Hungary: Lawn Mower Market 2024

Lawn Mower Market Size in Hungary

The Hungarian lawn mower market surged to $X in 2022, growing by 28% against the previous year. Overall, consumption saw prominent growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Lawn Mower Production in Hungary

In value terms, lawn mower production shrank modestly to $X in 2022 estimated in export price. In general, production, however, saw a pronounced curtailment. The growth pace was the most rapid in 2017 with an increase of 30% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Lawn Mower Exports

Exports from Hungary

In 2022, the amount of mowers for lawns, parks, golf courses or sports grounds exported from Hungary declined dramatically to X units, which is down by -33.2% compared with the year before. Overall, exports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2014 when exports increased by 94% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, lawn mower exports contracted sharply to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 79% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for lawn mower exports from Hungary, accounting for a 47% share of total exports. Moreover, lawn mower exports to Germany exceeded the volume sent to the second major destination, Romania (X units), sixfold. The third position in this ranking was taken by Croatia (X units), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+14.5% per year) and Croatia (+9.5% per year).

In value terms, Germany ($X) remains the key foreign market for mowers for lawns, parks, golf courses or sports grounds exports from Hungary, comprising 62% of total exports. The second position in the ranking was taken by the UK ($X), with an 8.7% share of total exports. It was followed by Croatia, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+21.7% per year) and Croatia (+8.5% per year).

Export Prices by Country

The average lawn mower export price stood at $X per unit in 2022, increasing by 9.9% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lawn mower export price increased by +90.6% against 2015 indices. The most prominent rate of growth was recorded in 2021 an increase of 42%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Italy ($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 France (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Lawn Mower Imports

Imports into Hungary

In 2022, approx. X units of mowers for lawns, parks, golf courses or sports grounds were imported into Hungary; almost unchanged from the year before. In general, imports posted significant growth. The pace of growth was the most pronounced in 2014 with an increase of 58% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, lawn mower imports expanded rapidly to $X in 2022. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 72%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X units) constituted the largest lawn mower supplier to Hungary, with a 44% share of total imports. Moreover, lawn mower imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by the United States (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+36.7% per year) and the United States (+36.1% per year).

In value terms, Germany ($X), China ($X) and the United States ($X) appeared to be the largest lawn mower suppliers to Hungary, with a combined 72% share of total imports. Sweden, Italy, the Czech Republic, Slovakia, Poland, Slovenia and Austria lagged somewhat behind, together accounting for a further 25%.

Slovakia, with a CAGR of +64.1%, saw the highest growth rate of 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 2022, the average lawn mower import price amounted to $X per unit, picking up by 7.7% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 24% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 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 Sweden ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform