Hungary: Silencer Market 2025

Silencer Market Size in Hungary

In 2021, after two years of growth, there was decline in the Hungarian silencer market, when its value decreased by -4% to $X. Overall, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +31.2% against 2017 indices. As a result, consumption reached the peak level of $X, and then dropped modestly in the following year.

Silencer Production in Hungary

In value terms, silencer production expanded notably to $X in 2021 estimated in export price. In general, production continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by 75%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Silencer Exports

Exports from Hungary

Silencer exports from Hungary soared to X tons in 2021, with an increase of 21% against the year before. In general, exports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2018 when exports increased by 137%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, silencer exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 190%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Slovakia (X tons) was the main destination for silencer exports from Hungary, with a 36% share of total exports. Moreover, silencer exports to Slovakia exceeded the volume sent to the second major destination, Romania (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Slovakia amounted to -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+24.9% per year) and the Czech Republic (-4.1% per year).

In value terms, the largest markets for silencer exported from Hungary were Slovakia ($X), Germany ($X) and Italy ($X), with a combined 61% share of total exports. These countries were followed by the Czech Republic, Romania, the Netherlands, France, Mexico and the UK, which together accounted for a further 34%.

In terms of the main countries of destination, Mexico, with a CAGR of +156.5%, recorded the highest rates of growth with regard to 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 silencer export price stood at $X per ton in 2021, picking up by 7.6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Silencer Imports

Imports into Hungary

Silencer imports into Hungary dropped slightly to X tons in 2021, which is down by -2.3% on the previous year. Overall, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when imports increased by 19% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, silencer imports totaled $X in 2021. Over the period under review, imports showed a deep setback. The growth pace was the most rapid in 2020 when imports increased by 32% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Poland (X tons) constituted the largest silencer supplier to Hungary, accounting for a 38% share of total imports. Moreover, silencer imports from Poland exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), twofold. Denmark (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from Poland amounted to +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-10.4% per year) and Denmark (+72.9% per year).

In value terms, Germany ($X), the Czech Republic ($X) and Poland ($X) constituted the largest silencer suppliers to Hungary, with a combined 73% share of total imports. Denmark, Italy, France and Romania lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, Denmark, with a CAGR of +65.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average silencer import price stood at $X per ton in 2021, growing by 8.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 34% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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