Hungary: Mobile Lifting Frame Market 2024

Mobile Lifting Frame Market Size in Hungary

The Hungarian mobile lifting frame market shrank sharply to $X in 2021, which is down by -62.3% against the previous year. Over the period under review, consumption saw a deep setback. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Mobile Lifting Frame Production in Hungary

In value terms, mobile lifting frame production shrank to $X in 2021 estimated in export price. Overall, production continues to indicate a pronounced reduction. The growth pace was the most rapid in 2016 when the production volume increased by 54%. Mobile lifting frame production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Mobile Lifting Frame Exports

Exports from Hungary

In 2021, shipments abroad of mobile lifting frames on tyres and straddle carriers increased by 233% to X units, rising for the sixth year in a row after two years of decline. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 346%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, mobile lifting frame exports soared to $X in 2021. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 988%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Romania (X units) was the main destination for mobile lifting frame exports from Hungary, with a 73% share of total exports. Moreover, mobile lifting frame exports to Romania exceeded the volume sent to the second major destination, Serbia (X units), sixfold. The third position in this ranking was taken by Ukraine (X units), with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania totaled +140.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+17.4% per year) and Ukraine (+178.6% per year).

In value terms, Romania ($X) remains the key foreign market for mobile lifting frames on tyres and straddle carriers exports from Hungary, comprising 64% of total exports. The second position in the ranking was taken by Serbia ($X), with a 16% share of total exports. It was followed by Ukraine, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania totaled +153.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+26.6% per year) and Ukraine (+162.8% per year).

Export Prices by Country

In 2021, the average mobile lifting frame export price amounted to $X per unit, declining by -6.4% against the previous year. In general, the export price, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 222% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Serbia ($X per unit) and Romania ($X per unit), while the average price for exports to Ukraine ($X per unit) and Belarus ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mobile Lifting Frame Imports

Imports into Hungary

In 2021, purchases abroad of mobile lifting frames on tyres and straddle carriers decreased by -56.2% to X units for the first time since 2017, thus ending a three-year rising trend. Overall, imports, however, recorded notable growth. The pace of growth appeared the most rapid in 2015 when imports increased by 3,742%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, mobile lifting frame imports fell notably to $X in 2021. Over the period under review, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 2,421%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the Czech Republic (X units) constituted the largest supplier of mobile lifting frame to Hungary, accounting for a 53% share of total imports. Moreover, mobile lifting frame imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The Netherlands (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic totaled +71.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-16.2% per year) and the Netherlands (+9.0% per year).

In value terms, the largest mobile lifting frame suppliers to Hungary were Italy ($X), the Czech Republic ($X) and the Netherlands ($X), with a combined 61% share of total imports. Belgium, China and Poland lagged somewhat behind, together accounting for a further 18%.

China, with a CAGR of +1,293.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mobile lifting frame import price stood at $X per unit in 2021, rising by 50% against the previous year. In general, the import price showed noticeable growth. The growth pace was the most rapid in 2017 when the average import price increased by 96%. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+55.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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