Report Update: May 1, 2024

Hungary - Ploughs For Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights

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Plough Price in Hungary - 2023

Plough Price in Hungary (CIF) - 2022

The average plough import price stood at $2,205 per unit in 2022, declining by -11.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2021 an increase of 39%. As a result, import price attained the peak level of $2,490 per unit, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($4,429 per unit), while the price for Croatia ($139 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Plough Price in Hungary (FOB) - 2022

In 2022, the average plough export price amounted to $983 per unit, shrinking by -33.9% against the previous year. Overall, the export price showed a slight reduction. The pace of growth was the most pronounced in 2017 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices hit record highs at $1,591 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($2,458 per unit), while the average price for exports to Romania ($406 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 Finland (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plough Imports in Hungary

In 2022, approx. 6.7K units of ploughs for agricultural purposes were imported into Hungary; shrinking by -10.3% compared with the previous year's figure. Over the period under review, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 46%. Over the period under review, imports attained the maximum at 8K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, plough imports dropped significantly to $15M in 2022. Overall, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +3.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 102% against the previous year. As a result, imports attained the peak of $19M, and then dropped significantly in the following year.

Import of Plough in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	6.2	4.0	9.9	7.4	6.1%
France	1.3	1.3	2.7	1.6	7.2%
Netherlands	0.4	0.7	1.5	1.5	55.4%
Czech Republic	0.1	1.1	1.8	1.5	146.6%
Austria	1.2	0.4	0.8	0.8	-12.6%
Poland	0.4	0.2	0.3	0.6	14.5%
Italy	0.6	0.6	1.0	0.5	-5.9%
Romania	2.7	0.4	0.2	0.4	-47.1%
Croatia	N/A	N/A	N/A	N/A	0%
Others	0.4	0.4	0.5	0.4	0.0%
Total	13.3	9.2	18.6	14.8	3.6%

Top Suppliers of Plough to Hungary in 2022:

Germany (2446.0 units)
Poland (747.0 units)
Czech Republic (739.0 units)
Austria (566.0 units)
France (558.0 units)
Italy (469.0 units)
Netherlands (338.0 units)
Croatia (338.0 units)
Romania (283.0 units)

Plough Exports in Hungary

In 2022, the amount of ploughs for agricultural purposes exported from Hungary rose significantly to 13K units, picking up by 12% on 2021. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, plough exports dropped significantly to $12M in 2022. Over the period under review, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. As a result, the exports attained the peak of $17M, and then dropped remarkably in the following year.

Export of Plough in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	4.8	2.2	3.4	3.1	-13.6%
Germany	2.6	3.3	3.4	3.0	4.9%
France	1.6	1.8	2.3	1.1	-11.7%
Russia	1.1	1.2	2.2	0.7	-14.0%
Austria	0.5	0.9	0.8	0.7	11.9%
Croatia	0.5	0.7	0.6	0.5	0.0%
Italy	0.2	0.2	0.3	0.3	14.5%
Bulgaria	0.6	0.2	0.2	0.3	-20.6%
Poland	0.3	0.3	0.7	0.2	-12.6%
Slovakia	0.4	0.2	0.1	0.2	-20.6%
Ukraine	0.6	0.4	0.9	N/A	22.5%
Others	1.8	2.0	1.9	2.2	6.9%
Total	14.9	13.4	16.8	12.5	-5.7%

Top Export Markets for Plough from Hungary in 2022:

Ukraine (undefinedK units)
Romania (7.7K units)
Germany (1.2K units)
Russia (0.5K units)
France (0.4K units)
Austria (0.4K units)
Croatia (0.4K units)
Italy (0.3K units)
Slovakia (0.2K units)
Poland (0.1K units)
Bulgaria (0.1K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plough 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 28303130 -
Prodcom 28303150 -

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023