Hungary: Finishing Paper Machinery Market 2024

Finishing Paper Machinery Market Size in Hungary

In 2021, the Hungarian finishing paper machinery market increased by 39% to $X, rising for the second year in a row after three years of decline. Overall, consumption saw strong growth. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Finishing Paper Machinery Production in Hungary

In value terms, finishing paper machinery production shrank notably to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 285%. Finishing paper machinery production peaked at $X in 2020, and then shrank remarkably in the following year.

Finishing Paper Machinery Exports

Exports from Hungary

In 2021, finishing paper machinery exports from Hungary dropped significantly to X units, reducing by -57% against 2020. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 900% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020, and then plummeted in the following year.

In value terms, finishing paper machinery exports shrank markedly to $X in 2021. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 580%. The exports peaked at $X in 2020, and then declined notably in the following year.

Exports by Country

Sweden (X units) was the main destination for finishing paper machinery exports from Hungary, with a 68% share of total exports. Moreover, finishing paper machinery exports to Sweden exceeded the volume sent to the second major destination, Finland (X units), twofold.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at -10.3%.

In value terms, Sweden ($X) emerged as the key foreign market for machinery for finishing paper or paperboard exports from Hungary, comprising 72% of total exports. The second position in the ranking was taken by Finland ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Sweden was relatively modest.

Export Prices by Country

In 2021, the average finishing paper machinery export price amounted to $X per unit, picking up by 22% against the previous year. Overall, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 410%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Finland amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+11.5%).

Finishing Paper Machinery Imports

Imports into Hungary

Finishing paper machinery imports into Hungary shrank dramatically to X units in 2021, which is down by -33.9% on 2020. Over the period under review, imports continue to indicate a dramatic decline. The growth pace was the most rapid in 2014 with an increase of 2,425% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, finishing paper machinery imports reduced dramatically to $X in 2021. In general, imports saw a sharp decline. The pace of growth was the most pronounced in 2017 with an increase of 978% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of finishing paper machinery to Hungary, with a 54% share of total imports. Moreover, finishing paper machinery imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Slovakia (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +45.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-40.0% per year) and Slovakia (-5.6% per year).

In value terms, the largest finishing paper machinery suppliers to Hungary were Germany ($X), China ($X) and South Korea ($X), together accounting for 85% of total imports.

In terms of the main suppliers, China, with a CAGR of +55.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average finishing paper machinery import price stood at $X per unit in 2021, waning by -71.6% against the previous year. Overall, the import price saw a perceptible slump. The pace of growth appeared the most rapid in 2020 when the average import price increased by 203% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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