Hungary: Market for Turbo-Jets Of A Thrust Exceeding 25 kN 2025

Market Size for Turbo-Jets Of A Thrust Exceeding 25 kN in Hungary

In 2021, after two years of decline, there was significant growth in the Hungarian turbo-jet (over X kn) market, when its value increased by 12% to $X. In general, consumption, however, continues to indicate a mild reduction. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Turbo-Jets Of A Thrust Exceeding X kN in Hungary

In value terms, turbo-jet (over X kn) production amounted to $X in 2021 estimated in export price. In general, production continues to indicate a mild descent. The growth pace was the most rapid in 2019 with an increase of 2%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Turbo-Jets Of A Thrust Exceeding 25 kN

Exports from Hungary

In 2021, after two years of growth, there was significant decline in overseas shipments of turbo-jets of a thrust exceeding X kn, when their volume decreased by -58.3% to X units. Over the period under review, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 500% against the previous year. As a result, the exports reached the peak of X units, and then contracted dramatically in the following year.

In value terms, turbo-jet (over X kn) exports contracted markedly to $X in 2021. Overall, exports showed a deep contraction. The growth pace was the most rapid in 2020 when exports increased by 482% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for turbo-jet (over X kn) exports from Hungary, with a 80% share of total exports. Moreover, turbo-jet (over X kn) exports to China exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China was relatively modest.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for turbo-jets of a thrust exceeding X kn exports from Hungary, comprising 98% of total exports. The second position in the ranking was held by China ($X), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates was relatively modest.

Export Prices by Country

The average turbo-jet (over X kn) export price stood at $X per unit in 2021, reducing by -9% against the previous year. Over the period under review, the export price faced a dramatic curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 242% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to China totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.7%).

Imports of Turbo-Jets Of A Thrust Exceeding 25 kN

Imports into Hungary

In 2021, after two years of decline, there was significant growth in purchases abroad of turbo-jets of a thrust exceeding X kn, when their volume increased by 100% to X units. Over the period under review, imports continue to indicate prominent growth. The growth pace was the most rapid in 2018 with an increase of 1,800% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, turbo-jet (over X kn) imports surged to $X in 2021. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 1,839%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X units) was the main supplier of turbo-jet (over X kn) to Hungary, accounting for a approx. 100% share of total imports.

From 2014 to 2021, the average annual growth rate of volume from the United States stood at -40.5%.

In value terms, the United States ($X) constituted the largest supplier of turbo-jets of a thrust exceeding X kn to Hungary.

From 2014 to 2021, the average annual rate of growth in terms of value from the United States stood at +77.6%.

Import Prices by Country

In 2021, the average turbo-jet (over X kn) import price amounted to $X per unit, with a decrease of -41.2% against the previous year. Overall, the import price recorded a abrupt setback. The pace of growth appeared the most rapid in 2020 when the average import price increased by 143% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2014 to 2021, the rate of growth in terms of prices for the United States amounted to +1.2% per year.

Source: IndexBox Platform

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