Hungary: Spades And Shovels Market 2022

Spades And Shovels Market Size in Hungary

In 2021, the Hungarian spades and shovels market decreased by less than X% to $X for the first time since 2015, thus ending a five-year rising trend. Over the period under review, consumption, however, saw a buoyant expansion. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2021.

Spades And Shovels Exports

Exports from Hungary

Spades and shovels exports from Hungary surged to X tons in 2021, increasing by X% against the previous year. In general, exports recorded a mild increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, spades and shovels exports skyrocketed to $X in 2021. Over the period under review, exports showed a pronounced expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovakia (X tons), Germany (X tons) and Austria (X tons) were the main destinations of spades and shovels exports from Hungary, together accounting for X% of total exports.

From 2012 to 2021, the biggest increases were in Slovakia (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spades and shovels exported from Hungary were Austria ($X), Germany ($X) and Slovakia ($X), with a combined X% share of total exports.

Among the main countries of destination, Slovakia, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average spades and shovels export price amounted to $X per ton, declining by -X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Austria ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Spades And Shovels Imports

Imports into Hungary

Spades and shovels imports into Hungary rose notably to X tons in 2021, growing by X% on the previous year's figure. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, spades and shovels imports skyrocketed to $X in 2021. Overall, imports saw a strong increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and India (X tons) were the main suppliers of spades and shovels imports to Hungary, with a combined X% share of total imports. Mexico, Slovenia, Slovakia and the Netherlands lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Mexico ($X) appeared to be the largest spades and shovels suppliers to Hungary, with a combined X% share of total imports. These countries were followed by Slovenia, the Netherlands, India and Slovakia, which together accounted for a further X terms of the main suppliers, the Netherlands, with a CAGR of +X%, recorded the highest growth rate of 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

The average spades and shovels import price stood at $X per ton in 2021, remaining constant against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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