Hungary: Market for Non-Domestic Percolators and Equipment For Cooking Or Heating Food 2024

Market Size for Non-Domestic Percolators and Equipment For Cooking Or Heating Food in Hungary

The Hungarian market for non-domestic percolators and equipment for cooking or heating food fell to $X in 2022, waning by -13.2% against the previous year. Over the period under review, consumption recorded a mild descent. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Non-Domestic Percolators and Equipment For Cooking Or Heating Food in Hungary

In value terms, production of non-domestic percolators and equipment for cooking or heating food fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 352% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Exports from Hungary

In 2022, the amount of non-domestic percolators and equipment for cooking or heating food exported from Hungary surged to X units, picking up by 78% against the year before. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 278% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of non-domestic percolators and equipment for cooking or heating food surged to $X in 2022. Over the period under review, exports enjoyed prominent growth. The growth pace was the most rapid in 2013 when exports increased by 280%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for exports of non-domestic percolators and equipment for cooking or heating food from Hungary, with a 42% share of total exports. Moreover, exports of non-domestic percolators and equipment for cooking or heating food to China exceeded the volume sent to the second major destination, Switzerland (X units), threefold. The third position in this ranking was taken by the Czech Republic (X units), with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +185.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+74.5% per year) and the Czech Republic (+61.9% per year).

In value terms, China ($X) emerged as the key foreign market for non-domestic percolators and equipment for cooking or heating food exports from Hungary, comprising 51% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 12% share of total exports. It was followed by Slovakia, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value to China stood at +175.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+92.9% per year) and Slovakia (-7.3% per year).

Export Prices by Country

In 2022, the average export price for non-domestic percolators and equipment for cooking or heating food amounted to $X per unit, with an increase of 18% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for non-domestic percolators and equipment for cooking or heating food increased by +42.8% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 26% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Lithuania ($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 Czech Republic (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Imports into Hungary

In 2022, imports of non-domestic percolators and equipment for cooking or heating food into Hungary totaled less than X units, remaining relatively unchanged against the year before. In general, imports showed significant growth. The smallest decline of 99.9% was in 2017. Over the period under review, imports of attained the maximum at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of non-domestic percolators and equipment for cooking or heating food rose significantly to $X in 2022. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 86%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Italy (X units), Germany (X units) and Austria (X units) were the main suppliers of imports of non-domestic percolators and equipment for cooking or heating food to Hungary, with a combined 77% share of total imports. The United States, Switzerland, Poland, the Czech Republic and Belgium lagged somewhat behind, together comprising a further 14%.

From 2014 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +271.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Austria ($X) appeared to be the largest non-domestic percolators and equipment for cooking or heating food suppliers to Hungary, together comprising 77% of total imports. The United States, Switzerland, Poland, the Czech Republic and Belgium lagged somewhat behind, together comprising a further 14%.

Switzerland, with a CAGR of +201.8%, recorded the highest growth rate of 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

The average import price for non-domestic percolators and equipment for cooking or heating food stood at $X per unit in 2016, standing approx. at the previous year. In general, the import price saw a deep setback. The most prominent rate of growth was recorded in 2015 a decrease of 99.9% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2016, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2016, amid the top importers, the countries with the highest prices were Poland ($X per unit) and Italy ($X per unit), while the price for Belgium ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2014 to 2016, the most notable rate of growth in terms of prices was attained by Switzerland (-18.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform