Hungary: Hand-Operated Air Pump Market 2024

Hand-Operated Air Pump Market Size in Hungary

In 2022, the Hungarian hand-operated air pump market increased by 25% to $X, rising for the fourth year in a row after two years of decline. Overall, consumption saw temperate growth. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Hand-Operated Air Pump Production in Hungary

In value terms, hand-operated air pump production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a mild contraction. The pace of growth appeared the most rapid in 2016 with an increase of 120%. Hand-operated air pump production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Hand-Operated Air Pump Exports

Exports from Hungary

In 2022, shipments abroad of hand or foot-operated air pumps decreased by -61.5% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2020 when exports increased by 188%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, hand-operated air pump exports reduced markedly to $X in 2022. In general, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 139% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Slovakia (X units) was the main destination for hand-operated air pump exports from Hungary, with a 41% share of total exports. Moreover, hand-operated air pump exports to Slovakia exceeded the volume sent to the second major destination, Serbia (X units), threefold. Romania (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Slovakia amounted to +55.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+9.5% per year) and Romania (-5.9% per year).

In value terms, the largest markets for hand-operated air pump exported from Hungary were Slovakia ($X), Serbia ($X) and Romania ($X), together accounting for 57% of total exports. The UK, the Czech Republic, Germany, Italy and Bulgaria lagged somewhat behind, together accounting for a further 30%.

Germany, with a CAGR of +102.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hand-operated air pump export price stood at $X per unit in 2022, surging by 27% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Bulgaria ($X per unit), while the average price for exports to Italy ($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 the UK (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hand-Operated Air Pump Imports

Imports into Hungary

For the fifth consecutive year, Hungary recorded growth in purchases abroad of hand or foot-operated air pumps, which increased by 28% to X units in 2022. In general, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hand-operated air pump imports totaled $X in 2022. Overall, imports enjoyed a moderate increase. The most prominent rate of growth was recorded in 2016 with an increase of 27%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest hand-operated air pump supplier to Hungary, accounting for a 57% share of total imports. Moreover, hand-operated air pump imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.7% per year) and Taiwan (Chinese) (+16.1% per year).

In value terms, China ($X), Germany ($X) and France ($X) constituted the largest hand-operated air pump suppliers to Hungary, together comprising 66% of total imports.

China, with a CAGR of +26.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hand-operated air pump import price stood at $X per unit in 2022, declining by -15% against the previous year. In general, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 12% against the previous year. Over the period under review, average import prices reached the maximum 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 Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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