Hungary: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in Hungary

In 2022, the Hungarian non-self-propelled fork-lift truck market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption posted a perceptible increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Self-Propelled Fork-Lift Truck Production in Hungary

In value terms, non-self-propelled fork-lift truck production reduced notably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt setback. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Non-Self-Propelled Fork-Lift Truck Exports

Exports from Hungary

Non-self-propelled fork-lift truck exports from Hungary soared to X units in 2022, increasing by X% compared with 2021 figures. Overall, exports continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, non-self-propelled fork-lift truck exports surged to $X in 2022. Over the period under review, exports posted measured growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Bulgaria (X units), France (X units) and Slovakia (X units) were the main destinations of non-self-propelled fork-lift truck exports from Hungary, with a combined X% share of total exports. The Czech Republic, North Macedonia, Romania, Croatia, Germany and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), North Macedonia ($X) and Bulgaria ($X) appeared to be the largest markets for non-self-propelled fork-lift truck exported from Hungary worldwide, with a combined X% share of total exports.

North Macedonia, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average non-self-propelled fork-lift truck export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Slovakia ($X 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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Self-Propelled Fork-Lift Truck Imports

Imports into Hungary

In 2022, the amount of non-self-propelled fork-lift trucks imported into Hungary soared to X units, rising by X% compared with the previous year's figure. Overall, imports saw prominent growth. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, non-self-propelled fork-lift truck imports soared to $X in 2022. In general, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), Ireland (X units) and Belgium (X units) were the main suppliers of non-self-propelled fork-lift truck imports to Hungary, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Ireland ($X) and Belgium ($X) constituted the largest non-self-propelled fork-lift truck suppliers to Hungary, together accounting for X% of total imports.

Ireland, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-self-propelled fork-lift truck import price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price posted a modest expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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