Hungary: Poultry Incubator Market 2024

Poultry Incubator Market Size in Hungary

The Hungarian poultry incubator market declined to $X in 2022, shrinking by -8.5% against the previous year. Overall, consumption recorded a deep reduction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Poultry Incubator Production in Hungary

In value terms, poultry incubator production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. Poultry incubator production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Poultry Incubator Exports

Exports from Hungary

In 2022, shipments abroad of poultry incubators and brooders decreased by -86.7% to X units, falling for the third year in a row after three years of growth. Overall, exports saw a deep downturn. The pace of growth was the most pronounced in 2019 when exports increased by 1,007% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, poultry incubator exports fell markedly to $X in 2022. Over the period under review, exports saw a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 184% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Tanzania (X units), Serbia (X units) and Slovakia (X units) were the main destinations of poultry incubator exports from Hungary. Moreover, poultry incubator exports in Tanzania exceeded the figures recorded by the second-largest exporter, Serbia, twofold.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for poultry incubator exported from Hungary were Tanzania ($X), Serbia ($X) and Slovakia ($X), together comprising 91% of total exports.

Among the main countries of destination, Slovakia, with a CAGR of +28.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average poultry incubator export price amounted to $X per unit, jumping by 268% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Slovakia ($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 Egypt (+50.7%), while the prices for the other major destinations experienced more modest paces of growth.

Poultry Incubator Imports

Imports into Hungary

In 2022, poultry incubator imports into Hungary dropped notably to X units, declining by -55.2% against the previous year's figure. Over the period under review, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 835%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, poultry incubator imports shrank sharply to $X in 2022. In general, imports recorded a precipitous contraction. The pace of growth was the most pronounced in 2016 with an increase of 915%. 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, China (X units) was the main supplier of poultry incubator to Hungary, with a 93% share of total imports. Moreover, poultry incubator imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +51.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-37.7% per year) and Germany (-46.0% per year).

In value terms, China ($X) constituted the largest supplier of poultry incubators and brooders to Hungary, comprising 63% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 24% share of total imports. It was followed by Germany, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +44.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-36.4% per year) and Germany (-0.3% per year).

Import Prices by Country

In 2022, the average poultry incubator import price amounted to $X per unit, dropping by -46.9% against the previous year. Overall, the import price showed a abrupt descent. The growth pace was the most rapid in 2019 an increase of 46%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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