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Hungary - Derricks, Cranes, Mobile Lifting Frames, Straddle Carriers And Work Trucks Fitted With A Crane - Market Analysis, Forecast, Size, Trends and Insights
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Hungary: Crane Market Overview 2021

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Crane Market Size in Hungary

The Hungarian crane market rose markedly to $X in 2019, increasing by X% against the previous year. Overall, consumption continues to indicate strong growth. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. From 2009 to 2019, the growth of the market remained at a lower figure.

Crane Production in Hungary

In value terms, crane production shrank to $X in 2019 estimated in export prices. Over the period under review, production showed a buoyant increase. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. As a result, production reached the peak level of $X. From 2009 to 2019, production growth failed to regain the momentum.

Crane Exports

Exports from Hungary

In 2019, approx. X units of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane were exported from Hungary; shrinking by -X% compared with 2018 figures. In general, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. As a result, exports reached the peak of X units, and then reduced in the following year.

In value terms, crane exports fell to $X in 2019. Over the period under review, exports, however, enjoyed a mild expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2014 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Belarus (X units), Mexico (X units) and Tunisia (X units) were the main destinations of crane exports from Hungary, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tunisia, while exports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Belarus ($X) and Russia ($X) were the largest markets for crane exported from Hungary worldwide, with a combined X% share of total exports.

Russia recorded 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 more modest paces of growth.

Export Prices by Country

The average crane export price stood at $X per unit in 2019, rising by X% against the previous year. Overall, the export price, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the maximum at $X per unit in 2007; however, from 2008 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Norway ($X per unit), while the average price for exports to Tunisia ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Norway, while the prices for the other major destinations experienced mixed trend patterns.

Crane Imports

Imports into Hungary

For the third year in a row, Hungary recorded growth in purchases abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane, which increased by X% to X units in 2019. Over the period under review, imports posted a prominent increase. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure in 2019 and are likely to see steady growth in the near future.

In value terms, crane imports soared to $X in 2019. Overall, imports recorded strong growth. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Imports peaked in 2019 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X units), the U.S. (X units) and Switzerland (X units) were the main suppliers of crane imports to Hungary, with a combined X% share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crane suppliers to Hungary were the U.S. ($X), China ($X) and Switzerland ($X), with a combined X% share of total imports.

Among the main suppliers, China saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average crane import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2009 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per unit in 2010; however, from 2011 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in the world?
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The countries with the highest volumes of crane consumption in 2019 were China (318K units), the U.S. (170K units) and Belgium (164K units), with a combined 30% share of global consumption. These countries were followed by Sweden, Israel, Austria, Lithuania, Spain, Russia, Denmark, Germany, Viet Nam and Finland, which together accounted for a further 37%.
What are the largest producers of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in the world?
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The countries with the highest volumes of crane production in 2019 were China (372K units), Italy (275K units) and Belgium (178K units), together accounting for 47% of global production. The U.S., Germany, Russia, South Korea, Spain, France, Poland, Austria and Brazil lagged somewhat behind, together accounting for a further 29%.
What are the leading suppliers of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane to Hungary?
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In value terms, the largest crane suppliers to Hungary were the U.S. ($506K), China ($494K) and Switzerland ($84K), with a combined 2.3% share of total imports.
What are the leading importers of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane from Hungary?
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In value terms, Norway ($780K), Belarus ($428K) and Russia ($182K) were the largest markets for crane exported from Hungary worldwide, together accounting for 6.9% of total exports.
What is the average export price for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in Hungary?
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In 2019, the average crane export price amounted to $34,911 per unit, surging by 3% against the previous year.
What is the average import price for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in Hungary?
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The average crane import price stood at $161,835 per unit in 2019, surging by 18% against the previous year.

Product coverage:
• Prodcom 28221420 - Overhead travelling cranes on fixed support
• Prodcom 28221433 - Mobile lifting frames on tyres and straddle carriers
• Prodcom 28221435 - Transporter cranes, gantry cranes and bridge cranes
• Prodcom 28221440 - Tower cranes and portal or pedestal jib cranes
• Prodcom 28221450 - Self-propelled lifting equipment, of a kind mounted to run on rails in servicing building sites, quarries and the like
• Prodcom 28221460 - Lifting equipment designed for mounting on road vehicles
• Prodcom 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)

This report provides an in-depth analysis of the crane 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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