The European Agricultural Machinery Real Price Index shows significant variations across countries. In 2023, Cyprus tops the list with the highest index, indicating increased agricultural machinery costs. Contrarily, countries like Croatia and Estonia display lower indices, suggesting relative affordability. Year-over-year changes highlight Cyprus' considerable increase, while Denmark and Croatia saw declines. Over five years, a mix of stability and fluctuations is evident, with Cyprus experiencing notable growth. Overall, the varied index trends hint at both regional economic differences and diverse agricultural investment strategies.
Future trends for the European Agricultural Machinery Real Price Index will likely include:
- Technological advancement influencing machinery costs
- Impact of sustainability and eco-friendly practices
- Economic policies affecting import/export tariffs
- Changing agricultural subsidies impacting equipment purchase decisions
- Potential exchange rate fluctuations impacting cross-border equipment costs
Top countries in Agricultural Machinery Real Price Index for Agriculture by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Cyprus | 146.26 | 2022 | +22.92% | +13.37% | View data |
| 2 | 2 Sweden | 119.11 | 2022 | +7.08% | +3.92% | View data |
| 3 | 3 Slovenia | 115.15 | 2022 | +4.36% | +3.12% | View data |
| 4 | 4 Poland | 114.3 | 2022 | +5.79% | +2.94% | View data |
| 5 | 5 Romania | 113.75 | 2022 | +14.31% | +1.75% | View data |
| 6 | 6 Malta | 113.43 | 2022 | +7.01% | +4.31% | View data |
| 7 | 7 Belgium | 112.17 | 2022 | +9.69% | +2.79% | View data |
| 8 | 8 Finland | 108.78 | 2022 | +4% | +2.17% | View data |
| 9 | 9 Portugal | 107.29 | 2022 | +2.53% | +2.12% | View data |
| 10 | 10 Ireland | 106.7 | 2022 | +1.01% | +1.04% | View data |
