Hungary: Metal Sawing Machine Market 2024

Metal Sawing Machine Market Size in Hungary

In 2021, the Hungarian metal sawing machine market decreased by -16.1% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, recorded a buoyant increase. Over the period under review, the market attained the peak level at $X in 2020, and then contracted markedly in the following year.

Metal Sawing Machine Production in Hungary

In value terms, metal sawing machine production reduced to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 43%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Metal Sawing Machine Exports

Exports from Hungary

For the third year in a row, Hungary recorded growth in shipments abroad of sawing or cutting-off machines for working metal, which increased by 3.8% to X units in 2021. Overall, exports saw a strong increase. The growth pace was the most rapid in 2014 with an increase of 162% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal sawing machine exports skyrocketed to $X in 2021. In general, total exports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -13.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 113% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Serbia (X units), the Czech Republic (X units) and Romania (X units) were the main destinations of metal sawing machine exports from Hungary, together accounting for 59% of total exports. Germany, Poland, Ukraine, Italy and Slovakia lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +68.8%), while the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X) remains the key foreign market for sawing or cutting-off machines for working metal exports from Hungary, comprising 40% of total exports. The second position in the ranking was held by the Czech Republic ($X), with an 11% share of total exports. It was followed by Slovakia, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Serbia amounted to +19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+49.5% per year) and Slovakia (+11.1% per year).

Export Prices by Country

The average metal sawing machine export price stood at $X per unit in 2021, with an increase of 23% against the previous year. Overall, the export price, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 97%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Slovakia ($X per unit), while the average price for exports to the Czech Republic ($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 Costa Rica (+2,512.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Sawing Machine Imports

Imports into Hungary

In 2021, purchases abroad of sawing or cutting-off machines for working metal decreased by -18.3% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 120% against the previous year. As a result, imports attained the peak of X units, and then dropped significantly in the following year.

In value terms, metal sawing machine imports declined modestly to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -16.1% against 2016 indices. The growth pace was the most rapid in 2016 when imports increased by 69% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), the Czech Republic (X units) and China (X units) were the main suppliers of metal sawing machine imports to Hungary, together comprising 76% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +45.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovenia ($X) and the United States ($X) appeared to be the largest metal sawing machine suppliers to Hungary, with a combined 62% share of total imports.

In terms of the main suppliers, Slovenia, with a CAGR of +72.3%, saw 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

In 2021, the average metal sawing machine import price amounted to $X per unit, rising by 21% against the previous year. In general, the import price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of 109% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Slovenia ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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