Hungary: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA in Hungary

The Hungarian market for diesel or semi-diesel electric generating sets of output under X kVA contracted sharply to $X in 2021, shrinking by -16% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020, and then fell rapidly in the following year.

Production of Diesel or Semi-Diesel Electric Generating Sets of Output Under X kVA in Hungary

In value terms, production of diesel or semi-diesel electric generating sets of output under X kVA contracted notably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 75%. Production of peaked at $X in 2020, and then declined remarkably in the following year.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Exports from Hungary

For the third consecutive year, Hungary recorded growth in overseas shipments of diesel or semi-diesel electric generating sets of output under X kVA, which increased by 61% to X units in 2021. In general, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2019 when exports increased by 513%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, exports of diesel or semi-diesel electric generating sets of output under X kVA totaled $X in 2021. Overall, exports enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2019 with an increase of 461% against the previous year. Over the period under review, the exports of attained the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

The UK (X units), Ukraine (X units) and Romania (X units) were the main destinations of exports of diesel or semi-diesel electric generating sets of output under X kVA from Hungary, together accounting for 93% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +142.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diesel or semi-diesel electric generating set of output under X kVA exported from Hungary were the UK ($X), Ukraine ($X) and Romania ($X), with a combined 88% share of total exports.

Among the main countries of destination, Ukraine, with a CAGR of +94.1%, recorded the highest growth rate of 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 export price for diesel or semi-diesel electric generating sets of output under X kVA stood at $X per unit in 2021, waning by -35.4% against the previous year. Over the period under review, the export price saw a perceptible descent. The growth pace was the most rapid in 2015 an increase of 308%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, 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 Czech Republic ($X per unit), while the average price for exports to Croatia ($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 the UK (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Imports into Hungary

Imports of diesel or semi-diesel electric generating sets of output under X kVA into Hungary soared to X units in 2021, growing by 24% compared with the year before. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 94% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imports of diesel or semi-diesel electric generating sets of output under X kVA skyrocketed to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +10.0% 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 +64.6% against 2017 indices. The pace of growth was the most pronounced in 2015 when imports increased by 36% against the previous year. Over the period under review, imports of reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of diesel or semi-diesel electric generating set of output under X kVA to Hungary, with a 44% share of total imports. Moreover, imports of diesel or semi-diesel electric generating sets of output under X kVA from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The third position in this ranking was held by Spain (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +35.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+15.5% per year) and Spain (+86.4% per year).

In value terms, the largest diesel or semi-diesel electric generating set of output under X kVA suppliers to Hungary were Turkey ($X), Italy ($X) and Spain ($X), together comprising 59% of total imports. These countries were followed by China, France, Romania, Portugal and the UK, which together accounted for a further 32%.

Among the main suppliers, Romania, with a CAGR of +140.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for diesel or semi-diesel electric generating sets of output under X kVA amounted to $X per unit, waning by -2.6% against the previous year. Overall, the import price saw a mild slump. The pace of growth appeared the most rapid in 2015 when the average import price increased by 33%. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Portugal ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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