Hungary: Market for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids 2024

Market Size for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in Hungary

In 2022, after four years of growth, there was significant decline in the Hungarian market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids, when its value decreased by -21.7% to $X. Overall, consumption, however, recorded a prominent increase. Consumption of peaked at $X in 2021, and then contracted dramatically in the following year.

Production of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in Hungary

In value terms, production of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids fell modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 8.9% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production of growth remained at a somewhat lower figure.

Exports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Exports from Hungary

Exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids from Hungary contracted remarkably to X units in 2022, declining by -67.5% against 2021 figures. Overall, exports recorded a deep downturn. The growth pace was the most rapid in 2017 when exports increased by 17% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids dropped dramatically to $X in 2022. Over the period under review, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2013 when exports increased by 63%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Ukraine (X units), Germany (X units) and Romania (X units) were the main destinations of exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids from Hungary, with a combined 55% share of total exports. Poland, Australia, Slovakia, Iceland and Russia lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of +10.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Romania ($X) and Ukraine ($X) were the largest markets for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids exported from Hungary worldwide, with a combined 38% share of total exports. Slovakia, Poland, Australia, Iceland and Russia lagged somewhat behind, together accounting for a further 10%.

Among the main countries of destination, Australia, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids stood at $X per unit in 2022, surging by 52% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +9.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the average export price increased by 104% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while the average price for exports to Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Imports into Hungary

After four years of growth, overseas purchases of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids decreased by -56.1% to X units in 2022. Overall, imports, however, posted noticeable growth. The pace of growth appeared the most rapid in 2019 with an increase of 133%. Imports peaked at X units in 2021, and then contracted rapidly in the following year.

In value terms, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids plummeted to $X in 2022. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by 76%. Over the period under review, imports of reached the peak figure at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

Turkey (X units), Austria (X units) and Italy (X units) were the main suppliers of imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to Hungary, together comprising 47% of total imports. Poland, Israel, Germany, Romania, Croatia and the Czech Republic lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of +154.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to Hungary, comprising 21% of total imports. The second position in the ranking was held by Austria ($X), with an 8.7% share of total imports. It was followed by Turkey, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+14.8% per year) and Turkey (+16.7% per year).

Import Prices by Country

The average import price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids stood at $X per unit in 2022, picking up by 40% against the previous year. In general, the import price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2013 an increase of 90%. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Israel ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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