Report Update Nov 1, 2024

Hungary - Electric Soldering Irons and Guns - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in Hungary

The Hungarian electric soldering iron market fell rapidly to $X in 2022, which is down by X% against the previous year. Overall, consumption showed a deep setback. Electric soldering iron consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Electric Soldering Iron Production in Hungary

In value terms, electric soldering iron production dropped notably to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible contraction. The pace of growth was the most pronounced in 2019 when the production volume increased by X,200%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Electric Soldering Iron Exports

Exports from Hungary

In 2022, exports of electric soldering irons and guns from Hungary surged to X units, jumping by X% against 2021. In general, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, electric soldering iron exports rose remarkably to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Slovakia (X units) and Serbia (X units) were the main destinations of electric soldering iron exports from Hungary, with a combined X% share of total exports. Romania, New Zealand, the UK, Croatia and Ukraine lagged somewhat behind, together accounting for a further X%.

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

In value terms, the United States ($X), Slovakia ($X) and Serbia ($X) appeared to be the largest markets for electric soldering iron exported from Hungary worldwide, with a combined X% share of total exports. Romania, New Zealand, the UK, Croatia and Ukraine lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the UK, with a CAGR of X%, recorded 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

The average electric soldering iron export price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price recorded a deep downturn. The growth pace was the most rapid in 2018 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were New Zealand ($X per unit) and the UK ($X per unit), while the average price for exports to the United States ($X per unit) and Slovakia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (X%), while the prices for the other major destinations experienced a decline.

Electric Soldering Iron Imports

Imports into Hungary

In value terms, electric soldering iron imports expanded slightly to $X in 2022. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In value terms, China ($X), Germany ($X) and Austria ($X) were the largest electric soldering iron suppliers to Hungary, together comprising X% of total imports. Spain, the Czech Republic, Poland and Slovakia lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded 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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric soldering irons and guns in the world?

The country with the largest volume of electric soldering iron consumption was South Africa, comprising approx. 46% of total volume. Moreover, electric soldering iron consumption in South Africa exceeded the figures recorded by the second-largest consumer, China, fivefold. The third position in this ranking was occupied by the United States, with a 7.7% share.

What are the largest producers of electric soldering irons and guns in the world?

China remains the largest electric soldering iron producing country worldwide, comprising approx. 57% of total volume. Moreover, electric soldering iron production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. The third position in this ranking was occupied by Mexico, with a 4.9% share.

What are the leading suppliers of electric soldering irons and guns to Hungary?

In value terms, the largest electric soldering iron suppliers to Hungary were China, Germany and Poland, with a combined 84% share of total imports.

What are the leading importers of electric soldering irons and guns from Hungary?

In value terms, the United States remains the key foreign market for electric soldering iron exports from Hungary, comprising 57% of total exports. The second position in the ranking was occupied by Romania, with a 7.7% share of total exports. It was followed by New Zealand, with a 5.3% share.

What is the average export price for electric soldering irons and guns in Hungary?

The average electric soldering iron export price stood at $11 per unit in 2021, reducing by -4.5% against the previous year.

What is the average import price for electric soldering irons and guns in Hungary?

The average electric soldering iron import price stood at $1.9 per unit in 2021, declining by -20.5% against the previous year.

This report provides an in-depth analysis of the electric soldering iron market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27903109 - Electric soldering irons and guns

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023