Hungary: Market for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam 2024

Market Size for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in Hungary

In 2022, the Hungarian market for central heating boilers, for producing hot water or low pressure steam decreased by -68.8% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption faced a abrupt contraction. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in Hungary

In value terms, production of central heating boilers, for producing hot water or low pressure steam shrank to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable slump. The pace of growth was the most pronounced in 2021 with an increase of 31%. Over the period under review, production of reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Exports from Hungary

In 2022, after two years of growth, there was significant decline in shipments abroad of central heating boilers, for producing hot water or low pressure steam, when their volume decreased by -6.5% to X units. In general, exports, however, recorded a slight expansion. The pace of growth was the most pronounced in 2020 when exports increased by 61% against the previous year. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam skyrocketed to $X in 2022. Over the period under review, exports, however, posted a temperate increase. The pace of growth was the most pronounced in 2020 when exports increased by 52%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X units) was the main destination for exports of central heating boilers, for producing hot water or low pressure steam from Hungary, with a 57% share of total exports. Moreover, exports of central heating boilers, for producing hot water or low pressure steam to Germany exceeded the volume sent to the second major destination, Romania (X units), threefold. The third position in this ranking was taken by Austria (X units), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+9.9% per year) and Austria (-10.2% per year).

In value terms, Germany ($X) remains the key foreign market for central heating boilers, for producing hot water or low pressure steam exports from Hungary, comprising 56% of total exports. The second position in the ranking was held by Austria ($X), with a 23% share of total exports. It was followed by Romania, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-3.4% per year) and Romania (+8.6% per year).

Export Prices by Country

In 2022, the average export price for central heating boilers, for producing hot water or low pressure steam amounted to $X per unit, with an increase of 36% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Romania ($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 Austria (+7.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Imports into Hungary

In 2022, imports of central heating boilers, for producing hot water or low pressure steam into Hungary contracted to X units, falling by -7.3% on 2021. Overall, imports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 27%. Over the period under review, imports of reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam rose modestly to $X in 2022. In general, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2017 with an increase of 21% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Italy (X units) constituted the largest central heating boilers, for producing hot water or low pressure steam supplier to Hungary, with a 38% share of total imports. Moreover, imports of central heating boilers, for producing hot water or low pressure steam from Italy exceeded the figures recorded by the second-largest supplier, Slovakia (X units), twofold. The third position in this ranking was held by Turkey (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+13.7% per year) and Turkey (-9.6% per year).

In value terms, Italy ($X) constituted the largest supplier of central heating boilers, for producing hot water or low pressure steam to Hungary, comprising 41% of total imports. The second position in the ranking was held by Slovakia ($X), with an 18% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+24.2% per year) and Germany (+1.5% per year).

Import Prices by Country

In 2022, the average import price for central heating boilers, for producing hot water or low pressure steam amounted to $X per unit, picking up by 9.5% against the previous year. In general, the import price recorded strong growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by 33%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 the Netherlands ($X per unit), while the price for China ($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 Czech Republic (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :