Hungary: Concrete Mixer Market 2024

Concrete Mixer Market Size in Hungary

The Hungarian concrete mixer market skyrocketed to $X in 2021, surging by 73% against the previous year. In general, consumption saw a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Concrete Mixer Production in Hungary

In value terms, concrete mixer production expanded slightly to $X in 2021 estimated in export price. Overall, production showed a perceptible decrease. The pace of growth appeared the most rapid in 2017 with an increase of 16% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Concrete Mixer Exports

Exports from Hungary

In 2021, the amount of concrete or mortar mixers exported from Hungary declined to X units, shrinking by -7.8% on the year before. In general, exports recorded a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of 16% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, concrete mixer exports rose markedly to $X in 2021. Overall, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 21%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X units) was the main destination for concrete mixer exports from Hungary, accounting for a 50% share of total exports. Moreover, concrete mixer exports to Romania exceeded the volume sent to the second major destination, Moldova (X units), twofold. The third position in this ranking was held by Poland (X units), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania amounted to -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+39.6% per year) and Poland (-3.0% per year).

In value terms, Romania ($X) remains the key foreign market for concrete or mortar mixers exports from Hungary, comprising 54% of total exports. The second position in the ranking was held by Poland ($X), with a 14% share of total exports. It was followed by Moldova, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Romania amounted to -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-4.4% per year) and Moldova (+28.8% per year).

Export Prices by Country

In 2021, the average concrete mixer export price amounted to $X per unit, rising by 16% against the previous year. In general, the export price, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2018 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Moldova ($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 Germany (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Mixer Imports

Imports into Hungary

In 2021, imports of concrete or mortar mixers into Hungary surged to X units, increasing by 78% on the previous year. In general, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 133% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, concrete mixer imports soared to $X in 2021. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 146% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

Austria (X units), Germany (X units) and Turkey (X units) were the main suppliers of concrete mixer imports to Hungary, with a combined 59% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +138.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of concrete or mortar mixers to Hungary, comprising 37% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports. It was followed by Austria, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+47.7% per year) and Austria (+114.9% per year).

Import Prices by Country

In 2021, the average concrete mixer import price amounted to $X per unit, surging by 14% against the previous year. Overall, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average import price increased by 67% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 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, the country with the highest price was Germany ($X per unit), while the price for Croatia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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