Hungary: Magnetic Media Market 2024

Magnetic Media Market Size in Hungary

The Hungarian magnetic media market fell sharply to $X in 2021, which is down by -18.7% against the previous year. Over the period under review, consumption, however, showed a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Magnetic Media Production in Hungary

In value terms, magnetic media production reached $X in 2021 estimated in export price. In general, production, however, saw a deep contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 6.8%. Magnetic media production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Magnetic Media Exports

Exports from Hungary

In 2021, approx. X units of magnetic media, not recorded, except cards with a magnetic stripe were exported from Hungary; jumping by 1,080% compared with 2020 figures. Overall, exports, however, showed a noticeable slump. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, magnetic media exports surged to $X in 2021. Over the period under review, exports, however, saw a abrupt curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units) was the main destination for magnetic media exports from Hungary, accounting for a 82% share of total exports. Moreover, magnetic media exports to the Czech Republic exceeded the volume sent to the second major destination, Iraq (X units), tenfold. The third position in this ranking was held by Cyprus (X units), with a 4% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic totaled +19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (0.0% per year) and Cyprus (+38.9% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for magnetic media, not recorded, except cards with a magnetic stripe exports from Hungary, comprising 75% of total exports. The second position in the ranking was taken by Cyprus ($X), with a 7% share of total exports. It was followed by Bulgaria, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic stood at +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+21.7% per year) and Bulgaria (-21.5% per year).

Export Prices by Country

In 2021, the average magnetic media export price amounted to $X per unit, waning by -50.9% against the previous year. In general, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2020 when the average export price increased by 161% against the previous year. 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 remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Iraq ($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 France (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.

Magnetic Media Imports

Imports into Hungary

In 2021, supplies from abroad of magnetic media, not recorded, except cards with a magnetic stripe decreased by -7.4% to X units for the first time since 2018, thus ending a two-year rising trend. In general, imports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 6.7%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, magnetic media imports contracted rapidly to $X in 2021. Overall, imports showed a sharp contraction. The pace of growth was the most pronounced in 2019 when imports increased by 10%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), the Netherlands (X units) and the Czech Republic (X units) were the main suppliers of magnetic media imports to Hungary, with a combined 63% share of total imports. Belgium, Austria, Japan, the United States, Slovakia and the UK lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +23.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of magnetic media, not recorded, except cards with a magnetic stripe to Hungary, comprising 33% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by the Czech Republic, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at -18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-17.9% per year) and the Czech Republic (-18.1% per year).

Import Prices by Country

The average magnetic media import price stood at $X per unit in 2021, dropping by -17.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2014 an increase of 24%. The import price peaked at $X per unit in 2020, and then shrank remarkably 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 the Netherlands ($X per unit), while the price for Belgium ($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 (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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