Hungary: Industrial Brewery Machinery Market 2024

Industrial Brewery Machinery Market Size in Hungary

In 2022, the Hungarian industrial brewery machinery market decreased by X% to $X, falling for the fifth consecutive year after two years of growth. Overall, consumption saw a dramatic shrinkage. Industrial brewery machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Industrial Brewery Machinery Production in Hungary

In value terms, industrial brewery machinery production fell significantly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Industrial Brewery Machinery Exports

Exports from Hungary

After five years of decline, shipments abroad of industrial brewery machinery increased by X% to X units in 2022. Overall, exports, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial brewery machinery exports surged to $X in 2022. In general, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Azerbaijan (X units) was the main destination for industrial brewery machinery exports from Hungary, accounting for a X% share of total exports. Moreover, industrial brewery machinery exports to Azerbaijan exceeded the volume sent to the second major destination, Poland (X units), fivefold. The third position in this ranking was taken by Germany (X units), with an X% share.

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

In value terms, Azerbaijan ($X), Germany ($X) and France ($X) constituted the largest markets for industrial brewery machinery exported from Hungary worldwide, with a combined X% share of total exports. Poland, Slovenia, Turkey, Norway, the Czech Republic, Serbia, Lithuania, Sweden and the UK lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of 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 industrial brewery machinery export price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price saw a deep contraction. The growth pace was the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a 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 France ($X per unit), while the average price for exports to the UK ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Brewery Machinery Imports

Imports into Hungary

Industrial brewery machinery imports into Hungary dropped significantly to X units in 2022, shrinking by X% compared with the previous year. In general, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then dropped markedly in the following year.

In value terms, industrial brewery machinery imports fell significantly to $X in 2022. Overall, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

Slovenia (X units), Norway (X units) and Ukraine (X units) were the main suppliers of industrial brewery machinery imports to Hungary, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial brewery machinery suppliers to Hungary were Belgium ($X), Italy ($X) and Ukraine ($X), together accounting for X% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average industrial brewery machinery import price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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