Hungary: Food Mixer Market 2024

Food Mixer Market Size in Hungary

In 2022, the Hungarian food mixer market increased by 10% to $X, rising for the third year in a row after three years of decline. Overall, consumption, however, recorded a slight shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Food Mixer Production in Hungary

In value terms, food mixer production reached $X in 2022 estimated in export price. In general, production, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 28% against the previous year. Food mixer production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Food Mixer Exports

Exports from Hungary

In 2022, food mixer exports from Hungary contracted dramatically to X units, with a decrease of -44.5% compared with the year before. Overall, exports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2014 when exports increased by 33%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, food mixer exports reduced markedly to $X in 2022. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 14% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X units), Ukraine (X units) and Slovakia (X units) were the main destinations of food mixer exports from Hungary, together accounting for 84% of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +33.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Ukraine ($X), Italy ($X) and Slovakia ($X) appeared to be the largest markets for food mixer exported from Hungary worldwide, with a combined 76% share of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +32.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average food mixer export price amounted to $X per unit, growing by 22% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Italy ($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 the Netherlands (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

Food Mixer Imports

Imports into Hungary

In 2022, supplies from abroad of domestic food grinders and mixers and fruit or vegetable juice extractors decreased by -27% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 48% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then plummeted in the following year.

In value terms, food mixer imports fell significantly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 44%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Slovakia (X units) were the main suppliers of food mixer imports to Hungary, with a combined 74% share of total imports. Hong Kong SAR, Slovenia, the Czech Republic and Poland lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +27.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of domestic food grinders and mixers and fruit or vegetable juice extractors to Hungary, comprising 33% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by Slovakia, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.0% per year) and Slovakia (+1.4% per year).

Import Prices by Country

The average food mixer import price stood at $X per unit in 2022, which is down by -10% against the previous year. In general, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 12%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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 Czech Republic ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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