Hungary: Electrical Signalling Apparatus Market 2025

Electrical Signalling Apparatus Market Size in Hungary

The Hungarian electrical signalling apparatus market rose rapidly to $X in 2022, growing by 9.6% against the previous year. Over the period under review, consumption, however, saw a perceptible downturn. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Electrical Signalling Apparatus Production in Hungary

In value terms, electrical signalling apparatus production expanded sharply to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by 34% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Electrical Signalling Apparatus Exports

Exports from Hungary

In 2022, exports of electrical apparatus for sound or visual signalling from Hungary declined rapidly to X units, reducing by -20.7% against 2021 figures. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 47%. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical signalling apparatus exports contracted significantly to $X in 2022. In general, exports, however, saw a measured expansion. The pace of growth was the most pronounced in 2013 with an increase of 81% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for electrical signalling apparatus exports from Hungary, accounting for a 45% share of total exports. Moreover, electrical signalling apparatus exports to Germany exceeded the volume sent to the second major destination, Turkey (X units), fivefold. The third position in this ranking was taken by Poland (X units), with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+28.5% per year) and Poland (+5.5% per year).

In value terms, Germany ($X) remains the key foreign market for electrical apparatus for sound or visual signalling exports from Hungary, comprising 49% of total exports. The second position in the ranking was held by Poland ($X), with a 6.3% share of total exports. It was followed by the Czech Republic, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+8.0% per year) and the Czech Republic (+1.1% per year).

Export Prices by Country

The average electrical signalling apparatus export price stood at $X per unit in 2022, with a decrease of -2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2013 an increase of 32%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Serbia ($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 Slovakia (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Signalling Apparatus Imports

Imports into Hungary

In 2022, approx. X units of electrical apparatus for sound or visual signalling were imported into Hungary; leveling off at 2021. Over the period under review, imports showed a perceptible setback. The pace of growth appeared the most rapid in 2020 with an increase of 107% against the previous year. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical signalling apparatus imports reduced modestly to $X in 2022. In general, imports, however, posted mild growth. The growth pace was the most rapid in 2015 when imports increased by 135%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X units) constituted the largest supplier of electrical signalling apparatus to Hungary, accounting for a 46% share of total imports. Moreover, electrical signalling apparatus imports from France exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Germany (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.0% per year) and Germany (-9.9% per year).

In value terms, the largest electrical signalling apparatus suppliers to Hungary were France ($X), the Netherlands ($X) and Germany ($X), with a combined 62% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +27.4%, recorded the highest growth rate of 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

In 2022, the average electrical signalling apparatus import price amounted to $X per unit, leveling off at the previous year. In general, the import price, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 159% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Italy ($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 United States (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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