Hungary: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Hungary

In 2022, the Hungarian telephone apparatus market increased by 8.1% to $X, rising for the second year in a row after two years of decline. Overall, consumption enjoyed a resilient expansion. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Telephone Apparatus Production in Hungary

In value terms, telephone apparatus production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt downturn. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Telephone Apparatus Exports

Exports from Hungary

In 2022, approx. X tons of telephone apparatus were exported from Hungary; falling by -64.4% against 2021 figures. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 198% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, telephone apparatus exports reduced to $X in 2022. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 15%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of telephone apparatus exports from Hungary, with a combined 27% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +33.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for telephone apparatus exports from Hungary, comprising 22% of total exports. The second position in the ranking was taken by France ($X), with an 8.6% share of total exports. It was followed by the Netherlands, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+9.1% per year) and the Netherlands (+29.1% per year).

Export Prices by Country

In 2021, the average telephone apparatus export price amounted to $X per ton, with a decrease of -62.2% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 an increase of 96%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Greece ($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 Bulgaria (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into Hungary

In 2022, after three years of decline, there was significant growth in overseas purchases of telephone apparatus, when their volume increased by 33% to X tons. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 184%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, telephone apparatus imports soared to $X in 2022. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest telephone apparatus supplier to Hungary, with a 51% share of total imports. Moreover, telephone apparatus imports from China exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), sevenfold. Germany (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+106.0% per year) and Germany (+11.3% per year).

In value terms, China ($X) constituted the largest supplier of telephone apparatus to Hungary, comprising 36% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+37.6% per year) and the Netherlands (+17.5% per year).

Import Prices by Country

The average telephone apparatus import price stood at $X per ton in 2021, with an increase of 26% against the previous year. Overall, the import price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 97% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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