The European Farm Machinery Real Price Index reflects significant disparities among countries. As of 2024, Hungary, Cyprus, and Lithuania lead the index, showing strong price emotions. Countries like Sweden, Finland, and Poland also exhibit positive growth. In contrast, Romania, Croatia, and Estonia demonstrate negative trends, with notable declines since 2022. Over the past five years, the compound annual growth rate (CAGR) highlighted varying performances, with Hungary notably strong, whereas Denmark displayed a declining trend.
Future trends to watch for include:
- The role of technological advancements and automation in agricultural practices, potentially impacting machinery demand.
- Economic policies and subsidies across different European regions which might alter the price index dynamics.
- Environmental concerns and regulations leading to shifts in machinery types and efficiency expectations.
- Global supply chain issues and their influence on machinery availability and pricing.
Top countries in Farm Machinery Real Price Index for Agriculture by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 158.87 | 2022 | +18.72% | +15.8% | View data |
| 2 | 2 Cyprus | 157.7 | 2022 | +30.81% | +16.55% | View data |
| 3 | 3 Lithuania | 137.53 | 2022 | +53.51% | +15.26% | View data |
| 4 | 4 Sweden | 118.81 | 2022 | +7.69% | +4.2% | View data |
| 5 | 5 Finland | 112.34 | 2022 | +6.91% | +3.05% | View data |
| 6 | 6 Poland | 112.04 | 2022 | +5.7% | +2.94% | View data |
| 7 | 7 Belgium | 111.28 | 2022 | +9.39% | +2.43% | View data |
| 8 | 8 Ireland | 110.82 | 2022 | +4.51% | +2.65% | View data |
| 9 | 9 Slovenia | 105.65 | 2022 | +7.54% | +2.4% | View data |
| 10 | 10 Greece | 104.1 | 2022 | +0.51% | +1.38% | View data |
