Props for scaffolding, shuttering or pit-propping market in Hungary

Earlier Report Observations

The market volume for iron or steel props in Hungary grew from 21 137 tons in 2018 to 24 369 tons in 2020, an increase of over 15% across the two-year period. In value terms, the market expanded from $53.9 million to $61.5 million, though 2020 saw a slight dip compared to the previous year.

By 2023, the market volume had contracted sharply to 17 980 tons, a decline of more than 26% from the 2020 level. However, 2024 brought a partial recovery to 19 461 tons, while the market value surged to $76.1 million, significantly exceeding all previous peaks.

Production props for scaffolding, shuttering or pit-propping in Hungary

In value, 2018-2021, K $ US

Hungary's production of props for scaffolding, shuttering, or pit-propping has increased for the second year in a row. In 2020, the output was valued at 60 197 thousand US dollars, showing a modest rise of 2.3% compared to 2019. Over the period from 2018 to 2020, production grew by 2.7%, with an average annual growth rate of 0.9%.

Annual dynamics of production in Hungary in value, 2018-2021, K $ US

In kind, 2018-2021, t

In 2020, Hungary produced 22 864 tonnes of props for scaffolding, shuttering, or pit-propping, marking a 5.5% increase from the previous year. The lowest production level was recorded in 2019 at 21 677 tonnes, which also saw the largest decline of 5.4%.

Annual dynamics of production in Hungary in kind, 2018-2021, t

Exports props for scaffolding, shuttering or pit-propping from Hungary

Exports in kind, t

Exports of props for scaffolding, shuttering, or pit-propping from Hungary have declined for the third consecutive year. In 2021, Hungary exported 8 598 tonnes, representing a sharp drop of 29.1% compared to 2020. From 2018 to 2021, exports fell by 35.2%, with an average annual decrease of 13.4%.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, t

Between 2018 and 2021, three key markets—Austria, Germany, and the Netherlands—collectively accounted for 75.3% of Hungary's total exports in kind of props for scaffolding, shuttering, or pit-propping.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Hungary in kind, 2018-2021

Exports in value, K $ US

The value of exports for props for scaffolding, shuttering, or pit-propping from Hungary has decreased for the third year in a row. In 2021, exports were recorded at 25 929 thousand US dollars, down by 10.4% from 2020. Over the period from 2018 to 2021, exports declined by 20.9%, with an average annual reduction of 7.5%.

Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US

From 2018 to 2021, Germany, Austria, and the Netherlands were the primary buyers of props for scaffolding, shuttering, or pit-propping from Hungary in value terms. Germany accounted for 38.3% of exports, Austria for 28.5%, and the Netherlands for 8.9%, together making up 75.8% of total export value.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Hungary in value, 2018-2021

Imports props for scaffolding, shuttering or pit-propping to Hungary

Imports in kind, t

Imports of props for scaffolding, shuttering, or pit-propping into Hungary have fallen for the second consecutive year. In 2021, imports totaled 12 232 tonnes, a decrease of 10.3% compared to the previous year. Between 2018 and 2021, imports increased by 6.6%, with an average annual growth rate of 2.2%. The highest import volume was in 2019 at 14 360 tonnes, which also saw the largest increase of 25.2%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, t

During 2018–2021, Germany, Austria, and Poland were the leading sources for Hungary's imports in kind of props for scaffolding, shuttering, or pit-propping. Germany contributed 33.4% of imports, Austria 25.3%, and Poland 12.4%, together accounting for 71.1% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Hungary in kind, 2018-2021

Imports in value, K $ US

In 2021, the value of imported props for scaffolding, shuttering, or pit-propping into Hungary reached 35 367 thousand US dollars, a significant increase of 17.2% compared to 2020. Between 2018 and 2021, imports rose by 25.9%, with an average annual growth rate of 8.0%. The largest decline occurred in 2020 at 13.9%, while the largest increase was in 2019 at 24.8%.

Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US

From 2018 to 2021, Germany, Austria, and Poland stood out as the main markets for Hungary's imports in value terms of props for scaffolding, shuttering, or pit-propping. Germany represented 35.3% of imports, Austria 32.7%, and Poland 8.2%, collectively making up 76.2% of total import value.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Hungary in value, 2018-2021