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

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

In 2022, after four years of decline, there was significant growth in the Hungarian numerically controlled sharpening machine market, when its value increased by 1,111% to $X. Over the period under review, consumption showed a buoyant increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Numerically Controlled Sharpening Machines For Working Metal in Hungary

In value terms, numerically controlled sharpening machine production skyrocketed to $X in 2022 estimated in export price. In general, production posted significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports from Hungary

In 2022, after three years of growth, there was significant decline in overseas shipments of numerically controlled sharpening machines for working metal, when their volume decreased by -95.8% to X units. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 700%. As a result, the exports attained the peak of X units, and then reduced markedly in the following year.

In value terms, numerically controlled sharpening machine exports shrank rapidly to $X in 2022. Overall, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 3,801% against the previous year. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Slovakia (X units) was the main destination for numerically controlled sharpening machine exports from Hungary, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Slovakia was relatively modest.

In value terms, Slovakia ($X) emerged as the key foreign market for numerically controlled sharpening machines for working metal exports from Hungary.

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

Export Prices by Country

In 2022, the average numerically controlled sharpening machine export price amounted to $X per unit, picking up by 136% against the previous year. In general, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2021 an increase of 388% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Slovakia.

From 2012 to 2022, the rate of growth in terms of prices for the Czech Republic amounted to +17,989.2% per year.

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports into Hungary

In 2022, overseas purchases of numerically controlled sharpening machines for working metal were finally on the rise to reach X units after two years of decline. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 4,100%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, numerically controlled sharpening machine imports soared to $X in 2022. Overall, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 3,354% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Czech Republic (X units), Belgium (X units) and Switzerland (X units) were the main suppliers of numerically controlled sharpening machine imports to Hungary, together accounting for 75% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +82.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) constituted the largest supplier of numerically controlled sharpening machines for working metal to Hungary, comprising 90% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 5.1% share of total imports. It was followed by Belgium, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Switzerland totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+32.5% per year) and Belgium (+7.5% per year).

Import Prices by Country

The average numerically controlled sharpening machine import price stood at $X per unit in 2022, dropping by -17.6% against the previous year. In general, the import price showed a dramatic decrease. The pace of growth was the most pronounced in 2016 an increase of 245% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for Hong Kong SAR ($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 (-7.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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