Hungary: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Market Size in Hungary

The Hungarian confectionery-making industrial machinery market declined to $X in 2022, dropping by -8.7% against the previous year. Over the period under review, consumption, however, continues to indicate a buoyant expansion. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Confectionery-Making Industrial Machinery Production in Hungary

In value terms, confectionery-making industrial machinery production surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep setback. Confectionery-making industrial machinery production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Confectionery-Making Industrial Machinery Exports

Exports from Hungary

In 2022, approx. X units of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate were exported from Hungary; falling by -94.9% on the previous year. Over the period under review, exports faced a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 4,400%. The exports peaked at X units in 2021, and then dropped markedly in the following year.

In value terms, confectionery-making industrial machinery exports reduced remarkably to $X in 2022. In general, exports recorded a dramatic decline. The pace of growth was the most pronounced in 2016 when exports increased by 3,065%. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

The UK (X units) and Ukraine (X units) were the main destinations of confectionery-making industrial machinery exports from Hungary.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +141.0%).

In value terms, Ukraine ($X) emerged as the key foreign market for industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate exports from Hungary, comprising 71% of total exports. The second position in the ranking was taken by the UK ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Ukraine amounted to +78.9%.

Export Prices by Country

In 2022, the average confectionery-making industrial machinery export price amounted to $X per unit, which is down by -15.1% against the previous year. Over the period under review, the export price continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 312%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to the UK amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+15.6%), while the prices for the other major destinations experienced mixed trend patterns.

Confectionery-Making Industrial Machinery Imports

Imports into Hungary

In 2022, the amount of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate imported into Hungary fell markedly to X units, reducing by -77.6% on the year before. In general, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 448% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, confectionery-making industrial machinery imports dropped notably to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 379% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Italy (X units) were the main suppliers of confectionery-making industrial machinery imports to Hungary, together comprising 68% of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +43.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate to Hungary, comprising 39% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Denmark, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+30.9% per year) and Denmark (+24.3% per year).

Import Prices by Country

The average confectionery-making industrial machinery import price stood at $X per unit in 2022, increasing by 17% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 52%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average 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 Italy ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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