Hungary: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2024

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Hungary

The Hungarian market for equipment for scaffolding, shuttering, propping or pit propping contracted sharply to $X in 2023, shrinking by X% against the previous year. Over the period under review, consumption saw a mild contraction. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Hungary

In value terms, scaffolding, shuttering, and propping equipment production dropped to $X in 2023 estimated in export price. In general, production saw a abrupt slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Scaffolding, shuttering, and propping equipment production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Hungary

In 2023, overseas shipments of equipment for scaffolding, shuttering, propping or pit propping increased by X% to X tons, rising for the second consecutive year after seven years of decline. Over the period under review, exports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports declined to $X in 2023. In general, exports, however, saw a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X tons), Austria (X tons) and Germany (X tons) were the main destinations of scaffolding, shuttering, and propping equipment exports from Hungary, with a combined X% share of total exports. Serbia, Croatia, Romania, Slovakia, the Czech Republic, Poland, Bulgaria, France and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Serbia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for scaffolding, shuttering, and propping equipment exported from Hungary were Austria ($X), Italy ($X) and Germany ($X), with a combined X% share of total exports. Romania, Serbia, Croatia, the Czech Republic, France, Slovakia, Poland, Bulgaria and the Netherlands lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 2023, the average export price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, falling by X% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, scaffolding, shuttering, and propping equipment export price decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Hungary

In 2023, the amount of equipment for scaffolding, shuttering, propping or pit propping imported into Hungary contracted rapidly to X tons, declining by X% against the previous year. In general, imports, however, saw measured growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2022, and then fell sharply in the following year.

In value terms, scaffolding, shuttering, and propping equipment imports declined dramatically to $X in 2023. Over the period under review, imports, however, posted prominent growth. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2022, and then dropped sharply in the following year.

Imports by Country

Italy (X tons), Germany (X tons) and Turkey (X tons) were the main suppliers of scaffolding, shuttering, and propping equipment imports to Hungary, together comprising X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest scaffolding, shuttering, and propping equipment suppliers to Hungary were Germany ($X), Austria ($X) and Turkey ($X), with a combined X% share of total imports.

Turkey, 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 import price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2023, which is down by X% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, scaffolding, shuttering, and propping equipment import price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform