Hungary: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2024

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Hungary

In 2022, the Hungarian market for pulley tackle and hoists powered by an electric motor decreased by -10.7% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption showed a pronounced downturn. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Pulley Tackle And Hoists Powered By An Electric Motor in Hungary

In value terms, production of pulley tackle and hoists powered by an electric motor fell markedly to $X in 2022 estimated in export price. In general, production posted a significant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 264%. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth remained at a lower figure.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports from Hungary

In 2022, after four years of growth, there was significant decline in shipments abroad of pulley tackle and hoists powered by an electric motor, when their volume decreased by -61.3% to X units. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 147% against the previous year. As a result, the exports attained the peak of X units, and then declined notably in the following year.

In value terms, exports of pulley tackle and hoists powered by an electric motor declined remarkably to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 74% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then shrank markedly in the following year.

Exports by Country

The Czech Republic (X units), Bulgaria (X units) and Romania (X units) were the main destinations of exports of pulley tackle and hoists powered by an electric motor from Hungary, together accounting for 52% of total exports. Serbia, Slovakia, Slovenia, the United States, Poland and Vietnam lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +73.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pulley tackle and hoists powered by an electric motor exported from Hungary were the Czech Republic ($X), Romania ($X) and Slovakia ($X), with a combined 54% share of total exports. Bulgaria, Serbia, Poland, Slovenia, the United States and Vietnam lagged somewhat behind, together accounting for a further 36%.

In terms of the main countries of destination, the United States, with a CAGR of +100.0%, 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 export price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, declining by -12.7% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 137%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Vietnam ($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 Ecuador (+53.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports into Hungary

After three years of growth, purchases abroad of pulley tackle and hoists powered by an electric motor decreased by -34.3% to X units in 2022. Overall, imports, however, saw a prominent increase. The growth pace was the most rapid in 2015 with an increase of 141%. Over the period under review, imports of attained the peak figure at X units in 2021, and then fell significantly in the following year.

In value terms, imports of pulley tackle and hoists powered by an electric motor fell remarkably to $X in 2022. In general, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 124%. Over the period under review, imports of hit record highs at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

Germany (X units), China (X units) and the Netherlands (X units) were the main suppliers of imports of pulley tackle and hoists powered by an electric motor to Hungary, together accounting for 89% of total imports. Finland, the Czech Republic, Slovenia and Poland lagged somewhat behind, together accounting for a further 8.6%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +84.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Germany ($X) and China ($X) were the largest pulley tackle and hoists powered by an electric motor suppliers to Hungary, with a combined 94% share of total imports.

Finland, with a CAGR of +113.4%, saw the highest growth rate of the value of imports, in terms of 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 import price for pulley tackle and hoists powered by an electric motor stood at $X per unit in 2022, growing by 17% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 85%. As a result, import price reached the peak level of $X per unit. From 2021 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 Finland ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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