The European Farm Machinery Price Index for Agriculture shows varied increases across nations. Hungary leads with a value increase to 21.8, followed by Lithuania at 18.92, and Cyprus at 17.37. In 2023, top performers included Hungary and Lithuania with high year-on-year increases of 24.86% and 24.38% respectively. The overall trend points to significant growth in prices with varied national performance. Croatia, with a marginal increase, contrasts sharply with Hungary.
Future trends to watch include:
- Impact of inflation on machinery costs.
- Technology advancements driving efficiency and prices.
- EU agricultural policies influencing market dynamics.
- Supply chain resilience post-pandemic.
Top countries in Farm Machinery Price Index for Agriculture by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 218 | 2022 | +36.85% | +24.86% | View data |
| 2 | 2 Lithuania | 189.2 | 2022 | +82.45% | +24.38% | View data |
| 3 | 3 Cyprus | 173.74 | 2022 | +41.4% | +20.07% | View data |
| 4 | 4 Poland | 144.98 | 2022 | +19.66% | +10.44% | View data |
| 5 | 5 Sweden | 141.85 | 2022 | +16.37% | +8.1% | View data |
| 6 | 6 Belgium | 137.16 | 2022 | +20.7% | +7.12% | View data |
| 7 | 7 Finland | 127.78 | 2022 | +14.59% | +6.31% | View data |
| 8 | 8 Slovakia | 126.9 | 2022 | +18.56% | +8.45% | View data |
| 9 | 9 Netherlands | 126.6 | 2022 | +11.94% | +4.76% | View data |
| 10 | 10 Ireland | 124.12 | 2022 | +12.98% | +6.01% | View data |
