Disc harrows market in Hungary

Earlier Report Observations

The disc harrow market in Hungary experienced a notable contraction in volume from 1 224 units in 2018 to 420 units in 2024. A peak in import activity during 2020 provided temporary support, raising market size to 967 units, but this momentum faded in the following years.

Global supply chain disruptions and a sharp 27% rise in high-strength steel prices between 2022 and 2023 significantly increased production and distribution costs. These cost pressures coincided with a sustained decline in both market volume and value, with the latter falling to $8.1 million by 2024.

The market also saw a broader shift toward more durable materials like boron steel blades, reflecting ongoing modernization trends in agricultural equipment.

Production disc harrows in Hungary

In value, 2018-2021, K $ US

Hungary's disc harrow production has increased for the second consecutive year. In 2021, output was valued at 7 494 thousand US dollars, marking a 9.1% rise compared to the previous year. Production grew by 23% between 2018 and 2021, translating to an annualized growth rate of 7.2%. The lowest value was recorded in 2019 at 5 667 thousand US dollars, which saw the largest decline of 7.0%. In contrast, the largest increase occurred in 2020, with a jump of 21.2%.

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

In kind, 2018-2021, unit

In 2021, Hungary produced 487.0 units of disc harrows, representing a decrease of 7.6% from the previous year. Between 2018 and 2021, production fell by 37.6%, equating to an annualized decline of 14.5%. The lowest output was recorded in 2019 at 472.0 units, which experienced the largest drop of 39.5%. The largest increase was observed in 2020, with an 11.7% rise.

Annual dynamics of production in Hungary in kind, 2018-2021, unit

Exports disc harrows from Hungary

Exports in kind, unit

The market exhibited volatility during the observed period. The lowest export volume was recorded in 2020, while the highest occurred in 2021, resulting in a peak-to-trough ratio of 2.4 times. In 2021, Hungary's cross-border shipments of disc harrows reached 105.0 units, reflecting a sharp increase of 138.6% compared to the previous year. The minimum value was 44.0 units in 2020, and the largest decline was recorded in 2019 at 45.5%.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, unit

From 2018 to 2021, Romania, Serbia, and Ukraine were the leading destinations for Hungary's disc harrow exports in kind. Romania accounted for 34.7% of exports, Serbia for 28.1%, and Ukraine for 21.4%, with their combined share reaching 84.2% of total flows.

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

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

Exports in value, K $ US

After a two-year decline, disc harrow exports from Hungary rebounded. In 2021, exports reached 841 thousand US dollars, reflecting a 49.0% increase year-over-year. However, over the period from 2018 to 2021, exports decreased by 38.2%, with a compound annual growth rate of -14.8%. The lowest value was recorded in 2020 at 564 thousand US dollars, and the largest decline occurred in 2019 at 41.6%.

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

From 2018 to 2021, Romania, Ukraine, and Slovakia were the top destinations for Hungary's disc harrow exports in value terms. Romania contributed 43.8% of exports, Ukraine 25.8%, and Slovakia 15.8%, with their combined share totaling 85.4% of total flows.

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

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

Imports disc harrows to Hungary

Imports in kind, unit

In 2021, Hungary's imports of disc harrows amounted to 461.0 units, indicating a moderate decline of 4.8% year-over-year. Between 2018 and 2021, imports decreased by 13.3%, equating to an annualized rate of 4.7%. The largest decline was recorded in 2019 at 10.3%, while the largest increase occurred in 2020 with a 1.5% rise.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, unit

From 2018 to 2021, Germany, Poland, and Ukraine were the leading suppliers of disc harrows to Hungary in kind. Germany accounted for 34.1% of imports, Poland for 22.6%, and Ukraine for 12.0%, with their combined share reaching 68.8% of total imports.

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

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

Imports in value, K $ US

After a two-year drop, disc harrow imports into Hungary increased. In 2021, imports stood at 11 246 thousand US dollars, up by 14.2% relative to the prior year. The lowest value was recorded in 2020 at 9 845 thousand US dollars, and the largest decline occurred in 2019 at 9.9%.

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

From 2018 to 2021, Germany, Poland, and Czechia made the biggest contributions to Hungary's disc harrow imports in value terms. Germany accounted for 62.9% of imports, while Poland and Czechia each contributed 9.6%, with their combined share totaling 82.1% of total flows.

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

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