Hungary: Video Projector Market 2024

Video Projector Market Size in Hungary

The Hungarian video projector market shrank significantly to $X in 2021, which is down by -78.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a noticeable contraction. As a result, consumption reached the peak level of $X, and then declined remarkably in the following year.

Video Projector Exports

Exports from Hungary

In 2021, video projector exports from Hungary surged to X units, growing by 62% against the previous year. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 286%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, video projector exports soared to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 119% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X units) was the main destination for video projector exports from Hungary, with a 271% share of total exports. Moreover, video projector exports to Spain exceeded the volume sent to the second major destination, the Czech Republic (X units), more than tenfold. France (X units) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +152.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+80.9% per year) and France (+113.1% per year).

In value terms, Spain ($X) remains the key foreign market for video projectors exports from Hungary, comprising 68% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 4.7% share of total exports. It was followed by France, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +124.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+46.7% per year) and France (+78.1% per year).

Export Prices by Country

In 2021, the average video projector export price amounted to $X per unit, growing by 7.6% against the previous year. Overall, the export price, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2020 an increase of 167% 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 external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-11.3%), while the prices for the other major destinations experienced a decline.

Video Projector Imports

Imports into Hungary

Video projector imports into Hungary declined remarkably to X units in 2021, waning by -48.7% compared with the previous year's figure. In general, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by 121%. Over the period under review, imports hit record highs at X units in 2020, and then fell notably in the following year.

In value terms, video projector imports contracted to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.5% against 2015 indices. The pace of growth was the most pronounced in 2014 with an increase of 47% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, China (X units) constituted the largest video projector supplier to Hungary, accounting for a 18% share of total imports. Moreover, video projector imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Slovakia (X units), with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +54.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.0% per year) and Slovakia (+12.3% per year).

In value terms, the largest video projector suppliers to Hungary were China ($X), Germany ($X) and Slovakia ($X), with a combined 16% share of total imports.

China, with a CAGR of +36.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average video projector import price stood at $X per unit in 2021, increasing by 68% against the previous year. Over the period under review, the import price, however, recorded a abrupt curtailment. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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