Hungary: Binocular Market 2025

Binocular Market Size in Hungary

The Hungarian binocular market contracted notably to $X in 2021, waning by -82% against the previous year. Over the period under review, consumption, however, saw a buoyant expansion. Binocular consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Binocular Production in Hungary

In value terms, binocular production contracted to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 12% against the previous year. Binocular production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Binocular Exports

Exports from Hungary

In 2021, shipments abroad of binoculars increased by 697% to X units, rising for the second year in a row after five years of decline. In general, exports recorded a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, binocular exports rose markedly to $X in 2021. Over the period under review, exports, however, continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2020 when exports increased by 71%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for binocular exports from Hungary, accounting for a 90% share of total exports. It was followed by Germany (X units), with a 2.7% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Bosnia and Herzegovina totaled +35,781.2%.

In value terms, Bosnia and Herzegovina ($X) emerged as the key foreign market for binoculars exports from Hungary, comprising 40% of total exports. The second position in the ranking was held by Germany ($X), with an 8.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Bosnia and Herzegovina stood at +30,141.2%.

Export Prices by Country

In 2021, the average binocular export price amounted to $X per unit, dropping by -86.5% against the previous year. Overall, the export price recorded a dramatic descent. The most prominent rate of growth was recorded in 2020 an increase of 4.4% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Bosnia and Herzegovina stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (-19.4%).

Binocular Imports

Imports into Hungary

Binocular imports into Hungary dropped to X units in 2021, with a decrease of -10.2% against the previous year's figure. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 80%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, binocular imports expanded remarkably to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +11.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +47.7% against 2017 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 76% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest binocular supplier to Hungary, accounting for a 77% share of total imports. Moreover, binocular imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sevenfold. France (X units) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +28.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.8% per year) and France (+34.0% per year).

In value terms, the largest binocular suppliers to Hungary were Germany ($X), China ($X) and France ($X), together comprising 71% of total imports. These countries were followed by Spain, which accounted for a further 3.2%.

Spain, with a CAGR of +180.6%, 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

The average binocular import price stood at $X per unit in 2021, with an increase of 23% against the previous year. Overall, the import price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 97%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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