Hungary: Concrete-Mixer Lorry Market 2025

Concrete-Mixer Lorry Market Size in Hungary

The Hungarian concrete-mixer lorry market fell remarkably to $X in 2022, which is down by -20.4% against the previous year. In general, consumption, however, enjoyed a prominent increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Concrete-Mixer Lorry Production in Hungary

In value terms, concrete-mixer lorry production reached $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 5.2% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Concrete-Mixer Lorry Exports

Exports from Hungary

After two years of growth, shipments abroad of concrete-mixer lorries decreased by -52% to X units in 2022. In general, exports showed a deep contraction. The growth pace was the most rapid in 2020 when exports increased by 360%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, concrete-mixer lorry exports fell dramatically to $X in 2022. Overall, exports showed a precipitous descent. The pace of growth was the most pronounced in 2020 with an increase of 287%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria (X units), Ukraine (X units) and Jordan (X units) were the main destinations of concrete-mixer lorry exports from Hungary, with a combined 58% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +73.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for concrete-mixer lorry exported from Hungary were Romania ($X), Germany ($X) and Iraq ($X), with a combined 73% share of total exports. Jordan, Nigeria, North Macedonia and Ukraine lagged somewhat behind, together accounting for a further 27%.

In terms of the main countries of destination, Nigeria, with a CAGR of +63.1%, saw 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

In 2022, the average concrete-mixer lorry export price amounted to $X per unit, shrinking by -8.7% against the previous year. In general, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 an increase of 127% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Ukraine ($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 Jordan (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete-Mixer Lorry Imports

Imports into Hungary

In 2022, imports of concrete-mixer lorries into Hungary fell notably to X units, which is down by -67.7% compared with the previous year's figure. In general, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 245% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then reduced markedly in the following year.

In value terms, concrete-mixer lorry imports reduced rapidly to $X in 2022. Overall, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 172%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of concrete-mixer lorry to Hungary, with a 65% share of total imports. Moreover, concrete-mixer lorry imports from Germany exceeded the figures recorded by the second-largest supplier, Slovenia (X units), sevenfold. The third position in this ranking was held by Italy (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (-26.3% per year) and Italy (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of concrete-mixer lorries to Hungary, comprising 76% of total imports. The second position in the ranking was taken by Italy ($X), with a 14% share of total imports. It was followed by Slovenia, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +78.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.6% per year) and Slovenia (-40.8% per year).

Import Prices by Country

The average concrete-mixer lorry import price stood at $X per unit in 2022, declining by -5.3% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete-mixer lorry import price increased by +7.9% against 2020 indices. The pace of growth appeared the most rapid in 2015 an increase of 38%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+38.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :