Hungary: Hydraulic Press Market 2024

Hydraulic Press Market Size in Hungary

In 2022, after three years of growth, there was significant decline in the Hungarian hydraulic press market, when its value decreased by -11.1% to $X. Overall, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +58.9% against 2018 indices. Hydraulic press consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Hydraulic Press Production in Hungary

In value terms, hydraulic press production shrank to $X in 2022 estimated in export price. Overall, production, however, posted a perceptible increase. The pace of growth was the most pronounced in 2015 with an increase of 62% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Hydraulic Press Exports

Exports from Hungary

After three years of decline, overseas shipments of hydraulic presses for working metal increased by 68% to X units in 2022. Over the period under review, exports recorded a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 209%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, hydraulic press exports declined remarkably to $X in 2022. Overall, exports, however, continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 322% against the previous year. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

Slovakia (X units), Romania (X units) and Belgium (X units) were the main destinations of hydraulic press exports from Hungary, with a combined 87% share of total exports. These countries were followed by Germany, which accounted for a further 12%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +38.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the key foreign market for hydraulic presses for working metal exports from Hungary, comprising 65% of total exports. The second position in the ranking was held by Slovakia ($X), with a 24% share of total exports. It was followed by Romania, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-6.0% per year) and Romania (+4.4% per year).

Export Prices by Country

The average hydraulic press export price stood at $X per unit in 2022, which is down by -63.3% against the previous year. Overall, the export price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2021 when the average export price increased by 390% against the previous year. The export price peaked 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Germany ($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 (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Hydraulic Press Imports

Imports into Hungary

After two years of growth, overseas purchases of hydraulic presses for working metal decreased by -4.8% to X units in 2022. In general, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 284% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, hydraulic press imports contracted to $X in 2022. Overall, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2014 with an increase of 351% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hydraulic press to Hungary, accounting for a 65% share of total imports. Moreover, hydraulic press imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), eightfold. The third position in this ranking was held by Germany (X units), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+60.6% per year) and Germany (+22.4% per year).

In value terms, the United States ($X), China ($X) and Germany ($X) constituted the largest hydraulic press suppliers to Hungary, together comprising 75% of total imports. Switzerland, Italy, the UK, Poland, Austria and Spain lagged somewhat behind, together accounting for a further 16%.

Poland, with a CAGR of +44.5%, saw the highest rates of growth with regard to 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

In 2022, the average hydraulic press import price amounted to $X per unit, approximately reflecting the previous year. In general, the import price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 50% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 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 ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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