Further reduced agricultural machinery

By: STA Date: 2025. 03. 21. 09:00

Hungarian farmers’ desire to procure a machine for years, until the first quarter of 2023, curved up. In recent years, thanks to the calls for tenders and the favorable financing environment at that time, many of the sector actors have made investments planned for 3-5 years. From the second quarter of 2023, however, the recession, the grain market situation, the increased machine prices and the weakening financing options, and the output of applications, made the farmers more cautious. There was also a downturn in the European field commercial trade.

In 2023, typing decreased by 25 percent, and this decline was only slightly compensated by the 6 percent more sales of the purchase of parts. The biggest decrease affected the market for the tractors.

The agricultural machine market continued to shrink in 2024, dropping 32 percent from agricultural machinery compared to the previous year

During the period under review, 67 percent of imports of import and domestic agricultural machinery and equipment for end users were carried out by ten distribution organizations, with 48 percent of the Hungarian largest machine dealers concentrated in the hands of the three largest machine dealers. In 2024, the share of the top ten companies and the three largest companies decreased by 9 and 7 percentage points, respectively, compared to a year earlier.

AKI PÁIR