Hungary: Beverage Manufacturing Press Market 2024

Beverage Manufacturing Press Market Size in Hungary

The Hungarian beverage manufacturing press market shrank remarkably to $X in 2022, waning by X% against the previous year. Over the period under review, consumption saw a deep setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Beverage Manufacturing Press Production in Hungary

In value terms, beverage manufacturing press production reduced markedly to $X in 2022 estimated in export price. In general, production recorded a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Beverage Manufacturing Press Exports

Exports from Hungary

In 2022, beverage manufacturing press exports from Hungary skyrocketed to X tons, rising by X% compared with the previous year. Over the period under review, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, beverage manufacturing press exports dropped notably to $X in 2022. In general, exports, however, saw a slight setback. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for beverage manufacturing press exports from Hungary, with a X% share of total exports. Moreover, beverage manufacturing press exports to Turkey exceeded the volume sent to the second major destination, Slovakia (X tons), twofold. The third position in this ranking was taken by Romania (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Romania (X% per year).

In value terms, Slovakia ($X), Turkey ($X) and Russia ($X) appeared to be the largest markets for beverage manufacturing press exported from Hungary worldwide, with a combined X% share of total exports.

Among the main countries of destination, Russia, with a CAGR of X%, 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

In 2022, the average beverage manufacturing press export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Russia ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Beverage Manufacturing Press Imports

Imports into Hungary

Beverage manufacturing press imports into Hungary dropped to X tons in 2022, waning by X% on the year before. Overall, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, beverage manufacturing press imports contracted markedly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of beverage manufacturing press to Hungary, with a X% share of total imports. Moreover, beverage manufacturing press imports from Italy exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), fourfold. The third position in this ranking was held by Slovenia (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Slovenia (X% per year).

In value terms, Italy ($X) constituted the largest supplier of presses and crushers for beverages manufacturing to Hungary, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Slovenia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Slovenia (X% per year).

Import Prices by Country

In 2022, the average beverage manufacturing press import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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