Hungary - Spades And Shovels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSpades and Shovels Price in Hungary - 2023
Contents:
- Spades and Shovels Price in Hungary (CIF) - 2023
- Spades and Shovels Price in Hungary (FOB) - 2022
- Spades and Shovels Imports in Hungary
- Spades and Shovels Exports in Hungary
Spades and Shovels Price in Hungary (CIF) - 2023
In July 2023, the average spades and shovels import price amounted to $7,087 per ton, jumping by 140% against the previous month. Overall, the import price enjoyed a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($12,829 per ton), while the price for Slovakia ($2,506 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Spades and Shovels Price in Hungary (FOB) - 2022
The average spades and shovels export price stood at $3,286 per ton in 2022, dropping by -6.6% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spades and shovels export price decreased by -25.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 121%. As a result, the export price reached the peak level of $6,020 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($15,303 per ton), while the average price for exports to Romania ($1,734 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Spades and Shovels Imports in Hungary
In 2022, approx. 755 tons of spades and shovels were imported into Hungary; remaining stable against 2021. The total import volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. As a result, imports attained the peak of 759 tons, leveling off in the following year.
In value terms, spades and shovels imports soared to $2.6M in 2022. The total import value increased at an average annual rate of +13.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
Import of Spades and Shovels in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 435 | 619 | 586 | 980 | 31.1% |
Germany | 399 | 514 | 436 | 525 | 9.6% |
Netherlands | 3.5 | 131 | 204 | 308 | 344.8% |
Slovenia | 339 | 174 | 218 | 213 | -14.4% |
Mexico | 66.3 | 82.9 | 284 | 117 | 20.8% |
India | 28.9 | 52.4 | 189 | 101 | 51.8% |
Slovakia | 106 | 65.9 | 77.7 | 95.6 | -3.4% |
Others | 383 | 250 | 216 | 214 | -17.6% |
Total | 1,760 | 1,890 | 2,209 | 2,554 | 13.2% |
Top Suppliers of Spades and Shovels to Hungary in 2022:
- China (358.3 tons)
- Germany (127.3 tons)
- Slovakia (65.2 tons)
- Slovenia (54.2 tons)
- India (38.5 tons)
- Netherlands (31.6 tons)
- Mexico (27.3 tons)
Spades and Shovels Exports in Hungary
Spades and shovels exports from Hungary shrank to 120 tons in 2022, waning by -13% compared with the previous year's figure. Overall, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 171%. As a result, the exports attained the peak of 138 tons, and then dropped in the following year.
In value terms, spades and shovels exports reduced dramatically to $396K in 2022. Over the period under review, exports, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2021 with an increase of 162% against the previous year. As a result, the exports reached the peak of $487K, and then dropped notably in the following year.
Export of Spades and Shovels in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Slovakia | 30.2 | 4.3 | 111 | 90.1 | 44.0% |
Austria | 146 | 61.6 | 161 | 84.7 | -16.6% |
Ukraine | 0.2 | 6.4 | N/A | 49.6 | 528.3% |
Germany | 125 | 25.2 | 122 | 48.9 | -26.9% |
Romania | 3.2 | 22.3 | 24.6 | 43.4 | 138.5% |
Serbia | 23.3 | 19.3 | 22.8 | 31.2 | 10.2% |
Croatia | 0.9 | 16.6 | 22.2 | 25.5 | 204.9% |
Others | 16.9 | 29.9 | 22.1 | 22.2 | 9.5% |
Total | 346 | 186 | 487 | 396 | 4.6% |
Top Export Markets for Spades and Shovels from Hungary in 2022:
- Slovakia (33.5 tons)
- Romania (25.0 tons)
- Ukraine (17.9 tons)
- Austria (15.2 tons)
- Croatia (10.7 tons)
- Serbia (7.4 tons)
- Germany (3.2 tons)
This report provides an in-depth analysis of the spades and shovels 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 25731010 - Spades and shovels
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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