Hungary: Internal Combustion Engines Market 2025

Internal Combustion Engines Market Size in Hungary

In 2021, the Hungarian internal combustion engines market increased by 82% to $X, rising for the second consecutive year after five years of decline. In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +109.3% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Internal Combustion Engines Production in Hungary

In value terms, internal combustion engines production expanded sharply to $X in 2021 estimated in export price. Overall, production, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2015 when the production volume increased by 21% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Internal Combustion Engines Exports

Exports from Hungary

For the sixth year in a row, Hungary recorded decline in shipments abroad of motor vehicles compression-ignition internal combustion piston engines, which decreased by -16% to X units in 2021. Overall, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2015 with an increase of 36%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, internal combustion engines exports contracted to $X in 2021. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 23%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for internal combustion engines exports from Hungary, with a 49% share of total exports. Moreover, internal combustion engines exports to Germany exceeded the volume sent to the second major destination, Mexico (X units), threefold. Slovakia (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled -9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+211.4% per year) and Slovakia (-4.8% per year).

In value terms, Germany ($X) remains the key foreign market for motor vehicles compression-ignition internal combustion piston engines exports from Hungary, comprising 48% of total exports. The second position in the ranking was held by Mexico ($X), with an 18% share of total exports. It was followed by Slovakia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+273.2% per year) and Slovakia (-4.1% per year).

Export Prices by Country

The average internal combustion engines export price stood at $X per unit in 2021, with an increase of 9.9% against the previous year. Over the last nine years, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 13%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while the average price for exports to Spain ($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 Mexico (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Internal Combustion Engines Imports

Imports into Hungary

In 2021, overseas purchases of motor vehicles compression-ignition internal combustion piston engines decreased by -27.7% to X units, falling for the fifth year in a row after five years of growth. Overall, imports showed a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of 55% against the previous year. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, internal combustion engines imports dropped to $X in 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 44%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Spain (X units) and Poland (X units) were the main suppliers of internal combustion engines imports to Hungary, with a combined 93% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +10.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and Poland ($X) were the largest internal combustion engines suppliers to Hungary, with a combined 94% share of total imports.

Spain, with a CAGR of +22.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average internal combustion engines import price amounted to $X per unit, jumping by 29% against the previous year. Overall, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, internal combustion engines import price increased by +140.5% against 2016 indices. The growth pace was the most rapid in 2017 when the average import price increased by 39%. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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