Hungary: Metal Deburring Machine Market 2024

Metal Deburring Machine Market Size in Hungary

The Hungarian metal deburring machine market skyrocketed to $X in 2021, with an increase of 45% against the previous year. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.1% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Metal Deburring Machine Production in Hungary

In value terms, metal deburring machine production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -28.2% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 37% against the previous year. Metal deburring machine production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Metal Deburring Machine Exports

Exports from Hungary

In 2021, the amount of machines for deburring or polishing metal exported from Hungary skyrocketed to X units, picking up by 76% against 2020 figures. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 178%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, metal deburring machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by 191%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Serbia (X units) was the main destination for metal deburring machine exports from Hungary, with a approx. 96% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Serbia totaled +48.2%.

In value terms, Serbia ($X) also remains the key foreign market for machines for deburring or polishing metal exports from Hungary.

From 2012 to 2021, the average annual rate of growth in terms of value to Serbia stood at +41.5%.

Export Prices by Country

The average metal deburring machine export price stood at $X per unit in 2021, with a decrease of -9.8% against the previous year. Overall, the export price showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 when the average export price increased by 61%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Serbia.

From 2012 to 2021, the rate of growth in terms of prices for Japan amounted to +8.3% per year.

Metal Deburring Machine Imports

Imports into Hungary

Metal deburring machine imports into Hungary skyrocketed to X units in 2021, growing by 295% on 2020 figures. Overall, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal deburring machine imports skyrocketed to $X in 2021. Over the period under review, imports showed significant growth. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X units) constituted the largest metal deburring machine supplier to Hungary, with a 53% share of total imports. Moreover, metal deburring machine imports from South Korea exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Switzerland (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea amounted to +101.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.0% per year) and Switzerland (+51.7% per year).

In value terms, the largest metal deburring machine suppliers to Hungary were South Korea ($X), Switzerland ($X) and Germany ($X), together accounting for 87% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +91.4%, 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

The average metal deburring machine import price stood at $X per unit in 2021, growing by 24% against the previous year. Over the period under review, the import price showed pronounced growth. The growth pace was the most rapid in 2013 when the average import price increased by 146% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+14.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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