Hungary: Market for Moulds For Mineral Materials 2024

Market Size for Moulds For Mineral Materials in Hungary

The Hungarian mould for mineral materials market shrank rapidly to $X in 2022, with a decrease of -15.9% against the previous year. Over the period under review, consumption, however, continues to indicate a significant expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Moulds For Mineral Materials in Hungary

In value terms, mould for mineral materials production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 7.2% against the previous year. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Exports of Moulds For Mineral Materials

Exports from Hungary

For the third consecutive year, Hungary recorded decline in shipments abroad of moulds for mineral materials, which decreased by -0.1% to X units in 2022. Over the period under review, exports recorded a perceptible decline. The pace of growth appeared the most rapid in 2019 with an increase of 37% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, mould for mineral materials exports contracted modestly to $X in 2022. In general, exports showed a perceptible downturn. The pace of growth was the most pronounced in 2019 with an increase of 28% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for mould for mineral materials exports from Hungary, with a 67% share of total exports. Moreover, mould for mineral materials exports to Germany exceeded the volume sent to the second major destination, the United States (X units), eightfold. The third position in this ranking was held by the Dominican Republic (X units), with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+20.3% per year) and the Dominican Republic (+19.4% per year).

In value terms, Germany ($X) remains the key foreign market for moulds for mineral materials exports from Hungary, comprising 56% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 12% share of total exports. It was followed by Romania, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+24.0% per year) and Romania (+0.6% per year).

Export Prices by Country

The average mould for mineral materials export price stood at $X per unit in 2022, dropping by -3.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 9.7% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per unit), while the average price for exports to Germany ($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 the Dominican Republic (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Moulds For Mineral Materials

Imports into Hungary

In 2022, overseas purchases of moulds for mineral materials decreased by -27.2% to X units, falling for the second year in a row after two years of growth. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 99.9% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, mould for mineral materials imports fell dramatically to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 73% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest mould for mineral materials supplier to Hungary, with a 51% share of total imports. Moreover, mould for mineral materials imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. Austria (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+63.6% per year) and Austria (+9.9% per year).

In value terms, Germany ($X) constituted the largest supplier of moulds for mineral materials to Hungary, comprising 54% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by Austria, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+53.8% per year) and Austria (+9.0% per year).

Import Prices by Country

In 2022, the average mould for mineral materials import price amounted to $X per unit, with an increase of 14% against the previous year. Over the period under review, the import price, however, saw a mild downturn. The pace of growth was the most pronounced in 2016 when the average import price increased by 26% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 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 Sweden ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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