In 2023, Hungary led the European Plant, Tillage, and Seeding Machinery Real Price Index for Agriculture with a value of 15.887. Cyprus and Poland followed, with values of 14.614 and 11.916, respectively. Year-on-year from 2022, most countries experienced low to moderate percentage increases, with Hungary showing the most significant rise. Lithuania, Denmark, and Malta showed declines. Overall, the compound annual growth rate over the past five years varied, indicating diverse growth dynamics across countries.
Future trends to watch include technological advancements in agricultural machinery, sustainability initiatives, and economic stability that could impact price indices and demand across the region. Monitoring these factors will provide insights into market direction and potential investment opportunities.
Top countries in Plant, Tillage and Seeding Machinery Real Price Index for Agriculture by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 158.87 | 2022 | +18.72% | +15.8% | View data |
| 2 | 2 Cyprus | 146.14 | 2022 | +25.58% | +15.05% | View data |
| 3 | 3 Poland | 119.16 | 2022 | +8.72% | +4.17% | View data |
| 4 | 4 Sweden | 118.15 | 2022 | +6.91% | +3.82% | View data |
| 5 | 5 Finland | 112.79 | 2022 | +13.75% | +5.07% | View data |
| 6 | 6 Belgium | 111.28 | 2022 | +9.39% | +2.43% | View data |
| 7 | 7 Greece | 106.74 | 2022 | +1.9% | +1.99% | View data |
| 8 | 8 Romania | 103.7 | 2022 | -7.71% | +1.27% | View data |
| 9 | 9 Lithuania | 103.58 | 2022 | +24.11% | -1.41% | View data |
| 10 | 10 Italy | 102.19 | 2022 | +1.04% | +1.38% | View data |
