Report Update Nov 1, 2024

Hungary - Escalators and Moving Walkways - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Escalator Market 2024

Escalator Market Size in Hungary

The Hungarian escalator market declined significantly to $X in 2022, dropping by -98% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a dramatic downturn. As a result, consumption attained the peak level of $X, and then dropped significantly in the following year.

Escalator Exports

Exports from Hungary

In 2022, approx. X units of escalators and moving WalkWays were exported from Hungary; increasing by 760% on the previous year's figure. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, escalator exports surged to $X in 2022. In general, exports, however, recorded a significant contraction. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for escalator exports from Hungary, with a 84% share of total exports. Moreover, escalator exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X units), fivefold.

From 2019 to 2022, the average annual rate of growth in terms of volume to Germany was relatively modest.

In value terms, Germany ($X) emerged as the key foreign market for escalators and moving WalkWays exports from Hungary, comprising 84% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 16% share of total exports.

From 2019 to 2022, the average annual rate of growth in terms of value to Germany was relatively modest.

Export Prices by Country

The average escalator export price stood at $X per unit in 2022, reducing by -79.2% against the previous year. Overall, the export price showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 54%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the Czech Republic amounted to $X per unit.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (-57.9%), while the prices for the other major destinations experienced a decline.

Escalator Imports

Imports into Hungary

Escalator imports into Hungary fell significantly to X units in 2022, with a decrease of -93.4% compared with 2021. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 4,115% against the previous year. As a result, imports attained the peak of X units, and then shrank dramatically in the following year.

In value terms, escalator imports reduced dramatically to $X in 2022. Overall, imports faced a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 3,667% against the previous year. As a result, imports reached the peak of $X, and then dropped notably in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of escalator to Hungary, with a 93% share of total imports. It was followed by Italy (X units), with a 1.8% share of total imports. The third position in this ranking was taken by the Czech Republic (X units), with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-12.9% per year) and the Czech Republic (-23.7% per year).

In value terms, China ($X) constituted the largest supplier of escalators and moving WalkWays to Hungary, comprising 99% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 0.4% share of total imports. It was followed by Germany, with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-33.8% per year) and Germany (+28.6% per year).

Import Prices by Country

The average escalator import price stood at $X per unit in 2022, with an increase of 53% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 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 China ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+79.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for escalators and moving walkways in the world?

The countries with the highest volumes of in 2021 were India, China and the United States, with a combined 60% share of global consumption.

What are the largest producers of escalators and moving walkways in the world?

The countries with the highest volumes of in 2021 were India, China and the United States, with a combined 66% share of global production.

What are the leading suppliers of escalators and moving walkways to Hungary?

In value terms, the largest escalator suppliers to Hungary were China and France.

What are the leading importers of escalators and moving walkways from Hungary?

In value terms, the Czech Republic $613) remains the key foreign market for escalator exports from Hungary.

What is the average export price for escalators and moving walkways in Hungary?

In 2021, the average escalator export price amounted to $459 per unit, growing by 11% against the previous year.

What is the average import price for escalators and moving walkways in Hungary?

The average escalator import price stood at $21,524 per unit in 2021, which is down by -21.5% against the previous year.

This report provides an in-depth analysis of the escalator market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28221670 - Escalators and moving walkways

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023