In 2021, after two years of growth, the Hungarian hoisting equipment market experienced a significant decline, with its value falling by -X% to X dollars. Overall, however, consumption showed strong growth momentum. Lifting equipment consumption peaked at $X in 2020 before rapidly contracting the following year.
In value terms, hoisting equipment production in 2021 is estimated to reach X USD at export prices. Overall, however, production recorded a significant increase. The most significant growth rate occurred in 2018, with an increase of X%. Lifting equipment production peaked at $X in 2019; however, production failed to regain momentum from 2020 to 2021.
The export size of the lifting equipment market in Hungary
In 2021, Hungarian hoisting equipment exports surged to X units, a year-on-year increase of X%. Overall, exports showed strong growth. The growth rate was most pronounced in 2019, with an X% increase. As a result, exports peaked at X units. From 2020 to 2021, the growth rate of exports will remain at a low level.
Lifting equipment exports soar to $X in 2021 by value. Overall, exports have grown strongly. The most significant growth rate occurred in 2019, when exports increased by X%. As a result, exports peaked at X dollars. Export growth failed to regain momentum in 2020-21.
Germany (X units) is the main destination for Hungarian hoisting equipment exports, accounting for X% of total exports. In addition, exports of lifting equipment to Germany exceeded three times that to Kosovo (X units), the second largest destination. Serbia (X units) ranks third in total exports with a share of X%.
From 2012 to 2021, the average annual growth rate of shipments to Germany is +X%. Exports to other major destinations recorded the following average annual export growth rates: Kosovo (X% per annum) and Serbia (+X% per annum).
In value terms, Germany ($X) remains the main foreign market for Hungarian lifting equipment exports, accounting for X% of total exports. In second place is Serbia ($X) with X% of total exports. It was followed by Kosovo with an X% share.
From 2012 to 2021, the average annual growth rate of the value to Germany is +X%. Exports to other major destinations recorded the following average annual export growth rates: Serbia (+X% per annum) and Kosovo (X% per annum).
Import scale of lifting equipment in Hungary
In 2021, after two years of growth, the foreign supply of hoisting equipment decreased significantly, its quantity decreased by -X% to X units. Overall, imports have decreased significantly. The fastest growth was recorded in 2015, with imports increasing by X%. During the period under review, imports hit an all-time high for X units in 2020, before falling sharply the following year.
In value terms, hoisting equipment imports have shrunk significantly to $X in 2021. During the period under review, imports declined significantly. The most significant growth rate occurred in 2015, when imports increased by X% over the previous year. As a result, imports peaked at X dollars. Import growth will remain low between 2016 and 2021.
In 2021, Germany (X units) is the largest supplier of lifting equipment in Hungary, accounting for X% of total imports. In addition, the number of hoisting equipment imported from Germany was ten times higher than that recorded by the second largest supplier, France (X units).
From 2012 to 2021, the average annual growth rate of sales from Germany is -X%. The average annual growth rates of imports for the remaining supplier countries are as follows: France (+X% per annum) and the Netherlands (-X% per annum).
Germany (USD X) is the largest supplier of lifting equipment to Hungary by value, accounting for X% of total imports. In second place is France ($X) with X% of total imports.
From 2012 to 2021, the average annual growth rate of values from Germany is -X%. The average annual growth rates of imports for the remaining supplier countries are as follows: France (+X% per annum) and the Netherlands (-X% per annum).
Statistics of various crane suppliers in Hungary
Germany is Hungary’s largest supplier of lifting equipment by value, accounting for 79% of total imports. In second place is France, which accounts for 5.4% of total imports.
In terms of value, Germany remains the main foreign market for Hungarian lifting equipment exports, accounting for 82% of total exports. In second place is Serbia, which accounted for 6.5% of total exports. It is followed by Kosovo with a share of 4.8%.
The average export price of hoisting equipment in 2021 is US$1,455 per unit, a year-on-year decrease of -3.2%.
The average import price of hoisting equipment in 2021 will be US$2,047 per unit, a year-on-year increase of 110%.
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