Hungary: Industrial Robot Market 2024

Industrial Robot Market Size in Hungary

The Hungarian industrial robot market fell notably to $X in 2021, waning by -53.8% against the previous year. Overall, consumption saw a abrupt decline. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Industrial Robot Production in Hungary

In value terms, industrial robot production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, saw perceptible growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 69%. Over the period under review, production reached the maximum level in 2021 and is likely to see steady growth in the immediate term.

Industrial Robot Exports

Exports from Hungary

In 2021, overseas shipments of industrial robots for multiple uses were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +6.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 35%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, industrial robot exports surged to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Austria (X units) was the main destination for industrial robot exports from Hungary, with a 66% share of total exports. Moreover, industrial robot exports to Austria exceeded the volume sent to the second major destination, North Macedonia (X units), sixfold. Germany (X units) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Austria totaled +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (0.0% per year) and Germany (+5.3% per year).

In value terms, Austria ($X) remains the key foreign market for industrial robots for multiple uses exports from Hungary, comprising 73% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by Ukraine, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to Austria stood at +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-15.5% per year) and Ukraine (+74.4% per year).

Export Prices by Country

The average industrial robot export price stood at $X per unit in 2021, falling by -3.6% against the previous year. In general, the export price saw a deep contraction. The pace of growth was the most pronounced in 2017 an increase of 33%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Robot Imports

Imports into Hungary

In 2021, overseas purchases of industrial robots for multiple uses were finally on the rise to reach X units after two years of decline. Overall, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 60%. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial robot imports skyrocketed to $X in 2021. In general, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 66% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Austria (X units) were the main suppliers of industrial robot imports to Hungary, with a combined 70% share of total imports. These countries were followed by Sweden, Italy, Slovenia, the UK, Poland, Iceland, the Netherlands and France, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +63.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial robot suppliers to Hungary were China ($X), Germany ($X) and Austria ($X), together comprising 64% of total imports. These countries were followed by Sweden, Italy, the Netherlands, Slovenia, Poland, the UK, France and Iceland, which together accounted for a further 22%.

Among the main suppliers, Poland, with a CAGR of +199.7%, recorded the highest growth rate of 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 robot import price stood at $X per unit in 2021, surging by 20% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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