Hungary: Ball Market 2024

Ball Market Size in Hungary

The Hungarian ball market reduced markedly to $X in 2022, with a decrease of -19.8% against the previous year. Overall, consumption, however, posted a prominent expansion. As a result, consumption reached the peak level of $X, and then reduced markedly in the following year.

Ball Production in Hungary

In value terms, ball production stood at $X in 2022 estimated in export price. Over the period under review, production saw a abrupt decline. The pace of growth was the most pronounced in 2014 with an increase of 280%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Ball Exports

Exports from Hungary

In 2022, shipments abroad of balls increased by 7.1% to X units, rising for the second year in a row after three years of decline. In general, exports, however, recorded a noticeable contraction. The growth pace was the most rapid in 2021 with an increase of 112% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, ball exports stood at $X in 2022. Over the period under review, exports, however, continue to indicate a slight setback. The pace of growth was the most pronounced in 2021 when exports increased by 81%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Serbia (X units), Slovakia (X units) and Romania (X units) were the main destinations of ball exports from Hungary, with a combined 59% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +30.6%), while the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Slovakia ($X) and Romania ($X) constituted the largest markets for ball exported from Hungary worldwide, with a combined 58% share of total exports.

Slovakia, with a CAGR of +30.4%, saw 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 ball export price amounted to $X per unit, reducing by -6% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 55% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the UK ($X per unit) and Croatia ($X per unit), while the average price for exports to Turkey ($X per unit) and Serbia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Imports

Imports into Hungary

After three years of growth, overseas purchases of balls decreased by -34.7% to X units in 2022. In general, imports, however, continue to indicate a perceptible expansion. The growth pace was the most rapid in 2021 when imports increased by 86%. As a result, imports attained the peak of X units, and then shrank significantly in the following year.

In value terms, ball imports shrank to $X in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 60%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

China (X units), France (X units) and Germany (X units) were the main suppliers of ball imports to Hungary, together comprising 58% of total imports. Poland, the Philippines, Spain, Austria, Slovakia and Pakistan lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +45.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), France ($X) and Poland ($X) were the largest ball suppliers to Hungary, with a combined 60% share of total imports.

Poland, with a CAGR of +54.4%, 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 ball import price amounted to $X per unit, jumping by 44% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average import price increased by 44%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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 Poland ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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