Hungary: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Hungary

The Hungarian metal threading machine market soared to $X in 2021, rising by 104% against the previous year. Over the period under review, consumption, however, saw a abrupt decline. Metal threading machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Metal Threading Machine Production in Hungary

In value terms, metal threading machine production declined slightly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 16% against the previous year. Metal threading machine production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Metal Threading Machine Exports

Exports from Hungary

In 2021, shipments abroad of threading or tapping machines for working metal decreased by -78% to X units for the first time since 2017, thus ending a three-year rising trend. In general, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 1,420% against the previous year. The exports peaked at X units in 2020, and then declined significantly in the following year.

In value terms, metal threading machine exports fell markedly to $X in 2021. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 379%. The exports peaked at $X in 2020, and then plummeted in the following year.

Exports by Country

Slovakia (X units), Moldova (X units) and Serbia (X units) were the main destinations of metal threading machine exports from Hungary, with a combined 88% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +26.2%), while the other leaders experienced mixed trend patterns.

In value terms, Serbia ($X), Moldova ($X) and Slovakia ($X) were the largest markets for metal threading machine exported from Hungary worldwide, with a combined 91% share of total exports.

Serbia, with a CAGR of +7.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average metal threading machine export price stood at $X per unit in 2021, growing by 81% against the previous year. In general, the export price, however, faced a deep downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 163% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Slovakia ($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 Moldova (+152.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Threading Machine Imports

Imports into Hungary

Metal threading machine imports into Hungary soared to X units in 2021, growing by 44% on 2020. Overall, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 118%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal threading machine imports expanded remarkably to $X in 2021. Over the period under review, imports, however, showed a dramatic curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 51% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Slovenia (X units), Spain (X units) and Slovakia (X units) were the main suppliers of metal threading machine imports to Hungary, with a combined 74% share of total imports. These countries were followed by China, the Netherlands, Germany and France, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +69.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Slovakia ($X) and Germany ($X) constituted the largest metal threading machine suppliers to Hungary, together accounting for 65% of total imports. China, the Netherlands, Slovenia and France lagged somewhat behind, together accounting for a further 17%.

China, with a CAGR of +40.0%, 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 metal threading machine import price stood at $X per unit in 2021, declining by -26.7% against the previous year. Over the period under review, the import price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 36%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for Slovenia ($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 Netherlands (+4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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