Hungary: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in Hungary

The Hungarian market for air conditioning machines for motor vehicles expanded slightly to $X in 2022, picking up by 3.7% against the previous year. In general, consumption recorded strong growth. Motor vehicle air conditioning machine consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Air Conditioning Machines For Motor Vehicles in Hungary

In value terms, motor vehicle air conditioning machine production stood at $X in 2022 estimated in export price. Overall, production posted a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 42% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Air Conditioning Machines For Motor Vehicles

Exports from Hungary

In 2022, overseas shipments of air conditioning machines for motor vehicles increased by 48% to X units, rising for the second consecutive year after three years of decline. Overall, exports, however, continue to indicate a deep reduction. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, motor vehicle air conditioning machine exports skyrocketed to $X in 2022. In general, exports, however, showed a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 63% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X units), the Netherlands (X units) and Italy (X units) were the main destinations of motor vehicle air conditioning machine exports from Hungary, together comprising 63% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +295.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Poland ($X) and Italy ($X) appeared to be the largest markets for motor vehicle air conditioning machine exported from Hungary worldwide, together comprising 63% of total exports.

The Netherlands, with a CAGR of +259.9%, recorded the highest growth rate of 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 2022, the average export price for air conditioning machines for motor vehicles amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 48%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into Hungary

In 2022, supplies from abroad of air conditioning machines for motor vehicles increased by 19% to X units, rising for the second consecutive year after two years of decline. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 510% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, motor vehicle air conditioning machine imports expanded sharply to $X in 2022. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 433%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, the Czech Republic (X units) constituted the largest supplier of motor vehicle air conditioning machine to Hungary, with a 85% share of total imports. Moreover, motor vehicle air conditioning machine imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Egypt (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic totaled +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+4,899.4% per year) and Germany (+12.8% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of air conditioning machines for motor vehicles to Hungary, comprising 76% of total imports. The second position in the ranking was held by Egypt ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic totaled +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+4,638.5% per year) and Germany (+8.4% per year).

Import Prices by Country

The average import price for air conditioning machines for motor vehicles stood at $X per unit in 2022, falling by -4.4% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 32%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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