Hungary: Amplifier Market 2024

Amplifier Market Size in Hungary

The Hungarian amplifier market skyrocketed to $X in 2022, growing by 32% against the previous year. Overall, consumption showed a buoyant increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Amplifier Production in Hungary

In value terms, amplifier production surged to $X in 2022 estimated in export price. Over the period under review, production recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 305%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Amplifier Exports

Exports from Hungary

For the fifth year in a row, Hungary recorded growth in overseas shipments of amplifiers, which increased by 19% to X units in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 431%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, amplifier exports reached $X in 2022. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 386%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X units) was the main destination for amplifier exports from Hungary, with a 49% share of total exports. Moreover, amplifier exports to Germany exceeded the volume sent to the second major destination, Luxembourg (X units), eightfold. The third position in this ranking was taken by Sweden (X units), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +37.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+1,890.3% per year) and Sweden (+48.8% per year).

In value terms, Germany ($X) remains the key foreign market for amplifiers exports from Hungary, comprising 39% of total exports. The second position in the ranking was held by Sweden ($X), with a 17% share of total exports. It was followed by the UK, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +29.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+28.4% per year) and the UK (+115.1% per year).

Export Prices by Country

The average amplifier export price stood at $X per unit in 2022, shrinking by -11.7% against the previous year. In general, the export price showed a noticeable setback. The growth pace was the most rapid in 2015 when the average export price increased by 40%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to the Philippines ($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 Luxembourg (+317.9%), while the prices for the other major destinations experienced more modest paces of growth.

Amplifier Imports

Imports into Hungary

In 2022, purchases abroad of amplifiers decreased by -1.9% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 99%. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, amplifier imports fell modestly to $X in 2022. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 62% against the previous year. Imports peaked at $X in 2021, and then shrank modestly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of amplifier to Hungary, accounting for a 57% share of total imports. Moreover, amplifier imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Mexico (X units) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +51.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.7% per year) and Mexico (+12.7% per year).

In value terms, China ($X) constituted the largest supplier of amplifiers to Hungary, comprising 33% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total imports. It was followed by Mexico, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +44.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+21.6% per year) and Mexico (+9.6% per year).

Import Prices by Country

The average amplifier import price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. In general, the import price, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 57%. As a result, import price attained the peak level of $X per unit. From 2019 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 Belgium ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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