Hungary: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2024

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in Hungary

The Hungarian transporter and bridge cranes market totaled $X in 2021, growing by 12% against the previous year. In general, consumption showed a resilient expansion. Transporter and bridge cranes consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Transporter Cranes, Gantry Cranes And Bridge Cranes in Hungary

In value terms, transporter and bridge cranes production expanded markedly to $X in 2021 estimated in export price. In general, production showed a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of 292% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports from Hungary

In 2021, approx. X units of transporter cranes, gantry cranes and bridge cranes were exported from Hungary; dropping by -41.5% against the year before. In general, exports recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 111% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, transporter and bridge cranes exports reduced to $X in 2021. Overall, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2013 with an increase of 186% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X units), Romania (X units) and the Czech Republic (X units) were the main destinations of transporter and bridge cranes exports from Hungary, with a combined 78% share of total exports. These countries were followed by Germany, Bulgaria, the United States, Ukraine and Slovakia, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +36.4%), while the other leaders experienced a decline.

In value terms, the largest markets for transporter and bridge cranes exported from Hungary were Austria ($X), Romania ($X) and the Czech Republic ($X), together comprising 76% of total exports. These countries were followed by Germany, Bulgaria, the United States, Ukraine and Slovakia, which together accounted for a further 17%.

Bulgaria, with a CAGR of +41.6%, 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 a decline.

Export Prices by Country

The average transporter and bridge cranes export price stood at $X per unit in 2021, surging by 47% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, transporter and bridge cranes export price increased by +63.8% against 2013 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Germany ($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 Ukraine (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports into Hungary

Transporter and bridge cranes imports into Hungary declined notably to X units in 2021, which is down by -39.9% compared with 2020. Over the period under review, imports recorded a mild slump. The growth pace was the most rapid in 2014 when imports increased by 136%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, transporter and bridge cranes imports fell dramatically to $X in 2021. Overall, imports recorded a perceptible decline. The most prominent rate of growth was recorded in 2014 when imports increased by 232%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Slovakia (X units) were the main suppliers of transporter and bridge cranes imports to Hungary, with a combined 98% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +106.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of transporter cranes, gantry cranes and bridge cranes to Hungary, comprising 65% of total imports. The second position in the ranking was taken by China ($X), with a 23% share of total imports. It was followed by Slovakia, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+36.1% per year) and Slovakia (+90.6% per year).

Import Prices by Country

The average transporter and bridge cranes import price stood at $X per unit in 2021, which is down by -26.3% against the previous year. In general, the import price showed a slight setback. The pace of growth appeared the most rapid in 2019 an increase of 68% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+60.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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