Haymaking machinery market in Hungary

Earlier Report Observations

The Hungarian haymaking machinery market reached 7 994 units in 2018, primarily stimulated by EU and other purchase subsidies that encouraged investment in new equipment, especially among larger farms. By 2020, the market volume in physical terms fell to 7 256 units, influenced by the economic downturn and disruptions from the COVID-19 pandemic, though its value rose to 121.5 million US dollars, signaling a shift toward more expensive machinery.

A strong recovery followed in 2022, with market volume surging to 9 716 units (181.7 million US dollars), supported by a rebound in global agricultural machinery trade and the growing adoption of digital and automated solutions. This expansion reversed in 2023 as the market contracted to 7 241 units (179.3 million US dollars), reflecting a broad decline in demand for tractors and combines, despite rising interest in precision farming technologies.

Subsequent years were marked by volatile conditions, including a 49% year‑on‑year drop in machinery sales in the first half of 2024 due to uncertain subsidy frameworks, high inflation, and challenging weather. The market showed a partial revival in 2025, with purchases increasing by 15%, driven by the spread of AI‑based systems, integrated sensors, and other technological innovations, although financing remained costly amid a weak forint and high central bank interest rates.

Production haymaking machinery in Hungary

In value, 2018-2021, M $ US

In Hungary, the output value of haymaking machinery reached 119.3 million US dollars in 2020, remaining essentially unchanged from 2019. Over the period from 2018 to 2020, production increased by 24%, which translates to an annualized growth rate of 7.4%.

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

In kind, 2018-2021, unit

Hungary produced 6,804 units of haymaking machinery in 2020, showing little change compared to 2019. From 2018 to 2020, production decreased by 6.4%, with a compound annual growth rate of -2.2%.

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

Exports haymaking machinery from Hungary

Exports in kind, unit

The market exhibited volatility during the observed period. Hungary exported 235.0 units of haymaking machinery in 2021, marking a significant year-on-year increase of 34.3%. The lowest export volume was recorded in 2019 at 83.0 units. Imports fluctuated substantially, with a 2.8-fold difference between the peak in 2021 and the low in 2019. The largest decline occurred in 2019, falling by 54.6%, while the largest increase was in 2020, rising by 110.8%.

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

From 2018 to 2021, the three largest markets for Hungary's haymaking machinery exports in kind were Romania, Ireland, and the United Kingdom. Together, they accounted for 71.0% of total export 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

The data indicates irregular changes, reflecting a volatile market environment. Hungary's export value of haymaking machinery reached 3,193 thousand US dollars in 2021, representing a dramatic 58.3% increase compared to 2020. The lowest value was recorded in 2019 at 843 thousand US dollars. Export volumes peaked in 2021 and hit their minimum in 2019, showing a 3.8-fold shift. The largest decline occurred in 2019, dropping by 59.6%, while the largest increase was in 2020, surging by 139.3%.

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

Throughout 2018 to 2021, the three largest markets for Hungary's haymaking machinery exports in value terms were Romania, Ireland, and the United Kingdom. Collectively, they made up 70.2% of total export 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 haymaking machinery to Hungary

Imports in kind, unit

After a two-year decrease, foreign supplies of haymaking machinery to Hungary increased in 2021. Imports reached 836.0 units that year, showing a gain of 33.3% compared to 2020. The lowest import volume was recorded in 2020 at 627.0 units. Over the period from 2018 to 2021, imports decreased by 7.6%, with a compound annual growth rate of -2.6%. The largest decline occurred in 2020, falling by 29.7%.

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

From 2018 to 2021, Germany, Italy, and Poland were the largest sources of haymaking machinery imports in kind for Hungary. Germany accounted for 21.6% of imports, Italy for 18.1%, and Poland for 16.4%, together comprising 56.0% of total import flows.

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

Following a two-year reduction, imported volumes of haymaking machinery in Hungary increased in 2021. Hungary imported 6,478 thousand US dollars worth of haymaking machinery that year, up by 56.8% compared to the previous year. The lowest value was recorded in 2020 at 4,131 thousand US dollars. Between 2018 and 2021, imports decreased by 7.4%, equating to an annualized rate of -2.5%. The largest decline occurred in 2019, dropping by 33.4%.

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

In the period from 2018 to 2021, Austria, Germany, and Italy were the principal sources for Hungary's haymaking machinery imports in value terms. Austria accounted for 30.6% of imports, Germany for 27.6%, and Italy for 12.8%, jointly making up 71.0% of total import flows.

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

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