Hungary: Printing Components Market 2024

Printing Components Market Size in Hungary

In 2022, the Hungarian printing components market increased by 13% to $X, rising for the second consecutive year after four years of decline. Overall, consumption, however, showed a modest expansion. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Printing Components Production in Hungary

In value terms, printing components production fell to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight expansion. The pace of growth was the most pronounced in 2021 when the production volume increased by 18% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Printing Components Exports

Exports from Hungary

In 2022, shipments abroad of printing components decreased by -60.4% to X tons, falling for the seventh year in a row after four years of growth. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 362% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, printing components exports contracted markedly to $X in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 243% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for printing components exports from Hungary, accounting for a 49% share of total exports. Moreover, printing components exports to the Czech Republic exceeded the volume sent to the second major destination, Austria (X tons), twofold. Bulgaria (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic totaled +35.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+25.5% per year) and Bulgaria (+66.7% per year).

In value terms, the largest markets for printing components exported from Hungary were Romania ($X), Austria ($X) and the Czech Republic ($X), together accounting for 57% of total exports. Bulgaria, Slovakia, Poland and Ukraine lagged somewhat behind, together accounting for a further 13%.

Bulgaria, with a CAGR of +64.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average printing components export price stood at $X per ton in 2022, jumping by 66% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to the Czech Republic ($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 Vietnam (+52.7%), while the prices for the other major destinations experienced more modest paces of growth.

Printing Components Imports

Imports into Hungary

In 2022, overseas purchases of printing components decreased by -29.3% to X tons, falling for the sixth consecutive year after five years of growth. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 78%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, printing components imports expanded sharply to $X in 2022. Overall, imports saw a slight reduction. The growth pace was the most rapid in 2014 with an increase of 55%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Austria (X tons), Turkey (X tons) and Poland (X tons) were the main suppliers of printing components imports to Hungary, with a combined 82% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +198.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest printing components suppliers to Hungary were Germany ($X), Italy ($X) and Austria ($X), with a combined 67% share of total imports. Turkey, Poland, the Czech Republic, Belgium and China lagged somewhat behind, together comprising a further 15%.

In terms of the main suppliers, Turkey, with a CAGR of +122.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average printing components import price stood at $X per ton in 2022, with an increase of 49% against the previous year. Overall, the import price, however, continues to indicate a perceptible shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 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 Belgium ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+35.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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