Hungary: Market for Television, Video and Digital Cameras 2025

Market Size for Television, Video and Digital Cameras in Hungary

In 2022, after two years of growth, there was decline in the Hungarian market for television, video and digital cameras, when its value decreased by -2.5% to $X. In general, consumption, however, showed a relatively flat trend pattern. Television, video and digital camera consumption peaked at $X in 2021, and then fell slightly in the following year.

Production of Television, Video and Digital Cameras in Hungary

In value terms, television, video and digital camera production rose rapidly to $X in 2022 estimated in export price. Overall, production continues to indicate a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 300%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Television, Video and Digital Cameras

Exports from Hungary

In 2022, shipments abroad of television, video and digital cameras decreased by -0.6% to X units, falling for the third year in a row after four years of growth. Overall, exports, however, posted strong growth. The growth pace was the most rapid in 2016 with an increase of 129%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, television, video and digital camera exports declined to $X in 2022. In general, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 45%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for television, video and digital camera exports from Hungary, with a 47% share of total exports. Moreover, television, video and digital camera exports to Germany exceeded the volume sent to the second major destination, the United States (X units), fourfold. Spain (X units) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +44.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+9.7% per year) and Spain (+46.7% per year).

In value terms, Germany ($X) remains the key foreign market for television, video and digital cameras exports from Hungary, comprising 37% of total exports. The second position in the ranking was taken by the United States ($X), with an 8.8% share of total exports. It was followed by Spain, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +31.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+9.0% per year) and Spain (+30.8% per year).

Export Prices by Country

In 2022, the average export price for television, video and digital cameras amounted to $X per unit, falling by -6.1% against the previous year. In general, the export price saw a pronounced setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 72%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 the UK ($X per unit), while the average price for exports to Mexico ($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 (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Television, Video and Digital Cameras

Imports into Hungary

Television, video and digital camera imports into Hungary dropped to X units in 2022, reducing by -7.6% on the year before. Over the period under review, imports, however, enjoyed a slight increase. The pace of growth appeared the most rapid in 2019 when imports increased by 41%. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, television, video and digital camera imports shrank to $X in 2022. In general, imports, however, continue to indicate measured growth. The growth pace was the most rapid in 2018 with an increase of 44%. Over the period under review, imports attained the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

Hong Kong SAR (X units), China (X units) and Romania (X units) were the main suppliers of television, video and digital camera imports to Hungary, together accounting for 63% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +66.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), China ($X) and Poland ($X) appeared to be the largest television, video and digital camera suppliers to Hungary, together comprising 49% of total imports. Romania, Germany, the Netherlands, Thailand, Ireland, the Czech Republic and Slovakia lagged somewhat behind, together accounting for a further 37%.

Romania, with a CAGR of +71.4%, 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

In 2022, the average import price for television, video and digital cameras amounted to $X per unit, stabilizing at the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, television, video and digital camera import price increased by +21.9% against 2017 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 39%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices stood 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 ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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