Hungary: Full-Rotation Excavator Market 2025

Full-Rotation Excavator Market Size in Hungary

The Hungarian full-rotation excavator market skyrocketed to $X in 2021, jumping by 33% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw significant growth. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Full-Rotation Excavator Exports

Exports from Hungary

In 2021, shipments abroad of self-propelled full-rotation excavators and bulldozers increased by 20% to X units, rising for the fourth consecutive year after two years of decline. Overall, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 109% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, full-rotation excavator exports totaled $X in 2021. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 98% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X units), Serbia (X units) and Slovakia (X units) were the main destinations of full-rotation excavator exports from Hungary, with a combined 66% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +49.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Serbia ($X) and Slovakia ($X) were the largest markets for full-rotation excavator exported from Hungary worldwide, with a combined 62% share of total exports. These countries were followed by Ukraine, North Macedonia, Germany, Albania, Austria, Iraq, Switzerland and Kosovo, which together accounted for a further 24%.

Albania, with a CAGR of +40.6%, saw the highest rates of growth with regard to 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

The average full-rotation excavator export price stood at $X per unit in 2021, shrinking by -12.8% against the previous year. Over the period under review, the export price recorded a perceptible slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 34% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Kosovo ($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 North Macedonia (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Full-Rotation Excavator Imports

Imports into Hungary

In 2021, full-rotation excavator imports into Hungary surged to X units, picking up by 57% against 2020 figures. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 101% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, full-rotation excavator imports soared to $X in 2021. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 85% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

The Netherlands (X units), France (X units) and Belgium (X units) were the main suppliers of full-rotation excavator imports to Hungary, with a combined 48% share of total imports. These countries were followed by the Czech Republic, China, Germany and Austria, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +86.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Belgium ($X) constituted the largest full-rotation excavator suppliers to Hungary, together accounting for 51% of total imports. These countries were followed by Germany, Austria, China and the Czech Republic, which together accounted for a further 34%.

In terms of the main suppliers, China, with a CAGR of +78.8%, saw 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

The average full-rotation excavator import price stood at $X per unit in 2021, falling by -23.8% against the previous year. In general, the import price recorded a abrupt contraction. The growth pace was the most rapid in 2017 when the average import price increased by 22% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 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 Germany ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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