Hungary: Telephonic Switching Apparatus Market 2024

Telephonic Switching Apparatus Market Size in Hungary

In 2022, the Hungarian telephonic switching apparatus market increased by 13% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption continues to indicate a prominent expansion. Telephonic switching apparatus consumption peaked in 2022 and is likely to see gradual growth in years to come.

Telephonic Switching Apparatus Production in Hungary

In value terms, telephonic switching apparatus production declined sharply to $X in 2022 estimated in export price. Overall, production, however, recorded a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 374%. Telephonic switching apparatus production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Telephonic Switching Apparatus Exports

Exports from Hungary

Telephonic switching apparatus exports from Hungary shrank significantly to X units in 2022, which is down by -35.9% compared with the year before. In general, exports, however, posted modest growth. The growth pace was the most rapid in 2021 with an increase of 255%. As a result, the exports reached the peak of X units, and then declined dramatically in the following year.

In value terms, telephonic switching apparatus exports shrank to $X in 2022. Overall, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 78%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Germany (X units), the Netherlands (X units) and the United States (X units) were the main destinations of telephonic switching apparatus exports from Hungary, with a combined 13% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +63.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for telephonic switching apparatus exported from Hungary were Germany ($X), the Netherlands ($X) and the United States ($X), together comprising 45% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +51.1%, recorded 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

The average telephonic switching apparatus export price stood at $X per unit in 2021, dropping by -57.8% against the previous year. Overall, the export price, however, saw a modest expansion. The pace of growth appeared the most rapid in 2014 an increase of 141%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Austria ($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 Sweden (+26.9%), while the prices for the other major destinations experienced more modest paces of growth.

Telephonic Switching Apparatus Imports

Imports into Hungary

Telephonic switching apparatus imports into Hungary shrank significantly to X units in 2022, declining by -15.2% compared with 2021. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 82% against the previous year. Imports peaked at X units in 2021, and then shrank sharply in the following year.

In value terms, telephonic switching apparatus imports dropped modestly to $X in 2022. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2018 with an increase of 64%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

China (X units), Ukraine (X units) and the Netherlands (X units) were the main suppliers of telephonic switching apparatus imports to Hungary, together accounting for 25% of total imports.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +165.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Czech Republic ($X) and Mexico ($X) were the largest telephonic switching apparatus suppliers to Hungary, together comprising 51% of total imports. Germany, Taiwan (Chinese), the Netherlands, Ukraine, the United States, France, Romania, Luxembourg, India and the UK lagged somewhat behind, together comprising a further 32%.

Ukraine, with a CAGR of +145.1%, saw the highest growth rate of the value of imports, among 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 telephonic switching apparatus import price stood at $X per unit in 2021, dropping by -3.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 53%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average 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 ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :