Hungary: Parachute Market 2024

Parachute Market Size in Hungary

The Hungarian parachute market amounted to $X in 2021, increasing by 10% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Parachute consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Parachute Production in Hungary

In value terms, parachute production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. Parachute production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Parachute Exports

Exports from Hungary

In 2019, parachute exports from Hungary contracted sharply to X tons, dropping by -34.8% against 2018 figures. Over the period under review, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of 26%. The exports peaked at X tons in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

In value terms, parachute exports rose to $X in 2019. Overall, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2016 with an increase of 47% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

Exports by Country

Austria (X tons) was the main destination for parachute exports from Hungary, with a 66% share of total exports. Moreover, parachute exports to Austria exceeded the volume sent to the second major destination, France (X tons), threefold. Switzerland (X kg) ranked third in terms of total exports with a 6% share.

From 2012 to 2019, the average annual growth rate of volume to Austria totaled -14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+146.3% per year) and Switzerland (+18.9% per year).

In value terms, Austria ($X), France ($X) and Switzerland ($X) appeared to be the largest markets for parachute exported from Hungary worldwide, together accounting for 88% of total exports.

France, with a CAGR of +156.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average parachute export price amounted to $X per ton, with an increase of 56% against the previous year. In general, the export price saw a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Parachute Imports

Imports into Hungary

After three years of growth, purchases abroad of parachutes and rotochutes decreased by -27.7% to X tons in 2019. Overall, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 67% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018, and then declined sharply in the following year.

In value terms, parachute imports fell remarkably to $X in 2019. Over the period under review, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 151%. As a result, imports reached the peak of $X. From 2018 to 2019, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2019, France (X tons) constituted the largest supplier of parachute to Hungary, with a 53% share of total imports. Moreover, parachute imports from France exceeded the figures recorded by the second-largest supplier, Germany (X kg), threefold. The Czech Republic (X kg) ranked third in terms of total imports with an 11% share.

From 2012 to 2019, the average annual rate of growth in terms of volume from France amounted to +71.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.5% per year) and the Czech Republic (+6.9% per year).

In value terms, France ($X) constituted the largest supplier of parachutes and rotochutes to Hungary, comprising 48% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 15% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2019, the average annual growth rate of value from France amounted to +57.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+12.3% per year) and Germany (+16.8% per year).

Import Prices by Country

The average parachute import price stood at $X per ton in 2019, surging by 9.3% against the previous year. Overall, import price indicated strong growth from 2012 to 2019: its price increased at an average annual rate of +9.0% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, parachute import price decreased by -1.8% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 77%. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Czech Republic ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Austria (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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