In 2023, the European Plant, Tillage, and Seeding Machinery Price Index for Agriculture varied notably across countries. Lithuania, Hungary, and Cyprus showed the highest year-on-year increases in value, indicating significant market adjustments. Conversely, Southern European countries like Portugal and Croatia experienced minimal changes, suggesting market stability or saturation. Emerging markets such as Romania and Malta showed low growth, which may imply economic or demand limitations. Over the last two years, trends exhibit moderate variation with some economies rapidly growing, while others demonstrate sluggish momentum.
Future trends to watch include technological advancements impacting machinery costs, sustainability trends driving demand shifts, and economic policies influencing market prices. Monitoring Eastern European market trends presents opportunities, focusing on sectors poised for rapid growth amidst economic and environmental changes.
Top countries in Plant, Tillage and Seeding Machinery Price Index for Agriculture by Country
| # | 10 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Lithuania | 47.5 | 2022 | View data |
| 2 | 2 Hungary | 36.85 | 2022 | View data |
| 3 | 3 Cyprus | 35.75 | 2022 | View data |
| 4 | 4 Poland | 23.09 | 2022 | View data |
| 5 | 5 Finland | 21.91 | 2022 | View data |
| 6 | 6 Belgium | 20.7 | 2022 | View data |
| 7 | 7 Sweden | 15.53 | 2022 | View data |
| 8 | 8 Greece | 11.37 | 2022 | View data |
| 9 | 9 Austria | 10.83 | 2022 | View data |
| 10 | 10 Netherlands | 10.53 | 2022 | View data |
