Report Update Nov 1, 2024

Hungary - Lifts and Hoists - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Lift And Hoist Market 2024

Lift And Hoist Market Size in Hungary

The Hungarian lift and hoist market dropped slightly to $X in 2022, declining by -3.9% against the previous year. Over the period under review, consumption, however, showed buoyant growth. Lift and hoist consumption peaked at $X in 2021, and then declined modestly in the following year.

Lift And Hoist Production in Hungary

In value terms, lift and hoist production skyrocketed to $X in 2022 estimated in export price. In general, production showed a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 22% against the previous year. Over the period under review, production reached the peak level in 2022 and is likely to see gradual growth in the near future.

Lift And Hoist Exports

Exports from Hungary

In 2022, overseas shipments of lifts and hoists decreased by -44.8% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a pronounced slump. The most prominent rate of growth was recorded in 2020 when exports increased by 196% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, lift and hoist exports contracted to $X in 2022. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 113%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia (X units), Norway (X units) and Germany (X units) were the main destinations of lift and hoist exports from Hungary, together accounting for 84% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +48.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lift and hoist exported from Hungary were Slovakia ($X), Norway ($X) and Germany ($X), together accounting for 96% of total exports.

Among the main countries of destination, Norway, with a CAGR of +86.0%, recorded 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 lift and hoist export price stood at $X per unit in 2022, surging by 62% against the previous year. In general, the export price, however, showed a perceptible curtailment. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Romania ($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 Norway (+38.6%), while the prices for the other major destinations experienced a decline.

Lift And Hoist Imports

Imports into Hungary

After three years of growth, supplies from abroad of lifts and hoists decreased by -17.3% to X units in 2022. In general, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by 82%. Imports peaked at X units in 2021, and then dropped sharply in the following year.

In value terms, lift and hoist imports shrank to $X in 2022. Overall, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2015 when imports increased by 84%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

Finland (X units), Germany (X units) and Belgium (X units) were the main suppliers of lift and hoist imports to Hungary, with a combined 43% 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 Belgium (with a CAGR of +85.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lift and hoist suppliers to Hungary were Finland ($X), Germany ($X) and Belgium ($X), together comprising 43% of total imports.

Among the main suppliers, Belgium, with a CAGR of +187.3%, recorded the highest growth rate of 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 lift and hoist import price stood at $X per unit in 2022, with an increase of 5.1% against the previous year. Overall, the import price, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by 8.9% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($X per unit) and Belgium ($X per unit), while the price for the Czech Republic ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+55.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lifts and hoists in the world?

The countries with the highest volumes of in 2021 were China, South Africa and the United States, with a combined 78% share of global consumption.

What are the largest producers of lifts and hoists in the world?

The countries with the highest volumes of in 2021 were China, Spain and Italy, with a combined 85% share of global production.

What are the leading suppliers of lifts and hoists to Hungary?

In value terms, Finland, France and Germany appeared to be the largest lift and hoist suppliers to Hungary, together comprising 68% of total imports. Spain, Belgium, China and Canada lagged somewhat behind, together accounting for a further 18%.

What are the leading importers of lifts and hoists from Hungary?

In value terms, Norway, Slovakia and Germany were the largest markets for lift and hoist exported from Hungary worldwide, together accounting for 92% of total exports.

What is the average export price for lifts and hoists in Hungary?

The average lift and hoist export price stood at $10,730 per unit in 2021, increasing by 46% against the previous year.

What is the average import price for lifts and hoists in Hungary?

The average lift and hoist import price stood at $13,528 per unit in 2021, waning by -23% against the previous year.

This report provides an in-depth analysis of the lift and hoist 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 28221630 - Electrically operated lifts and skip hoists
Prodcom 28221650 - Lifts and skip hoists (excluding electrically operated)

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