Hungary: Crane Lorry Market Overview 2020

Crane Lorry Market Size in Hungary

The revenue of the crane lorry market in Hungary amounted to $X in 2018, growing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Crane lorry consumption peaked in 2018 and is likely to see steady growth in the near future.

Crane Lorry Production in Hungary

In value terms, crane lorry production stood at $X in 2018 estimated in export prices. Over the period under review, crane lorry production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Crane lorry production peaked in 2018 and is likely to continue its growth in the immediate term.

Crane Lorry Exports

Exports from Hungary

In 2018, approx. X units of crane lorries were exported from Hungary; jumping by X% against the previous year. In general, crane lorry exports continue to indicate a prominent increase. The growth pace was the most rapid in 2011 when exports increased by X% year-to-year. Exports peaked at X units in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

In value terms, crane lorry exports stood at $X in 2018. Overall, crane lorry exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. In that year, crane lorry exports attained their peak of $X. From 2012 to 2018, the growth of crane lorry exports remained at a somewhat lower figure.

Exports by Country

Italy (X units) was the main destination for crane lorry exports from Hungary, with a X% share of total exports. Moreover, crane lorry exports to Italy exceeded the volume sent to the second major destination, Serbia (X units), sevenfold. The third position in this ranking was occupied by Romania (X units), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Italy stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+X% per year) and Romania (+X% per year).

In value terms, Germany ($X) emerged as the key foreign market for crane lorry exports from Hungary, comprising X% of total crane lorry exports. The second position in the ranking was occupied by Austria ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2007 to 2018, 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: Austria (+X% per year) and Italy (+X% per year).

Export Prices by Country

The average crane lorry export price stood at $X per unit in 2018, rising by X% against the previous year. Overall, the crane lorry export price continues to indicate mild growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% year-to-year. The export price peaked at $X per unit in 2012; however, from 2013 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Germany ($X per unit), while the average price for exports to Greece ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia, while the prices for the other major destinations experienced mixed trend patterns.

Crane Lorry Imports

Imports into Hungary

In 2018, the imports of crane lorries into Hungary amounted to X units, waning by -X% against the previous year. In general, crane lorry imports continue to indicate an abrupt drop. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, crane lorry imports reached their peak figure at X units in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

In value terms, crane lorry imports totaled $X in 2018. Over the period under review, crane lorry imports continue to indicate a strong increase. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. In that year, crane lorry imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

The Czech Republic (X units), France (X units) and Italy (X units) were the main suppliers of crane lorry imports to Hungary, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by France, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of crane lorry to Hungary, comprising X% of total crane lorry imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and the Czech Republic (+X% per year).

Import Prices by Country

The average crane lorry import price stood at $X per unit in 2018, increasing by X% against the previous year. Over the period under review, the crane lorry import price continues to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. In that year, the average import prices for crane lorries reached their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany (+X% per year), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform