Hungary: Appliance Part Brush Market 2024

Appliance Part Brush Market Size in Hungary

The Hungarian appliance part brush market fell sharply to $X in 2022, waning by -72.9% against the previous year. In general, consumption recorded a abrupt slump. As a result, consumption reached the peak level of $X, and then declined notably in the following year.

Appliance Part Brush Production in Hungary

In value terms, appliance part brush production dropped modestly to $X in 2022 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +10.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 164%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Appliance Part Brush Exports

Exports from Hungary

In 2022, approx. X units of brushes constituting parts of appliances were exported from Hungary; which is down by -1.8% compared with the previous year's figure. Over the period under review, total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +10.7% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 74%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, appliance part brush exports declined modestly to $X in 2022. Overall, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2013 when exports increased by 141% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for appliance part brush exports from Hungary, with a 61% share of total exports. Moreover, appliance part brush exports to Belgium exceeded the volume sent to the second major destination, the United States (X units), sixfold. Switzerland (X units) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium amounted to +110.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+15.2% per year) and Switzerland (+135.7% per year).

In value terms, Belgium ($X), the United States ($X) and Switzerland ($X) were the largest markets for appliance part brush exported from Hungary worldwide, together comprising 70% of total exports. Ukraine, Denmark, Germany, France, Sweden and the Netherlands lagged somewhat behind, together comprising a further 18%.

Sweden, with a CAGR of +140.8%, 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 appliance part brush export price amounted to $X per unit, reducing by -3.2% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, appliance part brush export price increased by +17.6% against 2020 indices. The pace of growth was the most pronounced in 2019 an increase of 49% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Appliance Part Brush Imports

Imports into Hungary

In 2022, approx. X units of brushes constituting parts of appliances were imported into Hungary; dropping by -58.3% compared with 2021 figures. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, appliance part brush imports fell markedly to $X in 2022. Over the period under review, imports showed a perceptible downturn. The growth pace was the most rapid in 2021 when imports increased by 162% against the previous year. As a result, imports attained the peak of $X, and then plummeted in the following year.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of appliance part brush imports to Hungary, with a combined 87% share of total imports. Sweden, the Netherlands, Slovakia and Hong Kong SAR lagged somewhat behind, together comprising a further 6.2%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +37.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Italy ($X) appeared to be the largest appliance part brush suppliers to Hungary, with a combined 74% share of total imports. Slovakia, the Netherlands, Sweden and Hong Kong SAR lagged somewhat behind, together accounting for a further 7.5%.

Slovakia, with a CAGR of +38.7%, saw the highest rates of growth with regard to the value of imports, in terms of 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 appliance part brush import price stood at $X per unit in 2022, with a decrease of -20.2% against the previous year. In general, the import price, however, continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 66%. As a result, import price reached the peak level of $X per unit, and then contracted sharply in the following year.

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 Slovakia ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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