Hungary: Transport Container Market 2024

Transport Container Market Size in Hungary

The Hungarian transport container market skyrocketed to $X in 2022, picking up by 255% against the previous year. Overall, consumption recorded resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Transport Container Production in Hungary

In value terms, transport container production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Transport container production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Transport Container Exports

Exports from Hungary

In 2022, approx. X units of transport containers were exported from Hungary; growing by 28% against the previous year. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 568% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, transport container exports soared to $X in 2022. Over the period under review, exports, however, showed a pronounced decline. The pace of growth was the most pronounced in 2013 with an increase of 268%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X units), France (X units) and the United States (X units) were the main destinations of transport container exports from Hungary, together accounting for 72% of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +71.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for transport containers exports from Hungary, comprising 64% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 20% share of total exports. It was followed by France, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+14.3% per year) and France (+34.4% per year).

Export Prices by Country

The average transport container export price stood at $X per unit in 2022, rising by 45% against the previous year. In general, the export price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2014 when the average export price increased by 114%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Australia ($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 Slovakia (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Transport Container Imports

Imports into Hungary

In 2022, overseas purchases of transport containers increased by 332% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, transport container imports soared to $X in 2022. Overall, imports recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of transport container to Hungary, accounting for a 51% share of total imports. Moreover, transport container imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was taken by China (X units), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +45.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+25.5% per year) and China (+38.0% per year).

In value terms, Germany ($X), China ($X) and Slovakia ($X) constituted the largest transport container suppliers to Hungary, with a combined 59% share of total imports. Romania, Italy, Hong Kong SAR, Austria, Poland and Serbia lagged somewhat behind, together comprising a further 26%.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +57.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average transport container import price stood at $X per unit in 2022, falling by -32.4% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average import price increased by 132%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Serbia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :