Hungary: Hvac Equipment Market 2024

Hvac Equipment Market Size in Hungary

The Hungarian HVAC equipment market surged to $X in 2022, growing by X% against the previous year. In general, consumption recorded a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Hvac Equipment Production in Hungary

In value terms, HVAC equipment production rose to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Hvac Equipment Exports

Exports from Hungary

In 2022, overseas shipments of HVAC equipment increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, HVAC equipment exports rose notably to $X in 2022. Overall, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Germany (X units) was the main destination for HVAC equipment exports from Hungary, accounting for a X% share of total exports. Moreover, HVAC equipment exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X units), more than tenfold. The third position in this ranking was held by Slovakia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Slovakia (X% per year).

In value terms, Germany ($X) remains the key foreign market for HVAC equipment exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average HVAC equipment export price amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price, however, saw a prominent increase. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Slovakia ($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 Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Hvac Equipment Imports

Imports into Hungary

In 2022, supplies from abroad of HVAC equipment increased by X% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, HVAC equipment imports soared to $X in 2022. Overall, imports saw a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest HVAC equipment supplier to Hungary, accounting for a X% share of total imports. Moreover, HVAC equipment imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Poland (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Poland (X% per year).

In value terms, China ($X), Germany ($X) and Romania ($X) constituted the largest HVAC equipment suppliers to Hungary, together comprising X% of total imports. Italy, Poland, France, the Netherlands, Ukraine, Taiwan (Chinese) and New Zealand lagged somewhat behind, together comprising a further X%.

New Zealand, with a CAGR of X%, saw the highest rates of growth with regard to 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.

Import Prices by Country

The average HVAC equipment import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price saw a remarkable increase. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Romania ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform