Hungary: Hide Preparing Machinery Market 2024

Hide Preparing Machinery Market Size in Hungary

The Hungarian hide preparing machinery market soared to $X in 2022, jumping by 284% against the previous year. Overall, consumption showed a resilient increase. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Hide Preparing Machinery Production in Hungary

In value terms, hide preparing machinery production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 17%. Hide preparing machinery production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Hide Preparing Machinery Exports

Exports from Hungary

In 2022, hide preparing machinery exports from Hungary surged to X units, growing by 140% against the previous year's figure. In general, exports enjoyed a modest expansion. The most prominent rate of growth was recorded in 2019 with an increase of 300%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, hide preparing machinery exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a slight decline. The most prominent rate of growth was recorded in 2019 with an increase of 83,705% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for hide preparing machinery exports from Hungary, with a 75% share of total exports. Moreover, hide preparing machinery exports to the United States exceeded the volume sent to the second major destination, Mexico (X units), ninefold. The third position in this ranking was held by South Africa (X units), with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-29.3% per year) and South Africa (0.0% per year).

In value terms, the United States ($X) emerged as the key foreign market for machinery for preparing, tanning or working hides, skins or leather exports from Hungary, comprising 94% of total exports. The second position in the ranking was held by South Africa ($X), with a 2.7% share of total exports. It was followed by China, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+79.4% per year) and China (+22.0% per year).

Export Prices by Country

In 2022, the average hide preparing machinery export price amounted to $X per unit, growing by 17% against the previous year. In general, the export price, however, saw a noticeable slump. The pace of growth was the most pronounced in 2019 when the average export price increased by 20,851% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Mexico ($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 Germany (+188.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hide Preparing Machinery Imports

Imports into Hungary

Hide preparing machinery imports into Hungary soared to X units in 2022, rising by 411% compared with the previous year's figure. Over the period under review, imports posted buoyant growth. The pace of growth was the most pronounced in 2013 when imports increased by 650% against the previous year. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, hide preparing machinery imports surged to $X in 2022. Overall, imports showed prominent growth. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) was the main supplier of hide preparing machinery to Hungary, with a 93% share of total imports. It was followed by Italy (X units), with a 2.2% share of total imports. The UK (X units) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-21.3% per year) and the UK (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of machinery for preparing, tanning or working hides, skins or leather to Hungary, comprising 98% of total imports. The second position in the ranking was held by Italy ($X), with a 2.5% share of total imports. It was followed by the UK, with less than 0.1% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-18.0% per year) and the UK (-24.3% per year).

Import Prices by Country

In 2022, the average hide preparing machinery import price amounted to $X per unit, growing by 93% against the previous year. In general, the import price posted a pronounced increase. The pace of growth was the most pronounced in 2018 an increase of 101% against the previous year. Over the period under review, average import prices attained the maximum 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 Italy ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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