Hungary: Cable-Making Machine Market 2024

Cable-Making Machine Market Size in Hungary

For the third year in a row, the Hungarian cable-making machine market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption enjoyed buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cable-Making Machine Production in Hungary

In value terms, cable-making machine production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a significant decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cable-Making Machine Exports

Exports from Hungary

In 2022, approx. X units of rope or cable-making machines were exported from Hungary; growing by X% against 2021. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, cable-making machine exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Morocco (X units) was the main destination for cable-making machine exports from Hungary, accounting for a X% share of total exports. Moreover, cable-making machine exports to Morocco exceeded the volume sent to the second major destination, Switzerland (X units), threefold. Egypt (X units) ranked third in terms of total exports with a X% share.

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

In value terms, Morocco ($X), Egypt ($X) and Switzerland ($X) appeared to be the largest markets for cable-making machine exported from Hungary worldwide, together accounting for X% of total exports.

Switzerland, with a CAGR of X.9%, saw the highest growth rate of the value of exports, among 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 cable-making machine export price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The growth pace was the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 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 Egypt ($X per unit), while the average price for exports to North Macedonia ($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 Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cable-Making Machine Imports

Imports into Hungary

In 2022, cable-making machine imports into Hungary soared to X units, surging by X% compared with 2021 figures. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, cable-making machine imports surged to $X in 2022. Overall, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

Austria (X units), Germany (X units) and Ukraine (X units) were the main suppliers of cable-making machine imports to Hungary, with a combined X% 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 Austria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Italy ($X) appeared to be the largest cable-making machine suppliers to Hungary, together accounting for X% of total imports.

Austria, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cable-making machine import price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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