Hungary: Disc Pick-Up Cartridge Market 2024

Disc Pick-Up Cartridge Market Size in Hungary

In 2021, the Hungarian disc pick-up cartridge market was finally on the rise to reach $X after two years of decline. In general, consumption saw resilient growth. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Disc Pick-Up Cartridge Production in Hungary

In value terms, disc pick-up cartridge production expanded to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 8.3%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Disc Pick-Up Cartridge Exports

Exports from Hungary

In 2021, approx. X units of pick-up cartridges for discs or mechanically recorded sound films were exported from Hungary; jumping by 24% on 2020. Overall, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of 35% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, disc pick-up cartridge exports surged to $X in 2021. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 100%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Serbia (X units), Romania (X units) and Montenegro (X units) were the main destinations of disc pick-up cartridge exports from Hungary, together comprising 48% of total exports. Slovakia, Latvia, Croatia and North Macedonia lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +56.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Slovakia ($X) and Latvia ($X) were the largest markets for disc pick-up cartridge exported from Hungary worldwide, together accounting for 64% of total exports.

In terms of the main countries of destination, Slovakia, with a CAGR of +132.3%, recorded 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

The average disc pick-up cartridge export price stood at $X per unit in 2021, surging by 19% against the previous year. In general, the export price recorded a buoyant expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 53% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Slovakia ($X per unit), while the average price for exports to Serbia ($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 Slovakia (+46.4%), while the prices for the other major destinations experienced more modest paces of growth.

Disc Pick-Up Cartridge Imports

Imports into Hungary

In 2021, purchases abroad of pick-up cartridges for discs or mechanically recorded sound films was finally on the rise to reach X units after two years of decline. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 217% against the previous year. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, disc pick-up cartridge imports surged to $X in 2021. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2016 when imports increased by 85%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest disc pick-up cartridge supplier to Hungary, accounting for a 73% share of total imports. Moreover, disc pick-up cartridge imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. Japan (X units) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +39.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-6.3% per year) and Japan (+2.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of pick-up cartridges for discs or mechanically recorded sound films to Hungary, comprising 82% of total imports. The second position in the ranking was held by China ($X), with a 5.9% share of total imports. It was followed by Japan, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +219.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+35.5% per year) and Japan (+7.4% per year).

Import Prices by Country

The average disc pick-up cartridge import price stood at $X per unit in 2021, falling by -10.9% against the previous year. Overall, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of 170%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+39.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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