Hungary: Working Wire Machine Market 2025

Working Wire Machine Market Size in Hungary

The Hungarian working wire machine market surged to $X in 2021, increasing by 127% against the previous year. Over the period under review, consumption enjoyed a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Working Wire Machine Production in Hungary

In value terms, working wire machine production stood at $X in 2021 estimated in export price. Over the period under review, production saw a slight contraction. The most prominent rate of growth was recorded in 2020 when the production volume decreased by 99.9%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Working Wire Machine Exports

Exports from Hungary

In 2021, approx. X units of machines for working wire were exported from Hungary; increasing by 457% against the year before. In general, exports recorded strong growth. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, working wire machine exports skyrocketed to $X in 2021. Over the period under review, exports recorded temperate growth. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Serbia (X units), Austria (X units) and Romania (X units) were the main destinations of working wire machine exports from Hungary, together comprising 95% of total exports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +36.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for working wire machine exported from Hungary were Serbia ($X), Austria ($X) and Romania ($X), together accounting for 98% of total exports.

Austria, with a CAGR of +13.0%, recorded the highest growth rate of 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

The average working wire machine export price stood at $X per unit in 2021, rising by 183% against the previous year. In general, the export price, however, recorded a deep reduction. The growth pace was the most rapid in 2018 when the average export price increased by 670% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+197.4%), while the prices for the other major destinations experienced more modest paces of growth.

Working Wire Machine Imports

Imports into Hungary

In 2021, overseas purchases of machines for working wire increased by 196% to X units, rising for the second consecutive year after two years of decline. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 267%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, working wire machine imports declined remarkably to $X in 2021. Overall, imports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2020 with an increase of 163%. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

Germany (X units), China (X units) and Slovakia (X units) were the main suppliers of working wire machine imports to Hungary, with a combined 80% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +58.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Taiwan (Chinese) ($X) appeared to be the largest working wire machine suppliers to Hungary, together comprising 61% of total imports.

Among the main suppliers, China, with a CAGR of +56.3%, 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 working wire machine import price stood at $X per unit in 2021, waning by -88.2% against the previous year. Overall, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 220% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then contracted rapidly in the following year.

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 Taiwan (Chinese) ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+46.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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