Hungary: Market for Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes 2024

Market Size for Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes in Hungary

The Hungarian market for buckets, shovels, grabs and grips for ships’ derricks and cranes surged to $X in 2022, rising by 19% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Production of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes in Hungary

In value terms, ship derrick buckets and shovels production expanded to $X in 2022 estimated in export price. Overall, production saw a abrupt descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 40% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes

Exports from Hungary

In 2022, approx. X units of buckets, shovels, grabs and grips for ships’ derricks and cranes were exported from Hungary; shrinking by -7.2% against 2021 figures. Overall, exports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2018 with an increase of 25%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, ship derrick buckets and shovels exports reached $X in 2022. Over the period under review, exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2018 with an increase of 34%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X units), Germany (X units) and the UK (X units) were the main destinations of ship derrick buckets and shovels exports from Hungary, with a combined 77% share of total exports. Belgium, France and Italy lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +7.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ship derrick buckets and shovels exported from Hungary were the Netherlands ($X), Germany ($X) and the UK ($X), with a combined 76% share of total exports. These countries were followed by Belgium, France and Italy, which together accounted for a further 22%.

Among the main countries of destination, France, with a CAGR of +8.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for buckets, shovels, grabs and grips for ships’ derricks and cranes stood at $X per unit in 2022, rising by 11% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to France ($X per unit) and Belgium ($X per unit), while the average price for exports to Italy ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes

Imports into Hungary

In 2022, the amount of buckets, shovels, grabs and grips for ships’ derricks and cranes imported into Hungary soared to X units, jumping by 90% compared with the previous year's figure. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 114%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, ship derrick buckets and shovels imports skyrocketed to $X in 2022. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2018 with an increase of 103% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest ship derrick buckets and shovels supplier to Hungary, accounting for a 40% share of total imports. Moreover, ship derrick buckets and shovels imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X units), twofold. France (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +51.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+56.0% per year) and France (+60.0% per year).

In value terms, the Netherlands ($X), Belgium ($X) and Germany ($X) were the largest ship derrick buckets and shovels suppliers to Hungary, with a combined 53% share of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +45.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for buckets, shovels, grabs and grips for ships’ derricks and cranes amounted to $X per unit, falling by -29% against the previous year. In general, the import price recorded a deep setback. The growth pace was the most rapid in 2013 when the average import price increased by 24%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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