Hungary: Electro-Magnetic Coupling Market 2025

Electro-Magnetic Coupling Market Size in Hungary

The Hungarian electro-magnetic coupling market shrank sharply to $X in 2022, reducing by -23% against the previous year. Overall, consumption saw a precipitous contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Electro-Magnetic Coupling Production in Hungary

In value terms, electro-magnetic coupling production amounted to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. Electro-magnetic coupling production peaked in 2022 and is expected to retain growth in the near future.

Electro-Magnetic Coupling Exports

Exports from Hungary

In 2022, overseas shipments of electro-magnetic couplings, clutches and brakes increased by 736% to X tons for the first time since 2014, thus ending a seven-year declining trend. Over the period under review, exports saw a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electro-magnetic coupling exports skyrocketed to $X in 2022. In general, exports showed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for electro-magnetic coupling exports from Hungary, with a 75% share of total exports. Moreover, electro-magnetic coupling exports to Germany exceeded the volume sent to the second major destination, South Korea (X tons), more than tenfold. Poland (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+103.4% per year) and Poland (+28.8% per year).

In value terms, Germany ($X) emerged as the key foreign market for electro-magnetic couplings, clutches and brakes exports from Hungary, comprising 75% of total exports. The second position in the ranking was held by France ($X), with an 8.2% share of total exports. It was followed by Poland, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+37.5% per year) and Poland (+18.5% per year).

Export Prices by Country

In 2022, the average electro-magnetic coupling export price amounted to $X per ton, waning by -51.9% against the previous year. Over the period under review, the export price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 117%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then reduced notably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+41.1%), while the prices for the other major destinations experienced more modest paces of growth.

Electro-Magnetic Coupling Imports

Imports into Hungary

In 2022, purchases abroad of electro-magnetic couplings, clutches and brakes increased by 13% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2016 with an increase of 59% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, electro-magnetic coupling imports rose significantly to $X in 2022. Over the period under review, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Austria (X tons) constituted the largest supplier of electro-magnetic coupling to Hungary, accounting for a 48% share of total imports. Moreover, electro-magnetic coupling imports from Austria exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The United States (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Austria amounted to +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.9% per year) and the United States (+7.8% per year).

In value terms, the largest electro-magnetic coupling suppliers to Hungary were Austria ($X), Germany ($X) and France ($X), together accounting for 81% of total imports. The United States, the Netherlands, Poland, China, South Korea and Japan lagged somewhat behind, together comprising a further 14%.

Among the main suppliers, Poland, with a CAGR of +24.3%, 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 electro-magnetic coupling import price amounted to $X per ton, shrinking by -6% against the previous year. Over the period under review, the import price, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2019 an increase of 135%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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