Hungary: Scrapers Excavator Market 2024

Scrapers Excavator Market Size in Hungary

The Hungarian scrapers excavator market dropped to $X in 2022, with a decrease of -9.1% against the previous year. In general, consumption continues to indicate a deep downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Scrapers Excavator Production in Hungary

In value terms, scrapers excavator production declined to $X in 2022 estimated in export price. In general, production recorded a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 16% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Scrapers Excavator Exports

Exports from Hungary

In 2022, the amount of scrapers earth moving, excavating, extracting machinery (not self-propelled) exported from Hungary declined markedly to X units, waning by -92.2% against the year before. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 3,750% against the previous year. As a result, the exports attained the peak of X units, and then declined sharply in the following year.

In value terms, scrapers excavator exports shrank dramatically to $X in 2022. Overall, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 5,212% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) and Libya (X units) were the main destinations of scrapers excavator exports from Hungary.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Libya (with a CAGR of 0.0%).

In value terms, Germany ($X) emerged as the key foreign market for scrapers earth moving, excavating, extracting machinery (not self-propelled) exports from Hungary, comprising 77% of total exports. The second position in the ranking was held by Libya ($X), with an 8.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany stood at -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (0.0% per year) and Slovakia (-29.0% per year).

Export Prices by Country

The average scrapers excavator export price stood at $X per unit in 2022, surging by 213% against the previous year. Overall, the export price continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 294% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

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 Germany ($X per unit), while the average price for exports to Libya ($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 (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.

Scrapers Excavator Imports

Imports into Hungary

In 2022, overseas purchases of scrapers earth moving, excavating, extracting machinery (not self-propelled) decreased by -64.4% to X units, falling for the second year in a row after two years of growth. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 1,886% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, scrapers excavator imports contracted remarkably to $X in 2022. In general, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2014 with an increase of 1,648%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), the Czech Republic (X units) and Finland (X units) were the main suppliers of scrapers excavator imports to Hungary, with a combined 66% share of total imports. Belgium, Italy, Sweden, Serbia, China and Poland lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +56.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest scrapers excavator suppliers to Hungary were Germany ($X), the Czech Republic ($X) and Finland ($X), together comprising 59% of total imports. Belgium, Italy, Sweden, Poland, China and Serbia lagged somewhat behind, together accounting for a further 37%.

Among the main suppliers, Serbia, with a CAGR of +59.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average scrapers excavator import price amounted to $X per unit, growing by 27% against the previous year. Overall, the import price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 45%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per unit), while the price for Serbia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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