Hungary: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Hungary

The Hungarian wood milling machine market surged to $X in 2021, increasing by 32% 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). In general, consumption saw a prominent increase. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Wood Milling Machine Exports

Exports from Hungary

In 2021, the amount of planing, milling or moulding machines exported from Hungary declined significantly to X units, waning by -66.5% compared with the previous year. Overall, exports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 1,354% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wood milling machine exports reduced notably to $X in 2021. In general, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 1,388%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Czech Republic (X units) was the main destination for wood milling machine exports from Hungary, accounting for a 38% share of total exports. Moreover, wood milling machine exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X units), twofold. The third position in this ranking was taken by Romania (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic totaled +37.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+72.1% per year) and Romania (+45.4% per year).

In value terms, India ($X), Poland ($X) and Egypt ($X) appeared to be the largest markets for wood milling machine exported from Hungary worldwide, together accounting for 48% of total exports. The Czech Republic, Romania, France, Greece and Slovakia lagged somewhat behind, together comprising a further 28%.

In terms of the main countries of destination, Romania, with a CAGR of +93.2%, 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 wood milling machine export price stood at $X per unit in 2021, dropping by -4.9% against the previous year. Overall, the export price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 1,656% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Slovakia ($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 the United States (+151.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Milling Machine Imports

Imports into Hungary

In 2021, approx. X units of planing, milling or moulding machines were imported into Hungary; rising by 12% compared with 2020. Overall, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2013 when imports increased by 414%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, wood milling machine imports soared to $X in 2021. Over the period under review, imports showed a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 191%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), Poland (X units) and China (X units) were the main suppliers of wood milling machine imports to Hungary, together accounting for 70% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +60.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of planing, milling or moulding machines to Hungary, comprising 49% of total imports. The second position in the ranking was held by China ($X), with a 7.3% share of total imports. It was followed by Poland, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+24.4% per year) and Poland (+27.5% per year).

Import Prices by Country

The average wood milling machine import price stood at $X per unit in 2021, picking up by 38% against the previous year. In general, the import price, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 41%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, 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 Germany ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :