Hungary: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in Hungary

In 2022, the Hungarian continuous-action elevators and conveyors market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate strong growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Continuous-Action Elevators And Conveyors in Hungary

In value terms, continuous-action elevators and conveyors production surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild reduction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports from Hungary

In 2022, overseas shipments of continuous-action elevators and conveyors decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, continuous-action elevators and conveyors exports surged to $X in 2022. In general, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The Netherlands (X units) was the main destination for continuous-action elevators and conveyors exports from Hungary, with a X% share of total exports. Moreover, continuous-action elevators and conveyors exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was taken by the UK (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the UK (X% per year).

In value terms, Germany ($X) remains the key foreign market for continuous-action elevators and conveyors exports from Hungary, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Austria (X% per year).

Export Prices by Country

In 2022, the average continuous-action elevators and conveyors export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price showed a significant expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in years to come.

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

Imports of Continuous-Action Elevators And Conveyors

Imports into Hungary

In 2022, the amount of continuous-action elevators and conveyors imported into Hungary reached X units, remaining relatively unchanged against 2021. Over the period under review, imports showed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, continuous-action elevators and conveyors imports expanded significantly to $X in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of continuous-action elevators and conveyors to Hungary, accounting for a X% share of total imports. Moreover, continuous-action elevators and conveyors imports from China exceeded the figures recorded by the second-largest supplier, Slovakia (X units), threefold. The UK (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and the UK (X% per year).

In value terms, the largest continuous-action elevators and conveyors suppliers to Hungary were Germany ($X), South Korea ($X) and Italy ($X), together comprising X% of total imports. Denmark, Turkey, Sweden, China, the UK, Slovakia, Slovenia, the United States, Belgium and Malaysia lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 continuous-action elevators and conveyors import price amounted to $X per unit, picking up by X% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, continuous-action elevators and conveyors import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X,723 per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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