Hungary: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Hungary

After two years of growth, the Hungarian self-propelled rock cutter market decreased by -57.8% to $X in 2021. In general, consumption continues to indicate a deep slump. Self-propelled rock cutter consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Self-Propelled Rock Cutter Production in Hungary

In value terms, self-propelled rock cutter production soared to $X in 2021 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -17.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 56% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Self-Propelled Rock Cutter Exports

Exports from Hungary

Self-propelled rock cutter exports from Hungary rose slightly to X units in 2021, increasing by 4.8% against the year before. In general, total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -20.1% against 2019 indices. The pace of growth appeared the most rapid in 2015 when exports increased by 41%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, self-propelled rock cutter exports expanded to $X in 2021. Overall, exports showed strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 41%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for self-propelled rock cutter exports from Hungary, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +4.1%.

In value terms, Germany ($X) also remains the key foreign market for self-propelled coal or rock cutters and tunnelling machinery exports from Hungary.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +13.0%.

Export Prices by Country

The average self-propelled rock cutter export price stood at $X per unit in 2021, flattening at the previous year. Over the period under review, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, self-propelled rock cutter export price increased by +44.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 17% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020, and then dropped in the following year.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to +8.6% per year.

Self-Propelled Rock Cutter Imports

Imports into Hungary

In 2021, supplies from abroad of self-propelled coal or rock cutters and tunnelling machinery decreased by -60.7% to X units, falling for the second consecutive year after three years of growth. Overall, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 259%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, self-propelled rock cutter imports stood at $X in 2021. In general, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by 182% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Austria (X units) and Slovenia (X units) were the main suppliers of self-propelled rock cutter imports to Hungary.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +38.7%).

In value terms, the largest self-propelled rock cutter suppliers to Hungary were Slovenia ($X) and Austria ($X).

Austria, with a CAGR of +19.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average self-propelled rock cutter import price stood at $X per unit in 2021, surging by 170% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Slovenia ($X per unit), while the price for Austria stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+59.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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