The market for harrows, scarifiers, cultivators, weeders, and hoes in Hungary has experienced substantial growth from 2013 to 2023, growing from 31.374 million euros to 61.787 million euros, showcasing an average compound annual growth rate (CAGR) of 3.79% over the last five years. Despite some fluctuations, there has generally been a positive trend, particularly strong growth in years like 2015 and 2018. The year 2023 saw a year-on-year increase of 4.93%, indicating solid market performance.
Future trends to watch include technological advancements in agricultural machinery, increasing demand for sustainable farming practices, and potential shifts in policy or subsidies that could influence market dynamics. These factors are likely to continue driving growth in this sector.
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 295,310,000 | 2023 | +1.18% | +3.54% | View data |
| 2 | 2 United Kingdom | 71,423,000 | 2023 | -0.12% | -1.54% | View data |
| 3 | 3 Hungary | 61,787,000 | 2023 | +4.93% | +3.79% | |
| 4 | 4 Spain | 50,767,000 | 2023 | +1.94% | +1.44% | View data |
| 5 | 5 Poland | 39,418,000 | 2023 | -3.31% | -3.91% | View data |
