Hungary: Market for Iron Or Steel Liquid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Liquid Fuel Domestic Appliances in Hungary

For the third consecutive year, the Hungarian metal liquid fuel appliances market recorded growth in sales value, which increased by 52% to $X in 2022. Over the period under review, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +112.1% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Iron Or Steel Liquid Fuel Domestic Appliances in Hungary

In value terms, metal liquid fuel appliances production rose modestly to $X in 2022 estimated in export price. Overall, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 227% against the previous year. Metal liquid fuel appliances production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Iron Or Steel Liquid Fuel Domestic Appliances

Exports from Hungary

Metal liquid fuel appliances exports from Hungary shrank notably to X units in 2022, which is down by -43.4% compared with 2021 figures. In general, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 when exports increased by 24% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal liquid fuel appliances exports fell markedly to $X in 2022. Over the period under review, exports saw a deep reduction. The growth pace was the most rapid in 2017 when exports increased by 35% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Austria (X units) and Germany (X units) were the main destinations of metal liquid fuel appliances exports from Hungary.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of -12.3%).

In value terms, the largest markets for metal liquid fuel appliances exported from Hungary were Austria ($X) and Germany ($X).

Among the main countries of destination, Germany, with a CAGR of -7.2%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average metal liquid fuel appliances export price amounted to $X per unit, picking up by 21% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Austria totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+38.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Liquid Fuel Domestic Appliances

Imports into Hungary

In 2022, imports of iron or steel liquid fuel domestic appliances into Hungary soared to X units, jumping by 20% against the previous year. Overall, imports showed a buoyant increase. The pace of growth was the most pronounced in 2019 when imports increased by 526% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, metal liquid fuel appliances imports soared to $X in 2022. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 479%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Germany (X units), China (X units) and Turkey (X units) were the main suppliers of metal liquid fuel appliances imports to Hungary, with a combined 90% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +342.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Turkey ($X) constituted the largest metal liquid fuel appliances suppliers to Hungary, with a combined 90% share of total imports.

Turkey, with a CAGR of +249.4%, recorded the highest growth rate of 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 metal liquid fuel appliances import price stood at $X per unit in 2022, jumping by 72% against the previous year. In general, the import price enjoyed a resilient expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 144%. As a result, import price reached the peak level of $X per unit. From 2016 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 Poland ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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