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Hungary - Lifting Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLifting Equipment Price in Hungary - 2023
Contents:
- Lifting Equipment Price in Hungary (CIF) - 2023
- Lifting Equipment Price in Hungary (FOB) - 2022
- Lifting Equipment Imports in Hungary
- Lifting Equipment Exports in Hungary
Lifting Equipment Price in Hungary (CIF) - 2023
In August 2023, the average lifting equipment import price amounted to $19,339 per unit, with an increase of 31% against the previous month. Over the period under review, the import price, however, showed a deep downturn. The most prominent rate of growth was recorded in February 2023 an increase of 323% m-o-m. As a result, import price attained the peak level of $201K per unit. From March 2023 to August 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($19,421 per unit), while the price for Spain ($5,039 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by South Korea (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Lifting Equipment Price in Hungary (FOB) - 2022
The average lifting equipment export price stood at $87,626 per unit in 2022, jumping by 86% against the previous year. Over the period under review, the export price posted a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($47,848 per unit), while the average price for exports to Switzerland ($286 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.
Lifting Equipment Imports in Hungary
Lifting equipment imports into Hungary soared to 266 units in 2022, rising by 343% compared with the previous year's figure. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 449% against the previous year. As a result, imports reached the peak of 472 units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, lifting equipment imports dropped to $762K in 2022. Over the period under review, imports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2020 when imports increased by 399%. As a result, imports reached the peak of $5.5M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Lifting Equipment in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 578 | 140 | 624 | 70.4 | -50.4% |
China | 91.8 | 0.1 | 8.9 | 8.3 | -55.1% |
Italy | 8.2 | 0.5 | 6.7 | 0.1 | -77.0% |
Others | 415 | 5,312 | 149 | 683 | 18.1% |
Total | 1,093 | 5,453 | 789 | 762 | -11.3% |
Top Suppliers of Lifting Equipment to Hungary in 2022:
- China (243.0 units)
- Germany (13.0 units)
Lifting Equipment Exports in Hungary
In 2022, approx. 14 units of lifting equipment were exported from Hungary; waning by -6.7% against the previous year's figure. Overall, exports faced a sharp curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Over the period under review, the exports hit record highs at 64 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, lifting equipment exports surged to $1.2M in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 92%. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Lifting Equipment in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 287 | 275 | 578 | 937 | 48.3% |
Russia | 8.5 | N/A | N/A | 20.0 | 33.0% |
Belarus | 8.3 | N/A | N/A | 18.1 | 29.7% |
United States | 1.3 | 0.6 | N/A | 6.2 | 68.3% |
Romania | 4.9 | N/A | 1.5 | 5.9 | 6.4% |
Argentina | 3.3 | N/A | N/A | 4.3 | 9.2% |
Others | 906 | 92.3 | 125 | 235 | -36.2% |
Total | 1,219 | 367 | 706 | 1,227 | 0.2% |
Top Export Markets for Lifting Equipment from Hungary in 2022:
- Belarus (8.0 units)
- United States (2.0 units)
- Argentina (2.0 units)
- Romania (1.0 units)
- Russia (1.0 units)
This report provides an in-depth analysis of the lifting equipment market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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