Hungary: Non-Hydraulic Press Market 2024

Non-Hydraulic Press Market Size in Hungary

The Hungarian non-hydraulic press market surged to $X in 2021, rising by 45% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed resilient growth. Non-hydraulic press consumption peaked in 2021 and is expected to retain growth in the near future.

Non-Hydraulic Press Exports

Exports from Hungary

In 2021, non-hydraulic press exports from Hungary surged to X units, jumping by 78% against the previous year. Overall, exports enjoyed prominent growth. The growth pace was the most rapid in 2014 with an increase of 159%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, non-hydraulic press exports soared to $X in 2021. Over the period under review, exports saw a mild increase. The pace of growth appeared the most rapid in 2019 with an increase of 168% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Serbia (X units), the Czech Republic (X units) and Romania (X units) were the main destinations of non-hydraulic press exports from Hungary, together accounting for 62% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +67.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-hydraulic press exported from Hungary were Serbia ($X), China ($X) and Germany ($X), together accounting for 72% of total exports.

In terms of the main countries of destination, Serbia, with a CAGR of +100.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-hydraulic press export price stood at $X per unit in 2021, with a decrease of -14.4% against the previous year. Over the period under review, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 22%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Singapore ($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 China (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Hydraulic Press Imports

Imports into Hungary

In 2021, non-hydraulic press imports into Hungary skyrocketed to X units, increasing by 54% against the year before. Over the period under review, imports saw a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 90%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, non-hydraulic press imports soared to $X in 2021. Overall, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 46%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Slovenia (X units) constituted the largest non-hydraulic press supplier to Hungary, accounting for a 80% share of total imports. Moreover, non-hydraulic press imports from Slovenia exceeded the figures recorded by the second-largest supplier, China (X units), tenfold. Germany (X units) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Slovenia stood at +90.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.8% per year) and Germany (-8.1% per year).

In value terms, Slovenia ($X) constituted the largest supplier of non-hydraulic presses for working metal to Hungary, comprising 47% of total imports. The second position in the ranking was taken by Italy ($X), with a 14% share of total imports. It was followed by Germany, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value from Slovenia amounted to +124.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+93.1% per year) and Germany (-16.8% per year).

Import Prices by Country

The average non-hydraulic press import price stood at $X per unit in 2021, shrinking by -7.8% against the previous year. In general, the import price showed a drastic downturn. The growth pace was the most rapid in 2017 when the average import price increased by 41%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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