Report Update: May 5, 2024

Hungary - Self-Propelled Earth Moving, Excavating Machinery - Market Analysis, Forecast, Size, Trends And Insights

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Self-Propelled Excavating Machinery Price in Hungary - 2023

Self-Propelled Excavating Machinery Price in Hungary (CIF) - 2023

In June 2023, the average self-propelled excavating machinery import price amounted to $361K per unit, which is down by -13.4% against the previous month. In general, the import price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 285% m-o-m. The import price peaked at $549K per unit in August 2022; however, from September 2022 to June 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Belgium ($555K per unit), while the price for China ($65,285 per unit) was amongst the lowest.

From August 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+53.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Self-Propelled Excavating Machinery Price in Hungary (FOB) - 2022

In 2022, the average self-propelled excavating machinery export price amounted to $1,145 per unit, with a decrease of -97.6% against the previous year. Overall, the export price recorded a dramatic decline. The growth pace was the most rapid in 2020 an increase of 35%. As a result, the export price reached the peak level of $59,878 per unit. From 2021 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 Serbia ($1,913 per unit), while the average price for exports to Austria ($340 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 Ukraine (+15.2%), while the prices for the other major destinations experienced a decline.

Self-Propelled Excavating Machinery Imports in Hungary

In 2022, supplies from abroad of self-propelled earth moving, excavating machinery decreased by -77.6% to 102 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 746%. Over the period under review, imports attained the maximum at 455 units in 2021, and then contracted dramatically in the following year.

In value terms, self-propelled excavating machinery imports soared to $18M in 2022. In general, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 662%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Self-Propelled Excavating Machinery in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	N/A	0.1	0.2	6.5	706.2%
United States	N/A	N/A	0.2	6.3	3050.0%
Italy	0.2	0.2	0.1	3.3	154.6%
Czech Republic	0.7	1.0	0.1	1.4	26.0%
Others	0.1	6.0	14.8	0.2	26.0%
Total	1.0	7.3	15.4	17.7	160.6%

Top Suppliers of Self-Propelled Excavating Machinery to Hungary in 2022:

Self-Propelled Excavating Machinery Exports in Hungary

In 2022, exports of self-propelled earth moving, excavating machinery from Hungary surged to 75 units, with an increase of 733% compared with the previous year. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 800%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, self-propelled excavating machinery exports declined dramatically to $86K in 2022. In general, exports, however, recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 615%. The exports peaked at $797K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Self-Propelled Excavating Machinery in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Serbia	286	N/A	0.4	63.1	-39.6%
United Kingdom	N/A	N/A	N/A	9.5	0%
Moldova	N/A	24.4	N/A	8.9	-39.6%
Austria	N/A	N/A	N/A	4.4	0%
France	511	N/A	N/A	N/A	0%
Romania	N/A	N/A	297	N/A	0%
Others	N/A	35.4	131	N/A	270.1%
Total	797	59.9	428	85.9	-52.4%

Top Export Markets for Self-Propelled Excavating Machinery from Hungary in 2022:

Serbia (33.0 units)
Moldova (15.0 units)
United Kingdom (14.0 units)
Austria (13.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the self-propelled excavating machinery market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28922750 - Self-propelled earth moving, excavating... machinery, n.e.c.

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023