In 2023, Hungary recorded the highest Plant, Tillage, and Seeding Machinery Price Index for Agriculture at 21.8, indicating a substantial increase from the previous years. Cyprus and Poland followed with values of 16.1 and 15.419 respectively. Notable growth was also observed in Lithuania and Sweden, both demonstrating progressive increases aligning with their economic policies in agriculture. Belgium, Romania, and Finland indicated moderate growth trends, while Austria, Greece, and Italy showed stable, modest increases. Denmark, Malta, and Croatia displayed minimal growth, signaling a potentially saturated or stabilizing market in these regions.
Looking ahead into the forecast for 2024, key trends to observe include:
- Potential growth acceleration in countries like Poland and Lithuania as they expand technological integration in agriculture.
- Stabilization in price indices where growth has been minimal, potentially pointing towards increased market maturity or competitive dynamics.
- Innovations in sustainable and efficient machinery could drive price indices upwards in countries ready to invest in cutting-edge agricultural solutions.
Top countries in Plant, Tillage and Seeding 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 Cyprus | 161 | 2022 | +35.75% | +18.52% | View data |
| 3 | 3 Poland | 154.19 | 2022 | +23.09% | +11.76% | View data |
| 4 | 4 Lithuania | 142.5 | 2022 | +47.5% | +6.39% | View data |
| 5 | 5 Sweden | 141.06 | 2022 | +15.53% | +7.71% | View data |
| 6 | 6 Belgium | 137.16 | 2022 | +20.7% | +7.12% | View data |
| 7 | 7 Romania | 133.83 | 2022 | +3.38% | +7.41% | View data |
| 8 | 8 Finland | 128.29 | 2022 | +21.91% | +8.4% | View data |
| 9 | 9 Netherlands | 124.9 | 2022 | +10.53% | +5.49% | View data |
| 10 | 10 Austria | 121.8 | 2022 | +10.83% | +4.28% | View data |
