Report Update Nov 1, 2024

Hungary - Machinery for Public Works and Building - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Public Works Machinery Market 2024

Public Works Machinery Market Size in Hungary

The Hungarian public works machinery market amounted to $X in 2021, surging by 14% against the previous year. Overall, consumption showed a resilient increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Public Works Machinery Production in Hungary

In value terms, public works machinery production declined to $X in 2021 estimated in export price. Over the period under review, production showed a pronounced curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 21%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Public Works Machinery Exports

Exports from Hungary

In 2021, public works machinery exports from Hungary contracted rapidly to X units, shrinking by -18.9% compared with 2020. Overall, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2017 when exports increased by 120%. The exports peaked at X units in 2020, and then shrank notably in the following year.

In value terms, public works machinery exports dropped sharply to $X in 2021. Over the period under review, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 123% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then dropped markedly in the following year.

Exports by Country

From 2012 to 2021, the average annual rate of growth in terms of volume to No country was relatively modest.

In value terms, the United States ($X) remains the key foreign market for machinery for public works and building exports from Hungary, comprising 50% of total exports. The second position in the ranking was held by Germany ($X), with a 23% share of total exports. It was followed by China, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+2.8% per year) and China (+83.7% per year).

Export Prices by Country

In 2019, the average public works machinery export price amounted to $X per unit, reducing by -12% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 3.4% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2019, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Finland ($X per unit) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+206.2%), while the prices for the other major destinations experienced more modest paces of growth.

Public Works Machinery Imports

Imports into Hungary

In 2021, the amount of machinery for public works and building imported into Hungary rose remarkably to X units, with an increase of 7.9% compared with the previous year's figure. Overall, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by 78%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, public works machinery imports fell to $X in 2021. In general, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 73%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

From 2012 to 2021, the average annual growth rate of volume from No country was relatively modest.

In value terms, Germany ($X) constituted the largest supplier of machinery for public works and building to Hungary, comprising 68% of total imports. The second position in the ranking was taken by Italy ($X), with a 9% share of total imports. It was followed by Poland, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +19.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+49.1% per year) and Poland (+66.1% per year).

Import Prices by Country

In 2019, the average public works machinery import price amounted to $X per unit, falling by -6.3% against the previous year. Overall, the import price showed a perceptible decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 11% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2019, import prices failed to regain momentum.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Italy (+53.9%), 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 machinery for public works and building in the world?

The country with the largest volume of public works machinery consumption was China, accounting for 27% of total volume. Moreover, public works machinery consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. India ranked third in terms of total consumption with a 10% share.

What are the largest producers of machinery for public works and building in the world?

China remains the largest public works machinery producing country worldwide, comprising approx. 39% of total volume. Moreover, public works machinery production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 10% share.

What are the leading suppliers of machinery for public works and building to Hungary?

In value terms, Germany constituted the largest supplier of public works machinery to Hungary, comprising 60% of total imports. The second position in the ranking was occupied by Italy, with a 7.5% share of total imports. It was followed by Poland, with a 7% share.

What are the leading importers of machinery for public works and building from Hungary?

In value terms, Lao People's Democratic Republic, the United States and Germany constituted the largest markets for public works machinery exported from Hungary worldwide, together accounting for 76% of total exports.

What is the average export price for machinery for public works and building in Hungary?

The average public works machinery export price stood at $4,919 per unit in 2020, which is down by -80.5% against the previous year.

What is the average import price for machinery for public works and building in Hungary?

In 2020, the average public works machinery import price amounted to $1,730 per unit, surging by 9.1% against the previous year.

This report provides an in-depth analysis of the public works machinery 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 28923090 - Machinery for public works, building..., having individual functions

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