Hungary: Hand Stamp Market 2024

Hand Stamp Market Size in Hungary

The Hungarian hand stamp market skyrocketed to $X in 2022, with an increase of 96% against the previous year. In general, consumption enjoyed a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Hand Stamp Production in Hungary

In value terms, hand stamp production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable reduction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 24% against the previous year. Hand stamp production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Hand Stamp Exports

Exports from Hungary

After six years of growth, overseas shipments of stamps for use in the hand decreased by -10.4% to X units in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 417%. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, hand stamp exports contracted notably to $X in 2022. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 382% against the previous year. The exports peaked at $X in 2021, and then shrank notably in the following year.

Exports by Country

The Netherlands (X units) was the main destination for hand stamp exports from Hungary, accounting for a 26% share of total exports. Moreover, hand stamp exports to the Netherlands exceeded the volume sent to the second major destination, Italy (X units), twofold. The third position in this ranking was taken by Romania (X units), with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled +284.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+105.1% per year) and Romania (+10.8% per year).

In value terms, the largest markets for hand stamp exported from Hungary were the Netherlands ($X), Spain ($X) and Italy ($X), together accounting for 41% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +160.5%, 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

In 2022, the average hand stamp export price amounted to $X per unit, waning by -79.4% against the previous year. In general, the export price saw a deep setback. The pace of growth was the most pronounced in 2021 when the average export price increased by 165% against the previous year. As a result, the export price attained the peak level of $X per unit, and then dropped notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Portugal ($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 Romania (-4.0%), while the prices for the other major destinations experienced a decline.

Hand Stamp Imports

Imports into Hungary

In 2022, purchases abroad of stamps for use in the hand increased by 76% to X units, rising for the second year in a row after two years of decline. Overall, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hand stamp imports soared to $X in 2022. In general, imports posted a resilient increase. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Austria (X units) constituted the largest supplier of hand stamp to Hungary, with a 42% share of total imports. Moreover, hand stamp imports from Austria exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Slovakia (X units), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Austria totaled +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+58.9% per year) and Slovakia (+34.0% per year).

In value terms, Austria ($X) constituted the largest supplier of stamps for use in the hand to Hungary, comprising 54% of total imports. The second position in the ranking was held by Slovakia ($X), with a 15% share of total imports. It was followed by Germany, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Austria amounted to +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+24.9% per year) and Germany (+7.5% per year).

Import Prices by Country

In 2022, the average hand stamp import price amounted to $X per unit, surging by 1.7% against the previous year. Over the period under review, the import price, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 85% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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