Hungary: Brakes And Servo-Brakes Market 2025

Brakes And Servo-Brakes Market Size in Hungary

In 2022, the Hungarian brakes and servo-brakes market increased by 24% to $X, rising for the fourth consecutive year after three years of decline. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +119.1% against 2018 indices. Brakes and servo-brakes consumption peaked in 2022 and is likely to see gradual growth in the near future.

Brakes And Servo-Brakes Production in Hungary

In value terms, brakes and servo-brakes production fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2016 when the production volume increased by 26% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Brakes And Servo-Brakes Exports

Exports from Hungary

In 2022, overseas shipments of brakes and servo-brakes decreased by -27.2% to X tons, falling for the fourth consecutive year after four years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 22%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, brakes and servo-brakes exports dropped remarkably to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 25% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for brakes and servo-brakes exports from Hungary, with a 38% share of total exports. Moreover, brakes and servo-brakes exports to Germany exceeded the volume sent to the second major destination, Romania (X tons), fourfold. The third position in this ranking was taken by Poland (X tons), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+17.5% per year) and Poland (+4.0% per year).

In value terms, Germany ($X) remains the key foreign market for brakes and servo-brakes exports from Hungary, comprising 35% of total exports. The second position in the ranking was taken by Romania ($X), with a 10% share of total exports. It was followed by Poland, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+9.2% per year) and Poland (+1.8% per year).

Export Prices by Country

In 2022, the average brakes and servo-brakes export price amounted to $X per ton, falling by -3.3% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 16% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($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 Slovakia (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Brakes And Servo-Brakes Imports

Imports into Hungary

In 2022, the amount of brakes and servo-brakes imported into Hungary rose to X tons, increasing by 4.2% on the year before. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +8.3% 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 +61.1% against 2017 indices. The pace of growth was the most pronounced in 2014 when imports increased by 34%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, brakes and servo-brakes imports expanded modestly to $X in 2022. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 56% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest brakes and servo-brakes supplier to Hungary, accounting for a 49% share of total imports. Moreover, brakes and servo-brakes imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+44.3% per year) and Belgium (+26.8% per year).

In value terms, Germany ($X) constituted the largest supplier of brakes and servo-brakes to Hungary, comprising 62% of total imports. The second position in the ranking was held by China ($X), with an 8.9% share of total imports. It was followed by Poland, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+48.6% per year) and Poland (+7.8% per year).

Import Prices by Country

In 2022, the average brakes and servo-brakes import price amounted to $X per ton, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2019 an increase of 23% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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