Hungary: Market for Cabinets And Cases For Transmission And Reception Apparatus 2024

Market Size for Cabinets And Cases For Transmission And Reception Apparatus in Hungary

In 2021, the Hungarian receivers and transmitters case market increased by 7% to $X, rising for the seventh consecutive year after two years of decline. Over the period under review, consumption, however, enjoyed moderate growth. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Production of Cabinets And Cases For Transmission And Reception Apparatus in Hungary

In value terms, receivers and transmitters case production expanded markedly to $X in 2021 estimated in export price. In general, production, however, saw a abrupt setback. Receivers and transmitters case production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Cabinets And Cases For Transmission And Reception Apparatus

Exports from Hungary

For the third consecutive year, Hungary recorded growth in overseas shipments of cabinets and cases for transmission and reception apparatus, which increased by 96% to X units in 2021. Over the period under review, exports, however, saw a perceptible descent. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, receivers and transmitters case exports skyrocketed to $X in 2021. In general, exports enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for receivers and transmitters case exports from Hungary, with a 58% share of total exports. Moreover, receivers and transmitters case exports to Germany exceeded the volume sent to the second major destination, Russia (X units), fivefold. The third position in this ranking was taken by Slovakia (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +44.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-10.9% per year) and Slovakia (+7.0% per year).

In value terms, Germany ($X) remains the key foreign market for cabinets and cases for transmission and reception apparatus exports from Hungary, comprising 72% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 4.7% share of total exports. It was followed by Russia, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +35.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+5.8% per year) and Russia (-11.1% per year).

Export Prices by Country

In 2021, the average receivers and transmitters case export price amounted to $X per unit, jumping by 82% against the previous year. Overall, the export price saw a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+17.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cabinets And Cases For Transmission And Reception Apparatus

Imports into Hungary

Receivers and transmitters case imports into Hungary expanded slightly to X units in 2021, growing by 3.7% on 2020 figures. Over the period under review, imports saw notable growth. The most prominent rate of growth was recorded in 2019 when imports increased by 50%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, receivers and transmitters case imports surged to $X in 2021. Overall, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% 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 +115.2% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X units), China (X units) and Germany (X units) were the main suppliers of receivers and transmitters case imports to Hungary, together accounting for 69% of total imports. Slovenia, Hong Kong SAR, Taiwan (Chinese), Egypt, Mexico, Slovakia and South Korea lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +254.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest receivers and transmitters case suppliers to Hungary were China ($X), Vietnam ($X) and Hong Kong SAR ($X), together accounting for 72% of total imports. These countries were followed by Taiwan (Chinese), Slovenia, Germany, Mexico, South Korea, Slovakia and Egypt, which together accounted for a further 23%.

Egypt, with a CAGR of +289.2%, saw 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 receivers and transmitters case import price stood at $X per unit in 2021, increasing by 35% against the previous year. Overall, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 an increase of 57%. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 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 Taiwan (Chinese) ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform