Hungary: Grinding Machine Market 2024

Grinding Machine Market Size in Hungary

In 2021, the Hungarian grinding machine market decreased by -26.9% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, showed a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped sharply in the following year.

Grinding Machine Production in Hungary

In value terms, grinding machine production surged to $X in 2021 estimated in export price. Overall, production, however, faced a abrupt decrease. The growth pace was the most rapid in 2017 when the production volume increased by 440% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Grinding Machine Exports

Exports from Hungary

In 2021, overseas shipments of machines having individual functions, for mixing, kneading, crushing or grinding decreased by -12.8% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 307% against the previous year. The exports peaked at X units in 2020, and then fell in the following year.

In value terms, grinding machine exports contracted to $X in 2021. In general, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 336% against the previous year. The exports peaked at $X in 2020, and then dropped in the following year.

Exports by Country

China (X units) was the main destination for grinding machine exports from Hungary, accounting for a 31% share of total exports. Moreover, grinding machine exports to China exceeded the volume sent to the second major destination, Russia (X units), twofold. The Netherlands (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +208.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+23.8% per year) and the Netherlands (+89.5% per year).

In value terms, China ($X) remains the key foreign market for machines having individual functions, for mixing, kneading, crushing or grinding exports from Hungary, comprising 35% of total exports. The second position in the ranking was taken by Russia ($X), with an 11% share of total exports. It was followed by the Netherlands, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +228.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+25.1% per year) and the Netherlands (+39.3% per year).

Export Prices by Country

The average grinding machine export price stood at $X per unit in 2021, standing approx. at the previous year. Over the period under review, the export price, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by 32% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Denmark ($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 Sweden (+55.2%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into Hungary

After three years of growth, overseas purchases of machines having individual functions, for mixing, kneading, crushing or grinding decreased by -20.6% to X units in 2021. In general, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2019 when imports increased by 80% against the previous year. Imports peaked at X units in 2020, and then declined significantly in the following year.

In value terms, grinding machine imports dropped sharply to $X in 2021. Overall, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2019 when imports increased by 92%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and Poland (X units) were the main suppliers of grinding machine imports to Hungary, with a combined 63% share of total imports. These countries were followed by Austria, Italy, South Korea, Slovenia, the UK, Switzerland, the Netherlands, France, Portugal and Turkey, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +98.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machines having individual functions, for mixing, kneading, crushing or grinding to Hungary, comprising 45% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by South Korea, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+31.5% per year) and South Korea (+35.6% per year).

Import Prices by Country

In 2021, the average grinding machine import price amounted to $X per unit, with a decrease of -6.9% against the previous year. In general, the import price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2016 an increase of 8.9%. The import price peaked at $X per unit in 2012; however, from 2013 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, the country with the highest price was Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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