Hungary: Market for Vacuum Cleaners Without Motor 2025

Market Size for Vacuum Cleaners Without Motor in Hungary

In 2022, the Hungarian vacuum cleaner without motor market decreased by -13.2% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption recorded a noticeable downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Vacuum Cleaners Without Motor in Hungary

In value terms, vacuum cleaner without motor production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 134% against the previous year. Vacuum cleaner without motor production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Vacuum Cleaners Without Motor

Exports from Hungary

In 2022, shipments abroad of vacuum cleaners without motor decreased by -77.4% to X units, falling for the third consecutive year after three years of growth. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 259%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, vacuum cleaner without motor exports contracted significantly to $X in 2022. Overall, exports showed a perceptible contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 395%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Serbia (X units), Belgium (X units) and Slovakia (X units) were the main destinations of vacuum cleaner without motor exports from Hungary, together accounting for 78% of total exports. Montenegro, Iraq, the Czech Republic, Bulgaria and Germany lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +48.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) emerged as the key foreign market for vacuum cleaners without motor exports from Hungary, comprising 45% of total exports. The second position in the ranking was taken by Serbia ($X), with a 19% share of total exports. It was followed by Montenegro, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+25.8% per year) and Montenegro (+17.9% per year).

Export Prices by Country

In 2022, the average vacuum cleaner without motor export price amounted to $X per unit, declining by -55% against the previous year. Over the period under review, the export price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 66% against the previous year. The export price peaked at $X per unit in 2021, and then reduced rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Iraq ($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 Montenegro (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Cleaners Without Motor

Imports into Hungary

In 2022, after two years of growth, there was significant decline in purchases abroad of vacuum cleaners without motor, when their volume decreased by -53.9% to X units. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 144%. Over the period under review, imports reached the maximum at X units in 2021, and then dropped remarkably in the following year.

In value terms, vacuum cleaner without motor imports contracted markedly to $X in 2022. Overall, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 245%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced notably in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of vacuum cleaner without motor to Hungary, with a 72% share of total imports. Moreover, vacuum cleaner without motor imports from Germany exceeded the figures recorded by the second-largest supplier, Romania (X units), more than tenfold. The third position in this ranking was taken by the Czech Republic (X units), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +49.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+41.1% per year) and the Czech Republic (+37.5% per year).

In value terms, Germany ($X) constituted the largest supplier of vacuum cleaners without motor to Hungary, comprising 91% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 1.6% share of total imports. It was followed by Slovakia, with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +58.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+50.6% per year) and Slovakia (+53.7% per year).

Import Prices by Country

In 2022, the average vacuum cleaner without motor import price amounted to $X per unit, jumping by 29% against the previous year. Over the period under review, the import price showed pronounced growth. The growth pace was the most rapid in 2019 an increase of 81%. The import price peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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