increased by +35.2% against March 2023 indices. The growth pace was the most rapid in January 2023 when the average import price increased by 55% m-o-m. As a result, import price reached the peak level of $8.3 per unit. From February 2023 to July 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Sweden ($31.9 per unit), while the price for Greece ($3.0 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Agricultural Appliance Price in Hungary (FOB) - 2022
In 2022, the average agricultural appliance export price amounted to $3 per unit, approximately equating the previous year. Over the period under review, the export price, however, saw a perceptible decline. The pace of growth was the most pronounced in 2019 when the average export price increased by 42%. The export price peaked at $5.4 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($6.5 per unit), while the average price for exports to Serbia ($2.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.
Agricultural Appliance Imports in Hungary
For the fourth year in a row, Hungary recorded growth in supplies from abroad of agricultural appliances, which increased by 38% to 16M units in 2022. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 64%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, agricultural appliance imports surged to $45M in 2022. Overall, imports showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 57%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Agricultural Appliance in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 2.8 | 4.5 | 8.1 | 16.7 | 81.4% |
| United States | 2.5 | 2.8 | 6.1 | 9.7 | 57.1% |
| Italy | 1.6 | 1.6 | 4.3 | 4.5 | 41.2% |
| Bulgaria | 0.7 | 0.3 | 2.2 | 2.8 | 58.7% |
| China | 0.4 | 1.8 | 1.9 | 2.1 | 73.8% |
| Spain | 0.7 | 1.1 | 2.1 | 2.1 | 44.2% |
| Romania | N/A | 0.1 | 0.2 | 1.2 | 246.4% |
| France | 3.1 | 1.6 | 1.1 | 0.9 | -33.8% |
| Others | 3.6 | 5.7 | 4.9 | 4.9 | 10.8% |
| Total | 15.3 | 19.7 | 30.8 | 44.8 | 43.1% |
Top Suppliers of Agricultural Appliance to Hungary in 2022:
- Austria (7.8M units)
- United States (2.3M units)
- Italy (1.2M units)
- Bulgaria (1.2M units)
- China (0.9M units)
- Spain (0.9M units)
- Romania (0.3M units)
- France (0.2M units)
Agricultural Appliance Exports in Hungary
Agricultural appliance exports from Hungary soared to 4.4M units in 2022, rising by 154% compared with 2021 figures. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 200%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, agricultural appliance exports soared to $13M in 2022. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Agricultural Appliance in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 0.4 | 2.1 | 4.0 | 11.8 | 209.0% |
| Germany | 0.4 | 0.4 | 0.4 | 0.6 | 14.5% |
| Serbia | 0.3 | 0.1 | 0.1 | 0.3 | 0.0% |
| Slovakia | 0.3 | 0.4 | 0.2 | 0.1 | -30.7% |
| Others | 0.8 | 0.7 | 0.5 | 0.3 | -27.9% |
| Total | 2.1 | 3.7 | 5.2 | 13.2 | 84.6% |
Top Export Markets for Agricultural Appliance from Hungary in 2022:
- Romania (4036.5K units)
- Germany (125.6K units)
- Serbia (111.0K units)
- Slovakia (38.7K units)
This report provides an in-depth analysis of the agricultural appliance market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28306010 - Agricultural or horticultural watering appliances
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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