Hungary: Starter Battery Market 2024

Starter Battery Market Size in Hungary

The Hungarian starter battery market dropped dramatically to $X in 2022, waning by -21.1% against the previous year. In general, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +9.4% against 2020 indices. As a result, consumption attained the peak level of $X, and then shrank dramatically in the following year.

Starter Battery Production in Hungary

In value terms, starter battery production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 38% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Starter Battery Exports

Exports from Hungary

In 2022, after seven years of growth, there was significant decline in overseas shipments of lead-acid accumulators for starting piston engines, when their volume decreased by -9.9% to X units. In general, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by 47% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then contracted in the following year.

In value terms, starter battery exports reduced slightly to $X in 2022. Overall, exports, however, saw prominent growth. The growth pace was the most rapid in 2017 when exports increased by 60% against the previous year. The exports peaked at $X in 2021, and then reduced modestly in the following year.

Exports by Country

Spain (X units) was the main destination for starter battery exports from Hungary, accounting for a 33% share of total exports. Moreover, starter battery exports to Spain exceeded the volume sent to the second major destination, Italy (X units), twofold. The third position in this ranking was taken by Serbia (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled +58.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+1.5% per year) and Serbia (+30.1% per year).

In value terms, Spain ($X), Italy ($X) and Romania ($X) were the largest markets for starter battery exported from Hungary worldwide, together accounting for 58% of total exports. Serbia, Slovakia, Croatia, Poland and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 27%.

In terms of the main countries of destination, Poland, with a CAGR of +155.0%, saw the highest rates of growth with regard to the value of exports, 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 starter battery export price amounted to $X per unit, growing by 5.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 11% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

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 Romania ($X per unit), while the average price for exports to Poland ($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 Serbia (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Starter Battery Imports

Imports into Hungary

Starter battery imports into Hungary declined rapidly to X units in 2022, with a decrease of -28% against 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by 83%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, starter battery imports fell significantly to $X in 2022. Overall, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of $X, and then fell markedly in the following year.

Imports by Country

The Czech Republic (X units), Germany (X units) and Poland (X units) were the main suppliers of starter battery imports to Hungary, with a combined 61% share of total imports. Austria, Italy, Slovakia, Turkey, the Netherlands and China lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +138.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest starter battery suppliers to Hungary were the Czech Republic ($X), Poland ($X) and Germany ($X), with a combined 63% share of total imports. Italy, Austria, Slovakia, Turkey, the Netherlands and China lagged somewhat behind, together accounting for a further 26%.

Turkey, with a CAGR of +146.3%, 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 starter battery import price amounted to $X per unit, picking up by 11% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starter battery import price increased by +43.3% against 2019 indices. The growth pace was the most rapid in 2016 an increase of 42%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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