Hungary: Bar Draw-Bench Market 2024

Bar Draw-Bench Market Size in Hungary

For the third year in a row, the Hungarian bar draw-bench market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption showed a dramatic setback. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Bar Draw-Bench Production in Hungary

In value terms, bar draw-bench production dropped to $X in 2022 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 2019 when the production volume increased by X% against the previous year. Bar draw-bench production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Bar Draw-Bench Exports

Exports from Hungary

In 2022, overseas shipments of draw-benches for bars, tubes, profiles, wire or the like increased by X% to X units, rising for the second year in a row after two years of decline. In general, exports posted prominent growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, bar draw-bench exports soared to $X in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Austria (X units) was the main destination for bar draw-bench exports from Hungary, accounting for a X% share of total exports. Moreover, bar draw-bench exports to Austria exceeded the volume sent to the second major destination, Egypt (X units), twofold. Thailand (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Thailand (X% per year).

In value terms, the largest markets for bar draw-bench exported from Hungary were Egypt ($X), Thailand ($X) and Morocco ($X), with a combined X% share of total exports. Austria and Turkey lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Austria, with a CAGR of X%, saw 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

In 2022, the average bar draw-bench export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Turkey ($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 Austria (X%).

Bar Draw-Bench Imports

Imports into Hungary

In 2022, supplies from abroad of draw-benches for bars, tubes, profiles, wire or the like increased by X% to X units, rising for the second consecutive year after three years of decline. In general, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, bar draw-bench imports skyrocketed to $X in 2022. Overall, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Turkey (X units) and Italy (X units) were the main suppliers of bar draw-bench imports to Hungary, together accounting for X% of total imports.

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

In value terms, Turkey ($X), Italy ($X) and China ($X) constituted the largest bar draw-bench suppliers to Hungary, with a combined X% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average bar draw-bench import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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