Hungary: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2025

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Hungary

The Hungarian geometrical quantities electronic measurer market reached $X in 2022, standing approx. at the previous year. Overall, consumption, however, recorded a perceptible downturn. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in Hungary

In value terms, geometrical quantities electronic measurer production contracted to $X in 2022 estimated in export price. Overall, production recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 44%. Geometrical quantities electronic measurer production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Hungary

In 2022, approx. X units of electronic instruments and machines for measuring geometrical quantities were exported from Hungary; rising by 9.5% on the previous year. Over the period under review, total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.5% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 31% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, geometrical quantities electronic measurer exports shrank to $X in 2022. Overall, exports, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 19% 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 failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for geometrical quantities electronic measurer exports from Hungary, with a 54% share of total exports. Moreover, geometrical quantities electronic measurer exports to Germany exceeded the volume sent to the second major destination, France (X units), ninefold. The third position in this ranking was taken by China (X units), with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+21.4% per year) and China (+11.7% per year).

In value terms, Germany ($X) remains the key foreign market for electronic instruments and machines for measuring geometrical quantities exports from Hungary, comprising 32% of total exports. The second position in the ranking was held by China ($X), with a 16% share of total exports. It was followed by Poland, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+13.4% per year) and Poland (+7.8% per year).

Export Prices by Country

The average geometrical quantities electronic measurer export price stood at $X per unit in 2022, with a decrease of -17.1% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The growth pace was the most rapid in 2017 an increase of 23% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Malaysia ($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 Austria (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Hungary

Geometrical quantities electronic measurer imports into Hungary expanded significantly to X units in 2022, with an increase of 13% on 2021 figures. In general, imports showed a resilient increase. The pace of growth was the most pronounced in 2019 when imports increased by 65% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, geometrical quantities electronic measurer imports rose remarkably to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.7% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 32%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of geometrical quantities electronic measurer to Hungary, accounting for a 47% share of total imports. Moreover, geometrical quantities electronic measurer imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X units), fourfold. The Czech Republic (X units) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+36.4% per year) and the Czech Republic (+33.2% per year).

In value terms, Germany ($X) constituted the largest supplier of electronic instruments and machines for measuring geometrical quantities to Hungary, comprising 32% of total imports. The second position in the ranking was held by Malta ($X), with a 14% share of total imports. It was followed by the Netherlands, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malta (+147.1% per year) and the Netherlands (+26.8% per year).

Import Prices by Country

In 2022, the average geometrical quantities electronic measurer import price amounted to $X per unit, dropping by -5.6% against the previous year. Overall, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of 13% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malta ($X per unit), while the price for India ($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 Netherlands (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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