Hungary: Non-Self-Propelled Fork-Lift Truck Market 2025

Non-Self-Propelled Fork-Lift Truck Market Size in Hungary

In 2022, the Hungarian non-self-propelled fork-lift truck market was finally on the rise to reach $X after three years of decline. In general, consumption saw a mild expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Non-Self-Propelled Fork-Lift Truck Production in Hungary

In value terms, non-self-propelled fork-lift truck production rose significantly to $X in 2022 estimated in export price. Overall, production, however, saw a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 81%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Non-Self-Propelled Fork-Lift Truck Exports

Exports from Hungary

In 2022, non-self-propelled fork-lift truck exports from Hungary soared to X units, picking up by 62% against the previous year's figure. Over the period under review, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2019 when exports increased by 108%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, non-self-propelled fork-lift truck exports skyrocketed to $X in 2022. Overall, exports recorded a moderate increase. The most prominent rate of growth was recorded in 2016 when exports increased by 208% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

Bulgaria (X units) was the main destination for non-self-propelled fork-lift truck exports from Hungary, with a 50% share of total exports. Moreover, non-self-propelled fork-lift truck exports to Bulgaria exceeded the volume sent to the second major destination, North Macedonia (X units), fourfold. The third position in this ranking was held by France (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bulgaria stood at +34.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+312.5% per year) and France (0.0% per year).

In value terms, France ($X), North Macedonia ($X) and Bulgaria ($X) constituted the largest markets for non-self-propelled fork-lift truck exported from Hungary worldwide, together accounting for 57% of total exports.

Among the main countries of destination, North Macedonia, with a CAGR of +235.7%, 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

The average non-self-propelled fork-lift truck export price stood at $X per unit in 2022, growing by 18% against the previous year. In general, the export price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 79% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Bulgaria ($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 (+3.8%), while the prices for the other major destinations experienced a decline.

Non-Self-Propelled Fork-Lift Truck Imports

Imports into Hungary

In 2022, non-self-propelled fork-lift truck imports into Hungary soared to X units, growing by 26% compared with the year before. Overall, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 78%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, non-self-propelled fork-lift truck imports skyrocketed to $X in 2022. Over the period under review, imports posted buoyant growth. The growth pace was the most rapid in 2018 when imports increased by 143%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), Ireland (X units) and China (X units) were the main suppliers of non-self-propelled fork-lift truck imports to Hungary, with a combined 63% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +107.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Ireland ($X) and Belgium ($X) constituted the largest non-self-propelled fork-lift truck suppliers to Hungary, with a combined 63% share of total imports.

In terms of the main suppliers, Ireland, with a CAGR of +107.9%, recorded 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

In 2022, the average non-self-propelled fork-lift truck import price amounted to $X per unit, growing by 7.7% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 67% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 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 Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :