Eastern Europe: Seeder And Planter Market 2024

Seeder And Planter Market Size in Eastern Europe

In 2023, the East European seeder and planter market increased by X% to $X, rising for the third consecutive year after four years of decline. In general, consumption, however, continues to indicate a perceptible curtailment. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Seeder And Planter Production in Eastern Europe

In value terms, seeder and planter production expanded modestly to $X in 2023 estimated in export price. Over the period under review, production recorded a resilient increase. The growth pace was the most rapid in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Seeder And Planter Exports

Exports in Eastern Europe

In 2023, shipments abroad of seeders, planters, transplanters decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of X units. From 2017 to 2023, the growth of the exports failed to regain momentum.

In value terms, seeder and planter exports fell to $X in 2023. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Hungary was the main exporter of seeders, planters, transplanters in Eastern Europe, with the volume of exports amounting to X units, which was near X% of total exports in 2023. It was distantly followed by Belarus (X units), mixing up a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Hungary (with a CAGR of X%).

In value terms, Hungary ($X) remains the largest seeder and planter supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Hungary totaled X%.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2023, dropping by X% against the previous year. Export price indicated a mild expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, seeder and planter export price increased by X% against 2017 indices. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2022, and then shrank slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Hungary ($X per unit), while Belarus amounted to $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hungary (X%).

Seeder And Planter Imports

Imports in Eastern Europe

In 2023, purchases abroad of seeders, planters, transplanters increased by X% to X units for the first time since 2016, thus ending a six-year declining trend. In general, imports, however, showed a sharp downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, seeder and planter imports contracted modestly to $X in 2023. Over the period under review, imports, however, recorded a dramatic curtailment. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Hungary (X units) represented the main importer of seeders, planters, transplanters in Eastern Europe, constituting X% of total import.

Hungary was also the fastest-growing in terms of the seeders, planters, transplanters imports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of Hungary increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hungary ($X) constitutes the largest market for imported seeders, planters, transplanters in Eastern Europe.

In Hungary, seeder and planter imports remained relatively stable over the period from 2012-2023.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2023, remaining constant against the previous year. Import price indicated a measured expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, seeder and planter import price increased by X% against 2017 indices. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2022, and then shrank in the following year.

As there is only one major supplying country, the average price level is determined by prices for Hungary.

From 2012 to 2023, the rate of growth in terms of prices for Hungary amounted to X% per year.

Source: IndexBox Platform