Hungary: Billiard Accessoires Market 2024

Billiard Accessoires Market Size in Hungary

The Hungarian billiard accessoires market surged to $X in 2022, growing by 49% 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). In general, consumption enjoyed resilient growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Billiard Accessoires Exports

Exports from Hungary

In 2022, after four years of growth, there was significant decline in shipments abroad of articles and accessories for billiards, when their volume decreased by -56.8% to X tons. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 5,789% against the previous year. The exports peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, billiard accessoires exports reduced sharply to $X in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 7,095% against the previous year. The exports peaked at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Serbia (X tons) was the main destination for billiard accessoires exports from Hungary, accounting for a 70% share of total exports. Moreover, billiard accessoires exports to Serbia exceeded the volume sent to the second major destination, Slovakia (X tons), fourfold. Romania (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Serbia totaled +31.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+41.2% per year) and Romania (+46.6% per year).

In value terms, Serbia ($X) remains the key foreign market for articles and accessories for billiards exports from Hungary, comprising 68% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 19% share of total exports. It was followed by Romania, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to Serbia stood at +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+42.9% per year) and Romania (+51.3% per year).

Export Prices by Country

The average billiard accessoires export price stood at $X per ton in 2022, increasing by 78% against the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Romania ($X per ton) and Slovakia ($X per ton), while the average price for exports to Serbia ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+125.4%), while the prices for the other major destinations experienced more modest paces of growth.

Billiard Accessoires Imports

Imports into Hungary

In 2022, purchases abroad of articles and accessories for billiards decreased by -22.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 139% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then declined markedly in the following year.

In value terms, billiard accessoires imports dropped to $X in 2022. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 160% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

China (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of billiard accessoires imports to Hungary, together accounting for 55% of total imports. Taiwan (Chinese), Italy, Belgium, Hong Kong SAR and Slovakia lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +75.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest billiard accessoires suppliers to Hungary were the Netherlands ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for 51% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +72.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average billiard accessoires import price amounted to $X per ton, rising by 20% against the previous year. In general, the import price continues to indicate a prominent increase. The pace of growth was the most pronounced in 2018 an increase of 70%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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