Report Update Nov 1, 2024

Hungary - Turbo-Jets of A Thrust Exceeding 25 Kn - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Market for Turbo-Jets Of A Thrust Exceeding 25 kN 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for turbo-jets of a thrust exceeding 25 kn in the world?

Brunei Darussalam constituted the country with the largest volume of turbo-jet consumption, comprising approx. 40% of total volume. Moreover, turbo-jet consumption in Brunei Darussalam exceeded the figures recorded by the second-largest consumer, Paraguay, fourfold. The third position in this ranking was occupied by South Africa, with a 9.6% share.

What are the largest producers of turbo-jets of a thrust exceeding 25 kn in the world?

Hong Kong SAR remains the largest turbo-jet producing country worldwide, accounting for 53% of total volume. Moreover, turbo-jet production in Hong Kong SAR exceeded the figures recorded by the second-largest producer, Ireland, fourfold. The third position in this ranking was occupied by Germany, with a 10% share.

What are the leading suppliers of turbo-jets of a thrust exceeding 25 kn to Hungary?

In value terms, the United States constituted the largest supplier of turbo-jet to Hungary.

What is the average export price for turbo-jets of a thrust exceeding 25 kn in Hungary?

In 2021, the average turbo-jet export price amounted to $86,904 per unit, picking up by 8.1% against the previous year.

What is the average import price for turbo-jets of a thrust exceeding 25 kn in Hungary?

The average turbo-jet import price stood at $382,116 per unit in 2021, reducing by -11% against the previous year.

This report provides an in-depth analysis of the market for turbo-jet (over 25 kn) in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 30301200 - Turbo-jets and turbo-propellers, for civil use

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023