Hungary: Market for Drive-Axles with Differential and Non-Driving Axles 2025

Market Size for Drive-Axles with Differential and Non-Driving Axles in Hungary

The Hungarian driving and non-driving axle market rose significantly to $X in 2021, picking up by 7% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +112.8% against 2013 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Production of Drive-Axles with Differential and Non-Driving Axles in Hungary

In value terms, driving and non-driving axle production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 2.8%. As a result, production attained the peak level of $X, and then shrank slightly in the following year.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports from Hungary

In 2021, shipments abroad of drive-axles with differential and non-driving axles was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, driving and non-driving axle exports soared to $X in 2021. The total export value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for driving and non-driving axle exports from Hungary, with a 46% share of total exports. Moreover, driving and non-driving axle exports to Germany exceeded the volume sent to the second major destination, Sweden (X tons), sixfold. The third position in this ranking was held by France (X tons), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-8.3% per year) and France (+1.6% per year).

In value terms, Germany ($X) remains the key foreign market for driving and non-driving axle exports from Hungary, comprising 43% of total exports. The second position in the ranking was held by France ($X), with an 8.8% share of total exports. It was followed by the United States, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.6% per year) and the United States (-7.3% per year).

Export Prices by Country

In 2021, the average driving and non-driving axle export price amounted to $X per ton, increasing by 6.3% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 9.9%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Russia ($X per ton), while the average price for exports to Mexico ($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 Russia (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports into Hungary

In 2021, driving and non-driving axle imports into Hungary surged to X tons, with an increase of 36% against 2020. Overall, imports saw a strong increase. The pace of growth was the most pronounced in 2016 with an increase of 67%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, driving and non-driving axle imports soared to $X in 2021. Over the period under review, imports posted a prominent increase. The pace of growth was the most pronounced in 2016 when imports increased by 59%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest driving and non-driving axle supplier to Hungary, accounting for a 51% share of total imports. Moreover, driving and non-driving axle imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was taken by Portugal (X tons), with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+30.4% per year) and Portugal (+96.8% per year).

In value terms, Germany ($X) constituted the largest supplier of driving and non-driving axle to Hungary, comprising 58% of total imports. The second position in the ranking was held by Italy ($X), with a 10% share of total imports. It was followed by Japan, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+35.5% per year) and Japan (+1.0% per year).

Import Prices by Country

In 2021, the average driving and non-driving axle import price amounted to $X per ton, with an increase of 2% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 22%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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