Hungary: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Hungary

The Hungarian machine-tool for working wood market skyrocketed to $X in 2021, growing by 54% against the previous year. In general, consumption continues to indicate a buoyant expansion. Machine-tool for working wood consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Machine-Tools For Working Wood in Hungary

In value terms, machine-tool for working wood production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 96% against the previous year. Machine-tool for working wood production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Machine-Tools For Working Wood

Exports from Hungary

In 2021, approx. X tons of machine-tools for working wood were exported from Hungary; increasing by 20% on the previous year. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2018 when exports increased by 132% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, machine-tool for working wood exports dropped to $X in 2021. In general, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 118% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons), Germany (X tons) and Romania (X tons) were the main destinations of machine-tool for working wood exports from Hungary, together comprising 52% of total exports. These countries were followed by Serbia, Moldova, Slovenia, Croatia, Ukraine, Bulgaria, Austria and Russia, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +99.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Romania ($X) and the Czech Republic ($X) appeared to be the largest markets for machine-tool for working wood exported from Hungary worldwide, with a combined 55% share of total exports. These countries were followed by Moldova, Serbia, Slovenia, Croatia, Russia, Bulgaria, Ukraine and Austria, which together accounted for a further 24%.

Moldova, with a CAGR of +76.0%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 2021, the average machine-tool for working wood export price amounted to $X per ton, which is down by -25.3% against the previous year. Over the period under review, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 190%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+8.0%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools For Working Wood

Imports into Hungary

In 2021, approx. X tons of machine-tools for working wood were imported into Hungary; surging by 44% against the previous year. Overall, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 236%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, machine-tool for working wood imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2016 when imports increased by 123% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Italy (X tons) were the main suppliers of machine-tool for working wood imports to Hungary, together accounting for 72% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +79.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Austria ($X) were the largest machine-tool for working wood suppliers to Hungary, with a combined 81% share of total imports. These countries were followed by China, Poland, the Czech Republic and Denmark, which together accounted for a further 11%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +40.0%, saw 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 machine-tool for working wood import price stood at $X per ton in 2021, rising by 23% against the previous year. In general, the import price, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2015 when the average import price increased by 34%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malta (+209.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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