Hungary: Computing Machinery Market 2024

Computing Machinery Market Size in Hungary

In 2021, after four years of growth, there was significant decline in the Hungarian computing machinery market, when its value decreased by -40.9% to $X. Over the period under review, consumption recorded a mild shrinkage. As a result, consumption reached the peak level of $X, and then declined notably in the following year.

Computing Machinery Production in Hungary

In value terms, computing machinery production soared to $X in 2021 estimated in export price. Overall, production saw a abrupt downturn. Computing machinery production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Computing Machinery Exports

Exports from Hungary

After two years of growth, shipments abroad of computing machinery and parts and accessories thereof decreased by -18.4% to X tons in 2021. In general, exports, however, posted temperate growth. The growth pace was the most rapid in 2020 when exports increased by 260%. As a result, the exports reached the peak of X tons, and then declined markedly in the following year.

In value terms, computing machinery exports expanded slightly to $X in 2021. The total export value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

The Netherlands (X tons), Germany (X tons) and the United States (X tons) were the main destinations of computing machinery exports from Hungary, together accounting for 42% of total exports. Romania, the UK, Italy, Sweden, the Czech Republic, Mexico, Turkey, Japan, Spain and Poland lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +18.3%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and the United States ($X) were the largest markets for computing machinery exported from Hungary worldwide, with a combined 51% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +19.1%, 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 computing machinery export price stood at $X per ton in 2021, with an increase of 25% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 221% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into Hungary

In 2021, purchases abroad of computing machinery and parts and accessories thereof decreased by -38% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2020 with an increase of 253% against the previous year. As a result, imports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, computing machinery imports expanded modestly to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.5% against 2015 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 17%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of computing machinery imports to Hungary, together comprising 45% of total imports. These countries were followed by the Czech Republic, Slovakia, Malaysia, Austria, Poland, Taiwan (Chinese), France and Ukraine, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +23.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of computing machinery and parts and accessories thereof to Hungary, comprising 22% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total imports. It was followed by Malaysia, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.7% per year) and Malaysia (+27.5% per year).

Import Prices by Country

In 2021, the average computing machinery import price amounted to $X per ton, surging by 65% against the previous year. In general, the import price continues to indicate a modest increase. The pace of growth was the most pronounced in 2016 an increase of 180% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 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 Malaysia ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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