Hungary: Liquid Dispensing Pump Market 2024

Liquid Dispensing Pump Market Size in Hungary

After two years of growth, the Hungarian liquid dispensing pump market decreased by -80.1% to $X in 2021. In general, consumption, however, saw tangible growth. As a result, consumption reached the peak level of $X, and then fell sharply in the following year.

Liquid Dispensing Pump Production in Hungary

In value terms, liquid dispensing pump production soared to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 142%. Liquid dispensing pump production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Liquid Dispensing Pump Exports

Exports from Hungary

In 2021, shipments abroad of pumps for dispensing liquids decreased by -31.2% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 794% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, liquid dispensing pump exports soared to $X in 2021. In general, exports, however, recorded a perceptible expansion. The pace of growth appeared the most rapid in 2019 with an increase of 766% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), Germany (X units) and Ukraine (X units) were the main destinations of liquid dispensing pump exports from Hungary, together accounting for 77% of total exports. These countries were followed by Russia, Serbia, Poland, Romania and the Czech Republic, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +157.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for liquid dispensing pump exported from Hungary were Ukraine ($X), Germany ($X) and the United States ($X), together accounting for 78% of total exports. These countries were followed by Russia, Poland, Serbia, the Czech Republic and Romania, which together accounted for a further 14%.

Among the main countries of destination, Russia, with a CAGR of +63.0%, saw 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 liquid dispensing pump export price stood at $X per unit in 2021, picking up by 202% against the previous year. Overall, the export price, however, continues to indicate a abrupt downturn. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ukraine ($X per unit), while the average price for exports to the United States ($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 Poland (+10.5%), while the prices for the other major destinations experienced a decline.

Liquid Dispensing Pump Imports

Imports into Hungary

In 2021, overseas purchases of pumps for dispensing liquids decreased by -87.2% to X units for the first time since 2015, thus ending a five-year rising trend. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 721% against the previous year. Imports peaked at X units in 2020, and then contracted rapidly in the following year.

In value terms, liquid dispensing pump imports shrank rapidly to $X in 2021. Overall, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 1,266% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of liquid dispensing pump to Hungary, with a 65% share of total imports. Moreover, liquid dispensing pump imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), eightfold. The third position in this ranking was taken by Italy (X units), with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +54.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.0% per year) and Italy (+29.5% per year).

In value terms, the United States ($X), Germany ($X) and China ($X) constituted the largest liquid dispensing pump suppliers to Hungary, together comprising 49% of total imports.

In terms of the main suppliers, the United States, with a CAGR of +51.4%, recorded the highest growth rate of 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

In 2021, the average liquid dispensing pump import price amounted to $X per unit, jumping by 122% against the previous year. Over the period under review, the import price, however, faced a deep downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 335%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: 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 United States (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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