Hungary Crane Market Study 2022

 After three years of growth, the Hungarian crane market fell -X% to X dollars in 2020. During the period under review, consumption contracted significantly. The most significant growth rate occurred in 2017, when the market capitalization increased by X% year-on-year. Crane consumption peaked at $X in 2008; however, from 2009 to 2020, consumption was at a lower level.

In terms of value, crane production shrank rapidly in 2020 to $2020 (estimated at export prices). During the period under review, production increased significantly. The most significant growth rate occurred in 2008, when production increased by X% year-on-year. As a result, production peaked at X dollars. From 2009 to 2020, the output growth rate remained at a low level.

Hungarian crane export scale

In 2020, overseas shipments of cranes and mobile cranes finally rose, reaching X units for the first time since 2013, ending a six-year downward trend. However, exports continued to decline significantly during the period under review. The most significant growth rate occurred in 2013, when exports increased by X% over the previous year. As a result, exports peaked at X units. From 2014 to 2020, export growth remained low.

In terms of value, crane exports surged to $X in 2020. Overall, however, exports continued to show a relatively flat trend pattern. The most significant growth rate occurred in 2013, when exports increased by X% over the previous year. As a result, exports peaked at X dollars. From 2014 to 2020, the growth rate of exports remained at a low level.

Romania (X units), Germany (X units) and Austria (X units) were the main destinations for Hungarian crane exports, accounting for X% of total exports. This was followed by Slovenia, Croatia, Slovakia, Poland, Lithuania, Serbia, Moldova, Belarus, Ukraine and France, which saw the largest growth in shipments between 2007 and 2020, with major Slovenia reaching the goal regional countries (+X% per annum), while exports from other countries experienced a more moderate pace of growth.

Romania ($X), Germany ($X) and Austria ($X) make up the world’s largest crane export market for Hungary in value terms, accounting for X% of total exports. This is followed by Slovenia, Slovakia, Poland, Lithuania, Croatia, France, Belarus, Serbia, Ukraine and Moldova, which recorded a new record X growth rate in export value (+ X% per annum) during the reporting period , the growth of freight traffic in major destination countries is relatively slow.

Hungarian crane import scale

After two years of growth, the number of cranes and mobile cranes purchased abroad in 2020 decreased by -X% to X units. Overall, imports fell slightly. The most significant growth rate occurred in 2019, with an X% increase compared to the previous year. Imports peaked at X units in 2008; however, from 2009 to 2020, imports failed to regain momentum.

In value terms, crane imports contracted significantly to $X in 2020. Overall, imports expanded moderately. The growth rate was the fastest in 2008, with a year-on-year increase of X%. As a result, imports peaked at X dollars. From 2009 to 2020, import growth remained low.

Italy (X units), Germany (X units) and the Netherlands (X units) are the main suppliers of crane imports to Hungary, together accounting for X% of total imports. This is followed by the Czech Republic, Poland and Austria, which have further increased their sourcing growth rates from 2007 to 2020, with the Czech Republic achieving the most significant sourcing growth among major suppliers, while Other leaders of imports experienced a more modest pace of growth.

The Netherlands ($X), Italy ($X) and Germany ($X) appear to be Hungary’s largest crane suppliers by value, together accounting for X% of total imports. Austria, Poland and the Czech Republic lagged other major suppliers to a certain extent, with the Czech Republic having the highest growth in import value during the period under review, while the sourcing leaders in other countries experienced more moderate growth.

Statistics of various crane suppliers in Hungary

The Netherlands, Italy and Germany are Hungary’s largest crane suppliers by value, together accounting for 75% of total imports. This is followed by Austria, Poland and the Czech Republic, which together account for 13%.

The largest markets for Hungarian crane exports by value are Romania, Germany and Austria, which together account for 56% of total exports. Slovenia, Slovakia, Poland, Lithuania, Croatia, France, Belarus, Serbia, Ukraine and Moldova lagged behind with a combined 34%.

In 2020, the average export price of cranes was USD 2,937 per unit, down -35% from the previous year.

The average import price of cranes in 2020 was $6,578 per unit, down -16.8% from the previous year.

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