Hungary: Rock Cutter Market 2024

Rock Cutter Market Size in Hungary

After two years of decline, the Hungarian rock cutter market increased by 256% to $X in 2022. Over the period under review, consumption showed a resilient expansion. Rock cutter consumption peaked in 2022 and is expected to retain growth in years to come.

Rock Cutter Production in Hungary

In value terms, rock cutter production stood at less than $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with a decrease of 99.9% against the previous year. Rock cutter production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Rock Cutter Exports

Exports from Hungary

In 2022, exports of coal or rock cutters and tunnelling machinery from Hungary declined sharply to X units, reducing by -92.8% against the previous year's figure. Overall, exports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2014 when exports increased by 122%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, rock cutter exports fell markedly to $X in 2022. Over the period under review, exports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2014 when exports increased by 83%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X units), Germany (X units) and Romania (X units) were the main destinations of rock cutter exports from Hungary.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Sweden ($X) and Romania ($X) were the largest markets for rock cutter exported from Hungary worldwide.

Among the main countries of destination, Romania, with a CAGR of +35.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average rock cutter export price stood at $X per unit in 2022, growing by 51% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rock cutter export price increased by +85.7% against 2016 indices. As a result, the export price attained 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 Germany ($X per unit), while the average price for exports to Romania ($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 Romania (+35.6%), while the prices for the other major destinations experienced more modest paces of growth.

Rock Cutter Imports

Imports into Hungary

In 2022, purchases abroad of coal or rock cutters and tunnelling machinery decreased by 0% to X units, falling for the third consecutive year after two years of growth. Over the period under review, imports continue to indicate a strong increase. The growth pace was the most rapid in 2014 when imports increased by 550%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, rock cutter imports contracted significantly to $X in 2022. In general, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by 1,187%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), the Czech Republic (X units) and Sweden (X units) were the main suppliers of rock cutter imports to Hungary, with a combined 75% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +26.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rock cutter suppliers to Hungary were the Czech Republic ($X), Germany ($X) and South Korea ($X), together comprising 92% of total imports. The Netherlands and Sweden lagged somewhat behind, together comprising a further 7.7%.

Among the main suppliers, the Netherlands, with a CAGR of +34.4%, 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

The average rock cutter import price stood at $X per unit in 2022, which is down by -29.7% against the previous year. Overall, the import price, however, saw a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 175% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 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 the Czech Republic ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+132.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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