Hungary: Keyboards Market 2024

Keyboards Market Size in Hungary

In 2022, the Hungarian keyboards market decreased by -25.6% to $X, falling for the second consecutive year after two years of growth. Over the period under review, the total consumption indicated a measured expansion 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 decreased by -28.5% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Keyboards Production in Hungary

In value terms, keyboards production expanded slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a sharp decrease. The pace of growth appeared the most rapid in 2020 when the production volume increased by 16% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Keyboards Exports

Exports from Hungary

After four years of growth, shipments abroad of keyboards decreased by -18.6% to X units in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 27% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then plummeted in the following year.

In value terms, keyboards exports reduced rapidly to $X in 2022. Over the period under review, exports, however, enjoyed noticeable growth. The pace of growth appeared the most rapid in 2020 with an increase of 74% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

Germany (X units), Slovakia (X units) and Denmark (X units) were the main destinations of keyboards exports from Hungary, together comprising 29% of total exports. Poland, the UK, Italy, Spain, the Netherlands, Sweden, France, the Czech Republic, Finland and Croatia lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +32.8%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Poland ($X) and Germany ($X) appeared to be the largest markets for keyboards exported from Hungary worldwide, with a combined 27% share of total exports. The UK, Italy, Denmark, Croatia, Spain, the Czech Republic, Slovakia, Sweden, France and Finland lagged somewhat behind, together accounting for a further 34%.

Italy, with a CAGR of +30.0%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the average keyboards export price amounted to $X per unit, dropping by -23.8% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 an increase of 57% against the previous year. The export price peaked at $X per unit in 2021, and then shrank rapidly in the following year.

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 the Netherlands ($X per unit), while the average price for exports to Slovakia ($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 the Netherlands (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Keyboards Imports

Imports into Hungary

In 2022, overseas purchases of keyboards decreased by -33.9% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, posted a perceptible increase. The pace of growth was the most pronounced in 2020 when imports increased by 91% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, keyboards imports dropped sharply to $X in 2022. Overall, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -22.2% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 65% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of keyboards to Hungary, with a 67% share of total imports. Moreover, keyboards imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), ninefold. The third position in this ranking was held by Ukraine (X units), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.6% per year) and Ukraine (+121.8% per year).

In value terms, China ($X), Germany ($X) and the Czech Republic ($X) appeared to be the largest keyboards suppliers to Hungary, with a combined 62% share of total imports. The United States, the Netherlands, Hong Kong SAR, Slovakia, Ukraine, Taiwan (Chinese), Poland and Slovenia lagged somewhat behind, together accounting for a further 22%.

Ukraine, with a CAGR of +84.5%, saw the highest growth rate of 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 keyboards import price amounted to $X per unit, rising by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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