Hungary: Swivel Seat Market 2024

Swivel Seat Market Size in Hungary

The Hungarian swivel seat market shrank significantly to less than $X in 2022, waning by 99.9% against the previous year. Overall, consumption, however, posted a buoyant expansion. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Swivel Seat Production in Hungary

In value terms, swivel seat production fell markedly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate significant growth. The pace of growth was the most pronounced in 2021 when the production volume increased by 433%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Swivel Seat Exports

Exports from Hungary

In 2022, the amount of swivel seats with variable height adjustments exported from Hungary surged to X units, rising by 118% compared with the year before. In general, exports posted a resilient increase. The growth pace was the most rapid in 2016 when exports increased by 1,081%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, swivel seat exports surged to $X in 2022. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 1,303%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for swivel seat exports from Hungary, with a 56% share of total exports. Moreover, swivel seat exports to France exceeded the volume sent to the second major destination, Slovakia (X units), fourfold. Romania (X units) ranked third in terms of total exports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +152.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+21.2% per year) and Romania (+15.7% per year).

In value terms, France ($X) emerged as the key foreign market for swivel seats with variable height adjustments exports from Hungary, comprising 55% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 14% share of total exports. It was followed by Romania, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to +151.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+20.6% per year) and Romania (+17.1% per year).

Export Prices by Country

In 2022, the average swivel seat export price amounted to $X per unit, approximately reflecting the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 41%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Croatia ($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 the Czech Republic (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Swivel Seat Imports

Imports into Hungary

In 2022, the amount of swivel seats with variable height adjustments imported into Hungary shrank notably to less than X units, which is down by 99.9% compared with the previous year. Over the period under review, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2019 when imports increased by 45% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, swivel seat imports declined to $X in 2022. In general, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 30% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Poland (X units), China (X units) and Germany (X units) were the main suppliers of swivel seat imports to Hungary, together comprising 72% of total imports. The Czech Republic, France, Romania, Slovakia, Austria, Hong Kong SAR, Italy, the UK and Sweden lagged somewhat behind, together comprising a further 24%.

From 2018 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +379.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest swivel seat suppliers to Hungary were Poland ($X), China ($X) and Germany ($X), together comprising 72% of total imports. The Czech Republic, France, Romania, Slovakia, Austria, Hong Kong SAR, Italy, the UK and Sweden lagged somewhat behind, together accounting for a further 24%.

Romania, with a CAGR of +362.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average swivel seat import price stood at $X per unit in 2021, surging by 13% against the previous year. Over the period under review, the import price, however, recorded a pronounced curtailment. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Sweden ($X per unit) and Italy ($X per unit), while the price for the UK ($X per unit) and Slovakia ($X per unit) were amongst the lowest.

From 2018 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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