Hungary: Unit Construction Machine Market 2024

Unit Construction Machine Market Size in Hungary

The Hungarian unit construction machine market reduced dramatically to $X in 2022, with a decrease of X% against the previous year. In general, consumption recorded a mild descent. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Unit Construction Machine Production in Hungary

In value terms, unit construction machine production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Unit Construction Machine Exports

Exports from Hungary

In 2022, overseas shipments of unit construction machines for working metal increased by X% to X units, rising for the second year in a row after two years of decline. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, unit construction machine exports surged to $X in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), Romania (X units) and Poland (X units) were the main destinations of unit construction machine exports from Hungary, together accounting for X% of total exports.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for unit construction machines for working metal exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Romania ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Poland (X% per year).

Export Prices by Country

The average unit construction machine export price stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Unit Construction Machine Imports

Imports into Hungary

Unit construction machine imports into Hungary contracted remarkably to X units in 2022, with a decrease of X% compared with 2021 figures. Overall, imports showed a pronounced contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, unit construction machine imports soared to $X in 2022. In general, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Slovakia (X units), Germany (X units) and France (X units) were the main suppliers of unit construction machine imports to Hungary, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of unit construction machines for working metal to Hungary, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Croatia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Croatia (X% per year).

Import Prices by Country

The average unit construction machine import price stood at $X per unit in 2022, jumping by X% against the previous year. In general, the import price saw a buoyant expansion. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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