Hungary: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in Hungary

The Hungarian non-numerically controlled sharpening machine market fell to $X in 2022, with a decrease of -13.6% 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). Over the period under review, consumption, however, enjoyed prominent growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Hungary

In 2022, overseas shipments of non-numerically controlled sharpening machines for working metal increased by 8.3% to X units, rising for the eighth consecutive year after two years of decline. Over the period under review, exports continue to indicate a modest expansion. The pace of growth was the most pronounced in 2019 with an increase of 119%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, non-numerically controlled sharpening machine exports fell sharply to $X in 2022. In general, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 214% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Serbia (X units), Romania (X units) and Slovenia (X units) were the main destinations of non-numerically controlled sharpening machine exports from Hungary, together comprising 90% of total exports. Croatia, the Czech Republic and Bulgaria lagged somewhat behind, together accounting for a further 7.4%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +47.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Romania ($X) and Slovenia ($X) constituted the largest markets for non-numerically controlled sharpening machine exported from Hungary worldwide, with a combined 90% share of total exports. Croatia, the Czech Republic and Bulgaria lagged somewhat behind, together comprising a further 2.2%.

Among the main countries of destination, the Czech Republic, with a CAGR of +61.6%, saw the highest rates of growth with regard to 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

In 2022, the average non-numerically controlled sharpening machine export price amounted to $X per unit, dropping by -34.2% against the previous year. In general, the export price recorded a drastic downturn. The growth pace was the most rapid in 2019 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Croatia ($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 (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Hungary

In 2022, approx. X units of non-numerically controlled sharpening machines for working metal were imported into Hungary; which is down by -8.5% on the previous year's figure. Over the period under review, imports, however, saw resilient growth. The growth pace was the most rapid in 2018 with an increase of 216%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-numerically controlled sharpening machine imports declined remarkably to $X in 2022. In general, imports, however, recorded modest growth. The growth pace was the most rapid in 2018 when imports increased by 63%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of non-numerically controlled sharpening machine to Hungary, with a 78% share of total imports. Moreover, non-numerically controlled sharpening machine imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. The Czech Republic (X units) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.2% per year) and the Czech Republic (+39.3% per year).

In value terms, Germany ($X) constituted the largest supplier of non-numerically controlled sharpening machines for working metal to Hungary, comprising 68% of total imports. The second position in the ranking was held by China ($X), with an 8.7% share of total imports. It was followed by the Czech Republic, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.6% per year) and the Czech Republic (+46.9% per year).

Import Prices by Country

The average non-numerically controlled sharpening machine import price stood at $X per unit in 2022, falling by -13.5% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The growth pace was the most rapid in 2014 an increase of 49%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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