Hungary: Non-Electric Chainsaw Market 2024

Non-Electric Chainsaw Market Size in Hungary

In 2022, the Hungarian non-electric chainsaw market increased by 2.5% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +23.7% against 2020 indices. Non-electric chainsaw consumption peaked in 2022 and is expected to retain growth in the immediate term.

Non-Electric Chainsaw Exports

Exports from Hungary

In 2022, non-electric chainsaw exports from Hungary skyrocketed to X units, jumping by 18% against 2021. Overall, exports recorded buoyant growth. The growth pace was the most rapid in 2019 when exports increased by 252% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, non-electric chainsaw exports reduced to $X in 2022. Over the period under review, exports showed a resilient increase. The pace of growth appeared the most rapid in 2019 when exports increased by 266%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Georgia (X units), Ukraine (X units) and the UK (X units) were the main destinations of non-electric chainsaw exports from Hungary, together comprising 89% of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +90.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electric chainsaw exported from Hungary were the UK ($X), Georgia ($X) and Ukraine ($X), with a combined 92% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +62.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-electric chainsaw export price stood at $X per unit in 2022, which is down by -25.2% against the previous year. In general, the export price showed a perceptible decline. The pace of growth was the most pronounced in 2014 when the average export price increased by 37%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 Belgium (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Electric Chainsaw Imports

Imports into Hungary

In 2022, purchases abroad of chainsaws with a self-contained non-electric motor increased by 3.6% to X units, rising for the second consecutive year after two years of decline. Overall, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 43%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, non-electric chainsaw imports expanded modestly to $X in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +36.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest non-electric chainsaw supplier to Hungary, accounting for a 53% share of total imports. Moreover, non-electric chainsaw imports from China exceeded the figures recorded by the second-largest supplier, Slovakia (X units), threefold. The third position in this ranking was taken by Sweden (X units), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+116.3% per year) and Sweden (+1.5% per year).

In value terms, the largest non-electric chainsaw suppliers to Hungary were China ($X), Germany ($X) and Sweden ($X), with a combined 82% share of total imports. Slovakia, the United States, Italy, the Czech Republic and Slovenia lagged somewhat behind, together accounting for a further 17%.

Slovakia, with a CAGR of +76.6%, recorded 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

In 2022, the average non-electric chainsaw import price amounted to $X per unit, stabilizing at the previous year. Overall, the import price, however, recorded a pronounced decline. The growth pace was the most rapid in 2020 an increase of 14% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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