Overview of the Market for Scaffolding, Shuttering, and Propping Equipment in Hungary
Market Overview
The Hungarian market for equipment for scaffolding, shuttering, propping or pit propping surged to $
in 2019, picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of % against the previous year. Scaffolding, shuttering, and propping equipment consumption peaked at $ in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.
In value terms, scaffolding, shuttering, and propping equipment production totaled $ in 2019 estimated in export prices. In general, production, however, saw a deep contraction. The most prominent rate of growth was recorded in 2011 when the production volume increased by % year-to-year. Scaffolding, shuttering, and propping equipment production peaked at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.
in 2019, picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of % against the previous year. Scaffolding, shuttering, and propping equipment consumption peaked at $ in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.In value terms, scaffolding, shuttering, and propping equipment production totaled $
in 2019 estimated in export prices. In general, production, however, saw a deep contraction. The most prominent rate of growth was recorded in 2011 when the production volume increased by % year-to-year. Scaffolding, shuttering, and propping equipment production peaked at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.Consumption
In 2019, approx. tonnes of equipment for scaffolding, shuttering, propping or pit propping were consumed in Hungary; picking up by % against the previous year's figure. Over the period under review, consumption, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. Over the period under review, consumption reached the peak volume at tonnes in 2008; however, from 2009 to 2019, consumption remained at a lower figure.
The value of the market for equipment for scaffolding, shuttering, propping or pit propping in Hungary soared to $ in 2019, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.
tonnes of equipment for scaffolding, shuttering, propping or pit propping were consumed in Hungary; picking up by % against the previous year's figure. Over the period under review, consumption, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. Over the period under review, consumption reached the peak volume at tonnes in 2008; however, from 2009 to 2019, consumption remained at a lower figure.The value of the market for equipment for scaffolding, shuttering, propping or pit propping in Hungary soared to $
in 2019, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.Market Forecast
Depressed by shrinking demand for scaffolding, shuttering, and propping equipment in Hungary, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Hungary increased significantly over the last twelve years (from % to %).
% to %).Trade Balance
Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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