Hungary: Table-Tennis Equipment Market 2024

Table-Tennis Equipment Market Size in Hungary

In 2022, after five years of growth, there was significant decline in the Hungarian table-tennis equipment market, when its value decreased by -20.9% to $X. Overall, consumption, however, continues to indicate a resilient expansion. Table-tennis equipment consumption peaked at $X in 2021, and then contracted sharply in the following year.

Table-Tennis Equipment Production in Hungary

In value terms, table-tennis equipment production fell to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced downturn. The pace of growth appeared the most rapid in 2013 when the production volume increased by 58%. Table-tennis equipment production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Table-Tennis Equipment Exports

Exports from Hungary

After two years of growth, shipments abroad of articles and equipment for table-tennis decreased by -44.9% to X tons in 2022. Over the period under review, exports saw a noticeable decrease. The pace of growth was the most pronounced in 2013 when exports increased by 130%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, table-tennis equipment exports contracted dramatically to $X in 2022. Overall, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2016 when exports increased by 91% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined markedly in the following year.

Exports by Country

Germany (X tons), Serbia (X tons) and Slovakia (X tons) were the main destinations of table-tennis equipment exports from Hungary, together accounting for 88% of total exports. The United States, the UK, Turkey and Romania lagged somewhat behind, together comprising a further 5.6%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +118.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for articles and equipment for table-tennis exports from Hungary, comprising 71% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports. It was followed by Slovakia, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+116.0% per year) and Slovakia (+79.6% per year).

Export Prices by Country

The average table-tennis equipment export price stood at $X per ton in 2022, increasing by 32% against the previous year. Over the period under review, the export price enjoyed buoyant growth. The growth pace was the most rapid in 2018 an increase of 112% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Table-Tennis Equipment Imports

Imports into Hungary

In 2022, overseas purchases of articles and equipment for table-tennis decreased by -30.5% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 72% against the previous year. Imports peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, table-tennis equipment imports declined rapidly to $X in 2022. In general, imports, however, saw prominent growth. The growth pace was the most rapid in 2013 when imports increased by 81% against the previous year. Imports peaked at $X in 2021, and then contracted notably in the following year.

Imports by Country

Spain (X tons), Germany (X tons) and France (X tons) were the main suppliers of table-tennis equipment imports to Hungary, together comprising 65% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +39.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest table-tennis equipment suppliers to Hungary were France ($X), Spain ($X) and Belgium ($X), with a combined 67% share of total imports. Germany, China, Austria, Slovakia and Italy lagged somewhat behind, together comprising a further 31%.

Germany, with a CAGR of +34.6%, recorded the highest growth rate of the value of imports, among the main suppliers 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 table-tennis equipment import price amounted to $X per ton, picking up by 11% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 33% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 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 Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+73.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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