Hungary: Market for Road Tractors For Semi-Trailers 2025

Market Size for Road Tractors For Semi-Trailers in Hungary

The Hungarian road tractor for semi-trailer market reduced rapidly to $X in 2021, falling by -66.2% against the previous year. In general, consumption faced a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Road Tractors For Semi-Trailers in Hungary

In value terms, road tractor for semi-trailer production contracted notably to $X in 2021 estimated in export price. Over the period under review, production showed a deep contraction. The growth pace was the most rapid in 2013 when the production volume decreased by -49.2%. Road tractor for semi-trailer production peaked at $X in 2020, and then fell dramatically in the following year.

Exports of Road Tractors For Semi-Trailers

Exports from Hungary

In 2021, overseas shipments of road tractors for semi-trailers increased by 25% to X units, rising for the fourth year in a row after two years of decline. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 38%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, road tractor for semi-trailer exports skyrocketed to $X in 2021. Over the period under review, exports posted a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Afghanistan (X units), Turkey (X units) and Ukraine (X units) were the main destinations of road tractor for semi-trailer exports from Hungary, together accounting for 34% of total exports. These countries were followed by Romania, Georgia, Serbia, Slovakia, Poland, Jordan, the United Arab Emirates, the Netherlands, Libya and Egypt, which together accounted for a further 49%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +225.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Afghanistan ($X) and Georgia ($X) constituted the largest markets for road tractor for semi-trailer exported from Hungary worldwide, together accounting for 55% of total exports. These countries were followed by Poland, Romania, Slovakia, Serbia, the Netherlands, Ukraine, the United Arab Emirates, Jordan, Egypt and Libya, which together accounted for a further 35%.

The United Arab Emirates, with a CAGR of +136.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average road tractor for semi-trailer export price amounted to $X per unit, with an increase of 97% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to Libya ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+24.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Road Tractors For Semi-Trailers

Imports into Hungary

After two years of decline, supplies from abroad of road tractors for semi-trailers increased by 63% to X units in 2021. Over the period under review, imports, however, continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 73% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, road tractor for semi-trailer imports surged to $X in 2021. In general, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -32.5% against 2018 indices. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest road tractor for semi-trailer supplier to Hungary, accounting for a 27% share of total imports. Moreover, road tractor for semi-trailer imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-2.0% per year) and Germany (-13.8% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of road tractors for semi-trailers to Hungary, comprising 34% of total imports. The second position in the ranking was held by Belgium ($X), with a 12% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-5.2% per year) and France (-1.0% per year).

Import Prices by Country

In 2021, the average road tractor for semi-trailer import price amounted to $X per unit, growing by 2.2% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2020 an increase of 41%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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