Hungary: Market for Ballasts For Discharge Lamps Or Tubes 2024

Market Size for Ballasts For Discharge Lamps Or Tubes in Hungary

The Hungarian ballast for discharge lamp market shrank slightly to $X in 2021, waning by -2.5% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Ballasts For Discharge Lamps Or Tubes in Hungary

In value terms, ballast for discharge lamp production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 11%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports from Hungary

In 2021, ballast for discharge lamp exports from Hungary soared to X units, surging by 105% against 2020 figures. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ballast for discharge lamp exports surged to $X in 2021. Over the period under review, total exports indicated a significant expansion from 2020 to 2021: its value increased at an average annual rate of +40.5% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X units) was the main destination for ballast for discharge lamp exports from Hungary, with a 80% share of total exports. Moreover, ballast for discharge lamp exports to the Netherlands exceeded the volume sent to the second major destination, Spain (X units), tenfold. Germany (X units) ranked third in terms of total exports with a 5.7% share.

From 2020 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled +116.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (0.0% per year) and Germany (+7.1% per year).

In value terms, the Netherlands ($X) remains the key foreign market for ballast for discharge lamp exports from Hungary, comprising 75% of total exports. The second position in the ranking was held by Spain ($X), with an 11% share of total exports. It was followed by Germany, with a 5.3% share.

From 2020 to 2021, the average annual growth rate of value to the Netherlands amounted to +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (0.0% per year) and Germany (-35.9% per year).

Export Prices by Country

The average ballast for discharge lamp export price stood at $X per unit in 2021, reducing by -31.6% against the previous year. In general, the export price continues to indicate a sharp setback. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then declined notably in the following year.

Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were Spain ($X per unit) and the Netherlands ($X per unit), while the average price for exports to Italy ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+170.9%), while the prices for the other major destinations experienced a decline.

Imports of Ballasts For Discharge Lamps Or Tubes

Imports into Hungary

In 2021, ballast for discharge lamp imports into Hungary dropped notably to X units, shrinking by -69.4% on the previous year's figure. In general, imports continue to indicate a dramatic descent. Imports peaked at X units in 2020, and then contracted notably in the following year.

In value terms, ballast for discharge lamp imports skyrocketed to $X in 2021. Overall, total imports indicated a significant increase from 2020 to 2021: its value increased at an average annual rate of +64.5% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Poland (X units) and Italy (X units) were the main suppliers of ballast for discharge lamp imports to Hungary, together comprising 78% of total imports.

From 2020 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +30.1%), while imports for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of ballast for discharge lamp to Hungary, comprising 76% of total imports. The second position in the ranking was taken by Italy ($X), with a 7.1% share of total imports. It was followed by China, with a 5% share.

From 2020 to 2021, the average annual rate of growth in terms of value from Germany stood at +125.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+82.3% per year) and China (+6.9% per year).

Import Prices by Country

In 2021, the average ballast for discharge lamp import price amounted to $X per unit, rising by 438% against the previous year. In general, the import price posted a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Slovakia ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1,623.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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