Hungary: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Hungary

The Hungarian tobacco making machinery market soared to $X in 2022, jumping by 29% against the previous year. In general, consumption saw a strong increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Tobacco Making Machinery Production in Hungary

In value terms, tobacco making machinery production expanded sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 30%. Tobacco making machinery production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Tobacco Making Machinery Exports

Exports from Hungary

In 2022, tobacco making machinery exports from Hungary declined significantly to X units, waning by -15.6% on the previous year's figure. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 34%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, tobacco making machinery exports reduced sharply to $X in 2022. Over the period under review, exports saw a abrupt slump. The pace of growth was the most pronounced in 2018 when exports increased by 40%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for tobacco making machinery exports from Hungary, with a 61% share of total exports. Moreover, tobacco making machinery exports to Germany exceeded the volume sent to the second major destination, Poland (X units), fourfold. Croatia (X units) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at -15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-2.0% per year) and Croatia (+72.1% per year).

In value terms, Germany ($X) remains the key foreign market for machinery for the preparation or making up of tobacco exports from Hungary, comprising 68% of total exports. The second position in the ranking was held by Poland ($X), with an 11% share of total exports. It was followed by Italy, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at -10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-7.3% per year) and Italy (+34.8% per year).

Export Prices by Country

The average tobacco making machinery export price stood at $X per unit in 2022, standing approx. at the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tobacco making machinery export price decreased by -19.7% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 47%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Spain ($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 Romania (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.

Tobacco Making Machinery Imports

Imports into Hungary

Tobacco making machinery imports into Hungary soared to X units in 2022, with an increase of 201% compared with 2021. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 2,246% 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, tobacco making machinery imports skyrocketed to $X in 2022. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,816% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest tobacco making machinery supplier to Hungary, with a 65% share of total imports. Moreover, tobacco making machinery imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +35.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+44.3% per year) and Germany (+10.6% per year).

In value terms, the largest tobacco making machinery suppliers to Hungary were the Netherlands ($X), Italy ($X) and Germany ($X), with a combined 98% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +36.9%, recorded 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

In 2022, the average tobacco making machinery import price amounted to $X per unit, waning by -30.9% against the previous year. Over the period under review, the import price continues to indicate a perceptible decrease. The growth pace was the most rapid in 2021 an increase of 125% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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