Hungary: Mechanical Stoker Market 2024

Mechanical Stoker Market Size in Hungary

In 2022, the Hungarian mechanical stoker market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption showed a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Mechanical Stoker Production in Hungary

In value terms, mechanical stoker production expanded markedly to $X in 2022 estimated in export price. In general, production enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 528% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Mechanical Stoker Exports

Exports from Hungary

After two years of growth, overseas shipments of mechanical stokers decreased by -67.6% to X tons in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 134% against the previous year. The exports peaked at X tons in 2021, and then reduced markedly in the following year.

In value terms, mechanical stoker exports reduced notably to $X in 2022. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 257% against the previous year. As a result, the exports attained the peak of $X, and then declined remarkably in the following year.

Exports by Country

Austria (X tons) was the main destination for mechanical stoker exports from Hungary, accounting for a 82% share of total exports. Moreover, mechanical stoker exports to Austria exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold. Germany (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume to Austria stood at -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-1.4% per year) and Germany (0.0% per year).

In value terms, Austria ($X) remains the key foreign market for mechanical stokers exports from Hungary, comprising 67% of total exports. The second position in the ranking was held by Japan ($X), with a 21% share of total exports. It was followed by Germany, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria totaled -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+7.2% per year) and Germany (0.0% per year).

Export Prices by Country

The average mechanical stoker export price stood at $X per ton in 2022, declining by -68% against the previous year. In general, the export price saw a deep downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 151%. As a result, the export price attained the peak level of $X per ton, and then plummeted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mechanical Stoker Imports

Imports into Hungary

In 2022, after three years of growth, there was significant decline in overseas purchases of mechanical stokers, when their volume decreased by -86.8% to X tons. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 15,824% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, mechanical stoker imports contracted remarkably to $X in 2022. Overall, imports saw a slight descent. The most prominent rate of growth was recorded in 2014 when imports increased by 18,955%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of mechanical stoker to Hungary, accounting for a 75% share of total imports. Moreover, mechanical stoker imports from China exceeded the figures recorded by the second-largest supplier, Austria (X tons), tenfold. The third position in this ranking was held by Latvia (X tons), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +110.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-20.6% per year) and Latvia (+118.9% per year).

In value terms, the largest mechanical stoker suppliers to Hungary were China ($X), Latvia ($X) and Austria ($X), together comprising 88% of total imports.

Among the main suppliers, Latvia, with a CAGR of +101.0%, 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 mechanical stoker import price stood at $X per ton in 2022, with a decrease of -50.6% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 54% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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