Hungary: Motor Grader Market 2024

Motor Grader Market Size in Hungary

For the third consecutive year, the Hungarian motor grader market recorded growth in sales value, which increased by 175% to $X in 2022. In general, consumption recorded a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Motor Grader Production in Hungary

In value terms, motor grader production reached $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 1.8%. Motor grader production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Motor Grader Exports

Exports from Hungary

In 2022, the amount of motor graders and levellers exported from Hungary reduced remarkably to X units, shrinking by -47.4% on the previous year's figure. In general, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of 509% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, motor grader exports reduced sharply to $X in 2022. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 164%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X units), Slovakia (X units) and the Philippines (X units) were the main destinations of motor grader exports from Hungary, together comprising 50% 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 the Philippines (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Denmark ($X) and Slovakia ($X) constituted the largest markets for motor grader exported from Hungary worldwide, with a combined 57% share of total exports. Uruguay, Croatia, the Philippines, Montenegro and Germany lagged somewhat behind, together comprising a further 43%.

In terms of the main countries of destination, the Philippines, with a CAGR of 0.0%, recorded the highest rates of growth with regard to 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

In 2022, the average motor grader export price amounted to $X per unit, increasing by 16% against the previous year. In general, the export price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 294% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Germany ($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 Romania (-9.3%), while the prices for the other major destinations experienced a decline.

Motor Grader Imports

Imports into Hungary

In 2022, supplies from abroad of motor graders and levellers increased by 170% to X units, rising for the second consecutive year after two years of decline. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 183%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, motor grader imports soared to $X in 2022. Overall, imports posted significant growth. The growth pace was the most rapid in 2014 when imports increased by 239%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the Czech Republic (X units) constituted the largest motor grader supplier to Hungary, accounting for a 88% share of total imports. Moreover, motor grader imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Slovakia (X units), more than tenfold. The third position in this ranking was held by Belgium (X units), with a 3% share.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic amounted to +405.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+40.5% per year) and Belgium (+24.8% per year).

In value terms, Belgium ($X), the Czech Republic ($X) and Brazil ($X) constituted the largest motor grader suppliers to Hungary, together comprising 83% of total imports.

The Czech Republic, with a CAGR of +416.1%, saw 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 motor grader import price stood at $X per unit in 2022, waning by -9.6% against the previous year. Over the period under review, the import price faced a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 116%. As a result, import price attained the peak level of $X per unit. From 2015 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 Brazil ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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