The European Agricultural Machinery Price Index indicates varying price changes across countries in 2024, with Cyprus at the top, experiencing a significant rise with a forecasted value increase to 16.11 from a previous 16.79 in 2022. Poland, Lithuania, and Romania also show significant increases, reflecting robust agricultural machinery market dynamics. In contrast, countries like Denmark and Croatia show minimal changes, indicating stagnant market conditions. The Compound Annual Growth Rate (CAGR) suggests that countries with higher 2023 indices, like Cyprus and Poland, have witnessed more pronounced increases over the past five years.
Future trends to watch for include:
- The potential impact of economic fluctuations on machinery prices.
- Technological advancements and their influence on price adjustments.
- Environmental policies possibly affecting the cost and demand for machinery.
- Continued market growth in Eastern European countries versus stagnation in Western Europe.
Top countries in Agricultural Machinery Price Index for Agriculture by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Cyprus | 161.14 | 2022 | +32.88% | +16.79% | View data |
| 2 | 2 Poland | 147.91 | 2022 | +19.77% | +10.44% | View data |
| 3 | 3 Romania | 146.81 | 2022 | +28.06% | +7.92% | View data |
| 4 | 4 Lithuania | 145.42 | 2022 | +18.93% | +15.75% | View data |
| 5 | 5 Sweden | 142.2 | 2022 | +15.7% | +7.8% | View data |
| 6 | 6 Belgium | 138.27 | 2022 | +21.05% | +7.49% | View data |
| 7 | 7 Slovenia | 134.66 | 2022 | +14.09% | +6.86% | View data |
| 8 | 8 Hungary | 132.6 | 2022 | +11.34% | +7.11% | View data |
| 9 | 9 Malta | 128.96 | 2022 | +13.57% | +6.93% | View data |
| 10 | 10 Slovakia | 126.9 | 2022 | +18.56% | +8.45% | View data |
