Hungary: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in Hungary

The Hungarian non-electric bakery oven market fell to $X in 2022, reducing by -6.3% against the previous year. Overall, consumption, however, posted a perceptible increase. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Non-Electric Bakery Oven Production in Hungary

In value terms, non-electric bakery oven production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2021 with an increase of 7.2% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Non-Electric Bakery Oven Exports

Exports from Hungary

In 2022, shipments abroad of non-electric bakery ovens decreased by -33.1% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 124% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electric bakery oven exports expanded remarkably to $X in 2022. In general, exports showed a mild curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 68%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X units) was the main destination for non-electric bakery oven exports from Hungary, with a 97% share of total exports. It was followed by Bosnia and Herzegovina (X units), with a 1.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria amounted to -4.0%.

In value terms, Austria ($X) remains the key foreign market for non-electric bakery ovens exports from Hungary, comprising 97% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Austria was relatively modest.

Export Prices by Country

In 2022, the average non-electric bakery oven export price amounted to $X per unit, picking up by 69% against the previous year. Over the period under review, the export price recorded pronounced growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per unit), while the average price for exports to Austria stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+1,155.9%).

Non-Electric Bakery Oven Imports

Imports into Hungary

Non-electric bakery oven imports into Hungary declined dramatically to X units in 2022, with a decrease of -81.1% against the year before. Overall, imports, however, continue to indicate temperate growth. The pace of growth was the most pronounced in 2013 with an increase of 1,010%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, non-electric bakery oven imports dropped markedly to $X in 2022. In general, imports, however, showed moderate growth. The pace of growth was the most pronounced in 2013 with an increase of 349%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest non-electric bakery oven supplier to Hungary, with a 73% share of total imports. Moreover, non-electric bakery oven imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was held by Portugal (X units), with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (0.0% per year) and Portugal (0.0% per year).

In value terms, Italy ($X) constituted the largest supplier of non-electric bakery ovens to Hungary, comprising 74% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by Portugal, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.4% per year) and Portugal (0.0% per year).

Import Prices by Country

The average non-electric bakery oven import price stood at $X per unit in 2022, picking up by 191% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per unit) and Germany ($X per unit), while the price for Spain ($X per unit) and Portugal ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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