Hungary: Market for Electric Burglar Or Fire Alarms And Similar Apparatus 2024

Market Size for Electric Burglar Or Fire Alarms And Similar Apparatus in Hungary

The Hungarian market for electric burglar or fire alarms and similar apparatus skyrocketed to $X in 2021, with an increase of 29% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.7% against 2019 indices. Electric burglar or fire alarm consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Electric Burglar Or Fire Alarms And Similar Apparatus

Exports from Hungary

In 2021, overseas shipments of electric burglar or fire alarms and similar apparatus increased by 23% to X units, rising for the fifth year in a row after two years of decline. Overall, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 140%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, electric burglar or fire alarm exports expanded sharply to $X in 2021. In general, exports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 77%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X units), Spain (X units) and the United Arab Emirates (X units) were the main destinations of electric burglar or fire alarm exports from Hungary, with a combined 68% share of total exports. Qatar, Ukraine, Slovakia, Croatia, Slovenia, Bosnia and Herzegovina, Bulgaria, the Czech Republic and Austria lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +184.7%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), the United Arab Emirates ($X) and Spain ($X) appeared to be the largest markets for electric burglar or fire alarm exported from Hungary worldwide, together accounting for 53% of total exports. These countries were followed by Qatar, Ukraine, the Czech Republic, Slovakia, Croatia, Bosnia and Herzegovina, Bulgaria, Austria and Slovenia, which together accounted for a further 28%.

Qatar, with a CAGR of +169.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for electric burglar or fire alarms and similar apparatus amounted to $X per unit, declining by -6.6% against the previous year. In general, the export price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2015 an increase of 34% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Austria ($X per unit), while the average price for exports to Slovenia ($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 Czech Republic (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Burglar Or Fire Alarms And Similar Apparatus

Imports into Hungary

In 2021, the amount of electric burglar or fire alarms and similar apparatus imported into Hungary skyrocketed to X units, picking up by 32% on 2020 figures. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.7% 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 +113.7% against 2017 indices. The pace of growth appeared the most rapid in 2019 with an increase of 55% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, electric burglar or fire alarm imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 39%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of electric burglar or fire alarm imports to Hungary, together accounting for 45% of total imports. The Czech Republic, the Netherlands, Poland, South Korea, Austria, Slovenia, Croatia, Canada and the UK lagged somewhat behind, together accounting for a further 50%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +104.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric burglar or fire alarm suppliers to Hungary were Germany ($X), Italy ($X) and the Netherlands ($X), together accounting for 48% of total imports. These countries were followed by Austria, China, South Korea, Poland, Canada, Croatia, the Czech Republic, the UK and Slovenia, which together accounted for a further 45%.

Croatia, with a CAGR of +94.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 electric burglar or fire alarms and similar apparatus amounted to $X per unit, waning by -8.7% against the previous year. Over the period under review, the import price showed a perceptible decline. The growth pace was the most rapid in 2017 an increase of 15% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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