Hungary: Vices And Clamps Market 2025

Vices And Clamps Market Size in Hungary

In 2022, the Hungarian vices and clamps market decreased by -19.6% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, consumption, however, enjoyed a buoyant increase. As a result, consumption attained the peak level of $X, and then shrank sharply in the following year.

Vices And Clamps Production in Hungary

In value terms, vices and clamps production shrank to $X in 2022 estimated in export price. In general, production showed a abrupt descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 13%. Vices and clamps production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Vices And Clamps Exports

Exports from Hungary

In 2022, vices and clamps exports from Hungary skyrocketed to X tons, growing by 190% compared with the previous year's figure. Overall, exports saw significant growth. The growth pace was the most rapid in 2019 when exports increased by 314% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, vices and clamps exports surged to $X in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for vices and clamps exports from Hungary, with a 73% share of total exports. Moreover, vices and clamps exports to Germany exceeded the volume sent to the second major destination, Romania (X tons), sixfold. The Netherlands (X tons) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +80.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+38.3% per year) and the Netherlands (+764.2% per year).

In value terms, Germany ($X) remains the key foreign market for vices and clamps exports from Hungary, comprising 83% of total exports. The second position in the ranking was held by Romania ($X), with a 6.4% share of total exports. It was followed by the Netherlands, with a 1.2% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +81.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+35.1% per year) and the Netherlands (+467.5% per year).

Export Prices by Country

In 2022, the average vices and clamps export price amounted to $X per ton, picking up by 50% against the previous year. Over the period under review, the export price saw resilient growth. The most prominent rate of growth was recorded in 2013 an increase of 70% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Vices And Clamps Imports

Imports into Hungary

In 2022, after four years of growth, there was significant decline in purchases abroad of vices and clamps, when their volume decreased by -20.8% to X tons. Overall, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 57%. As a result, imports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, vices and clamps imports dropped to $X in 2022. Over the period under review, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 139% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest vices and clamps supplier to Hungary, accounting for a 51% share of total imports. Moreover, vices and clamps imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Poland (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.6% per year) and Poland (+13.2% per year).

In value terms, Germany ($X) constituted the largest supplier of vices and clamps to Hungary, comprising 69% of total imports. The second position in the ranking was held by China ($X), with a 6.6% share of total imports. It was followed by Poland, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.0% per year) and Poland (+21.7% per year).

Import Prices by Country

The average vices and clamps import price stood at $X per ton in 2022, surging by 18% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vices and clamps import price increased by +79.0% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 52%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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