Hungary: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in Hungary

The Hungarian centrifugal clothes-dryer market dropped to $X in 2021, reducing by -10.7% against the previous year. In general, consumption showed a slight contraction. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Centrifugal Clothes-Dryer Production in Hungary

In value terms, centrifugal clothes-dryer production fell dramatically to $X in 2021 estimated in export price. Overall, production saw a dramatic descent. The growth pace was the most rapid in 2020 with an increase of 1,694%. Centrifugal clothes-dryer production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Centrifugal Clothes-Dryer Exports

Exports from Hungary

Centrifugal clothes-dryer exports from Hungary dropped rapidly to X units in 2021, falling by -38.6% against 2020 figures. In general, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 126%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, centrifugal clothes-dryer exports dropped modestly to $X in 2021. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 272% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for centrifugal clothes-dryer exports from Hungary, with a 96% share of total exports. It was followed by Kosovo (X units), with a 2.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at -16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kosovo (-31.7% per year) and Slovakia (-13.6% per year).

In value terms, the UK ($X) remains the key foreign market for centrifugal clothes-dryers exports from Hungary, comprising 96% of total exports. The second position in the ranking was held by Kosovo ($X), with a 2.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK totaled -14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kosovo (+485.8% per year) and Slovakia (-21.9% per year).

Export Prices by Country

In 2021, the average centrifugal clothes-dryer export price amounted to $X per unit, growing by 62% against the previous year. Over the period under review, the export price enjoyed a moderate expansion. The pace of growth was the most pronounced in 2020 an increase of 64% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Slovakia ($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 Kosovo (+747.8%), while the prices for the other major destinations experienced more modest paces of growth.

Centrifugal Clothes-Dryer Imports

Imports into Hungary

After five years of growth, purchases abroad of centrifugal clothes-dryers decreased by -15.8% to X units in 2021. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 2,644% against the previous year. Imports peaked at X units in 2020, and then reduced rapidly in the following year.

In value terms, centrifugal clothes-dryer imports contracted to $X in 2021. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 9,478% against the previous year. Imports peaked at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, Turkey (X units) constituted the largest centrifugal clothes-dryer supplier to Hungary, with a 61% share of total imports. Moreover, centrifugal clothes-dryer imports from Turkey exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+2.9% per year) and Slovakia (+319.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of centrifugal clothes-dryers to Hungary, comprising 59% of total imports. The second position in the ranking was held by Poland ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+10.3% per year) and Slovakia (+278.7% per year).

Import Prices by Country

In 2021, the average centrifugal clothes-dryer import price amounted to $X per unit, growing by 8.3% against the previous year. Over the period under review, the import price recorded a slight increase. The pace of growth was the most pronounced in 2016 an increase of 3,239%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Slovakia ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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