Market research

Agricultural and poultry machinery market in Hungary

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

From 2018 to 2021, the market for agricultural and poultry machinery in Hungary expanded from $97.4 million to $155.3 million. This growth was partly driven by state subsidies and EU funds, which encouraged equipment purchases. After the initial impact of the COVID-19 pandemic in 2020 temporarily dampened demand, 2021 saw a revival supported by technological advancements such as precision farming and automated equipment.

Market growth continued into 2022, reaching $174.9 million, bolstered by the EU Common Agricultural Policy reform promoting sustainable and precision agriculture. However, rising machinery prices due to global supply chain disruptions and inflation began to constrain purchasing activity. In 2023 and 2024, the market volume contracted to $157.3 million and $126.5 million respectively, attributed to droughts, low crop prices, the impact of the Russia-Ukraine war, and reduced farmer purchasing power. During this period, new players entered the market, and manufacturers adapted their developments to local needs.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018, 2020-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018, 2020-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Hungary
  1. 5.1.1. In value, 2018, 2020-2024, M $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In value, 2018-2024, M $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production agricultural and poultry machinery in Hungary

In value, 2018-2021, M $ US

In 2021, Hungary's agricultural and poultry machinery output reached 139.6 million US dollars, marking a sharp year-on-year increase of 30.5%. From 2018 to 2021, production grew by 45.3%, which translates to an annualized growth rate of 13.3%.

Annual dynamics of production in Hungary in value, 2018-2021, M $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	30.5%	13.3%

Source: SHEV.io

Exports agricultural and poultry machinery from Hungary

Exports in kind, t

In 2021, Hungary exported 7,582 tonnes of agricultural and poultry machinery, a decrease of 5.4% compared to the previous year. Over the period from 2018 to 2021, exports fell by 36.1%, with a compound annual growth rate of -13.9%. The lowest volume was recorded in 2019 at 6,925 tonnes. The largest decline occurred in 2019, dropping by 41.7%, while the largest increase was in 2020, rising by 15.7%.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(41.7%)	15.7%	(5.4%)	(13.9%)

Source: SHEV.io

From 2018 to 2021, Germany, Ukraine, and the United Kingdom formed the core group of markets for Hungary's agricultural and poultry machinery exports in kind. Germany accounted for 47.0% of exports, Ukraine for 15.0%, and the United Kingdom for 8.0%, together representing 70.0% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Hungary in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Hungary's agricultural and poultry machinery exports in value terms increased for the second consecutive year in 2021, reaching 54,000 thousand US dollars, up 7.0% from the previous year. The lowest value was recorded in 2019 at 45,297 thousand US dollars. The largest decline occurred in 2019, falling by 17.8%, while the largest increase was in 2020, rising by 11.4%.

Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(17.8%)	11.4%	7.0%	(0.7%)

Source: SHEV.io

In the period from 2018 to 2021, Germany, the United Kingdom, and Romania led the structure of Hungary's agricultural and poultry machinery exports in value terms. Germany accounted for 50.4% of exports, the United Kingdom for 7.5%, and Romania for 6.6%, together making up 64.5% of total export flows.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Hungary in value, 2018-2021

Source: SHEV.io

Imports agricultural and poultry machinery to Hungary

Imports in kind, t

In 2021, Hungary imported 10,800 tonnes of agricultural and poultry machinery, a significant increase of 37.7% compared to the previous year. From 2018 to 2021, imports rose by 27.1%, with a compound annual growth rate of 8.3%. The lowest volume was recorded in 2020 at 7,841 tonnes. The largest decline occurred in 2020, dropping by 16.7%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	10.8%	(16.7%)	37.7%	8.3%

Source: SHEV.io

Throughout 2018 to 2021, Germany, China, and Italy were the three largest markets for Hungary's agricultural and poultry machinery imports in kind, together accounting for 55.5% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Hungary in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

In 2021, Hungary imported agricultural and poultry machinery worth 47,255 thousand US dollars, showing a sharp increase of 47.4% over the past year. From 2018 to 2021, imports grew by 23.5%, with a compound annual growth rate of 7.3%. The lowest value was recorded in 2020 at 47,255 thousand US dollars. The largest decline occurred in 2020, falling by 17.5%.

Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	1.6%	(17.5%)	47.4%	7.3%

Source: SHEV.io

Over the period from 2018 to 2021, Germany, China, and the Netherlands were the main directions for Hungary's agricultural and poultry machinery imports in value terms. Germany accounted for 26.7% of imports, China for 13.4%, and the Netherlands for 12.9%, together absorbing 53.0% of total import flows.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Hungary in value, 2018-2021

Source: SHEV.io