Hungary: Bulldozer Market 2024

Bulldozer Market Size in Hungary

After three years of decline, the Hungarian bulldozer market increased by 412% to $X in 2022. Over the period under review, consumption recorded a significant increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Bulldozer Production in Hungary

In value terms, bulldozer production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 2.4%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Bulldozer Exports

Exports from Hungary

After three years of growth, shipments abroad of bulldozers and angle dozers decreased by -89.8% to X units in 2022. Overall, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 150%. The exports peaked at X units in 2021, and then contracted notably in the following year.

In value terms, bulldozer exports dropped markedly to $X in 2022. In general, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2019 with an increase of 2,361%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Serbia (X units), Moldova (X units) and Turkey (X units) were the main destinations of bulldozer exports from Hungary, together accounting for 60% of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bulldozer exported from Hungary were Slovakia ($X), Turkey ($X) and Peru ($X), together comprising 86% of total exports. Moldova and Serbia lagged somewhat behind, together comprising a further 14%.

Among the main countries of destination, Moldova, with a CAGR of +2.9%, 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 bulldozer export price stood at $X per unit in 2022, with an increase of 6.3% against the previous year. Over the period under review, the export price, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2019 an increase of 885% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while the average price for exports to Serbia ($X 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 Moldova (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Bulldozer Imports

Imports into Hungary

In 2022, overseas purchases of bulldozers and angle dozers increased by 7.3% to X units, rising for the second year in a row after two years of decline. In general, imports recorded a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 336% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, bulldozer imports soared to $X in 2022. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,495% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Germany (X units), Slovakia (X units) and France (X units) were the main suppliers of bulldozer imports to Hungary, together comprising 57% of total imports. The Netherlands, Belgium, Austria, Romania, Bulgaria, Brazil and Italy lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +19.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Austria ($X) and the Netherlands ($X) constituted the largest bulldozer suppliers to Hungary, together comprising 67% of total imports.

The Netherlands, with a CAGR of +29.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bulldozer import price stood at $X per unit in 2022, surging by 60% against the previous year. In general, the import price saw temperate growth. The growth pace was the most rapid in 2017 when the average import price increased by 265% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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