Hungary: Market for Parts Of Apparatus Of Hs 2025

Market Size for Parts Of Apparatus Of Hs in Hungary

The Hungarian market for parts of apparatus of hs skyrocketed to $X in 2021, rising by 86% against the previous year. Over the period under review, consumption continues to indicate buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Parts Of Apparatus Of Hs in Hungary

In value terms, parts of apparatus of hs production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 64%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Parts Of Apparatus Of Hs

Exports from Hungary

In 2021, overseas shipments of parts of apparatus of hs decreased by -26% to X units for the first time since 2017, thus ending a three-year rising trend. Overall, exports saw a pronounced descent. The pace of growth appeared the most rapid in 2020 when exports increased by 1,582%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, parts of apparatus of hs exports expanded markedly to $X in 2021. In general, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 75%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Germany (X units), Poland (X units) and Belgium (X units) were the main destinations of parts of apparatus of hs exports from Hungary, with a combined 53% share of total exports. These countries were followed by Slovakia, Spain, Romania, Sweden, France, the UK, Turkey, the Czech Republic, Italy and Portugal, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +51.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for parts of apparatus of hs exported from Hungary were Germany ($X), Italy ($X) and Sweden ($X), with a combined 53% share of total exports.

Among the main countries of destination, Sweden, with a CAGR of +75.2%, 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

The average export price for parts of apparatus of hs stood at $X per unit in 2021, growing by 55% against the previous year. Over the period under review, the export price showed a significant expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 1,323%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Portugal ($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 Italy (+58.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports into Hungary

For the fifth consecutive year, Hungary recorded growth in purchases abroad of parts of apparatus of hs, which increased by 0.7% to X units in 2021. Over the period under review, imports continue to indicate a tangible expansion. The growth pace was the most rapid in 2020 when imports increased by 171% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, parts of apparatus of hs imports surged to $X in 2021. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 29%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of parts of apparatus of hs imports to Hungary, together accounting for 63% of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +22.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of parts of apparatus of hs to Hungary, comprising 32% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Vietnam, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.6% per year) and Vietnam (+18.0% per year).

Import Prices by Country

In 2021, the average import price for parts of apparatus of hs amounted to $X per unit, picking up by 22% against the previous year. Over the period under review, the import price recorded prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 424%. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Ukraine ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :