Hungary: Photo-Copying Apparatus Market 2024

Photo-Copying Apparatus Market Size in Hungary

The Hungarian photo-copying apparatus market soared to $X in 2022, increasing by 68% 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, showed a abrupt decrease. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Photo-Copying Apparatus Exports

Exports from Hungary

In 2022, overseas shipments of photo-copying apparatus decreased by -55.2% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 647%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, photo-copying apparatus exports shrank significantly to $X in 2022. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 264% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X units) was the main destination for photo-copying apparatus exports from Hungary, with a 61% share of total exports. Moreover, photo-copying apparatus exports to Romania exceeded the volume sent to the second major destination, Switzerland (X units), fivefold. The third position in this ranking was held by Serbia (X units), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume to Romania amounted to +97.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+50.8% per year) and Serbia (+11.6% per year).

In value terms, Switzerland ($X), Romania ($X) and the Netherlands ($X) constituted the largest markets for photo-copying apparatus exported from Hungary worldwide, with a combined 68% share of total exports.

Among the main countries of destination, Romania, with a CAGR of +106.3%, 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

In 2022, the average photo-copying apparatus export price amounted to $X per unit, waning by -12.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 an increase of 237% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Romania ($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 France (+31.8%), while the prices for the other major destinations experienced mixed trend patterns.

Photo-Copying Apparatus Imports

Imports into Hungary

In 2022, approx. X units of photo-copying apparatus were imported into Hungary; increasing by 56% compared with 2021. In general, imports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 160%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, photo-copying apparatus imports shrank slightly to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 468%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X units) constituted the largest photo-copying apparatus supplier to Hungary, with a 41% share of total imports. Moreover, photo-copying apparatus imports from Poland exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Germany (X units) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +48.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+27.0% per year) and Germany (+17.0% per year).

In value terms, Poland ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest photo-copying apparatus suppliers to Hungary, with a combined 52% share of total imports. China, the UK, Austria, Sweden and the United States lagged somewhat behind, together comprising a further 29%.

The UK, with a CAGR of +53.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average photo-copying apparatus import price stood at $X per unit in 2022, reducing by -38.4% against the previous year. Over the period under review, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 189%. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 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 the UK ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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