Hungary - Ball Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBall Bearing Price in Hungary - 2023
Contents:
- Ball Bearing Price in Hungary (CIF) - 2023
- Ball Bearing Price in Hungary (FOB) - 2022
- Ball Bearing Imports in Hungary
- Ball Bearing Exports in Hungary
Ball Bearing Price in Hungary (CIF) - 2023
In June 2023, the import price in Hungary amounted to $19,891 per ton, picking up by 1.8% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the import price increased by 28% m-o-m. Hungary import price peaked at $21,249 per ton in November 2022; however, from December 2022 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In June 2023, the country with the highest price was Poland ($25,374 per ton), while the Czech Republic ($6,232 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.2%), while the other leaders experienced more modest paces of growth.
Ball Bearing Price in Hungary (FOB) - 2022
The export price in Hungary stood at $8,699 per ton in 2022, with an increase of 2.1% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ball bearing export price decreased by -5.4% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by 18% against the previous year. Over the period under review, the export prices hit record highs at $9,193 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($201,523 per ton), while China ($6,818 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+23.6%), while the other leaders experienced more modest paces of growth.
Ball Bearing Imports in Hungary
For the fourth consecutive year, Hungary recorded growth in supplies from abroad of ball bearings, which increased by 3.1% to 7.8K tons in 2022. The total import volume increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Hungary imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, ball bearing imports fell slightly to $143M in 2022. The total import value increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of $145M, and then reduced in the following year.
Import of Ball Bearing in Hungary (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 1,837 | 1,453 | 1,903 | 1,966 | 2.3% |
China | 1,410 | 1,531 | 2,096 | 1,929 | 11.0% |
United States | 1,254 | 1,000 | 1,289 | 1,375 | 3.1% |
India | 435 | 343 | 533 | 619 | 12.5% |
Mexico | 518 | 433 | 583 | 595 | 4.7% |
Italy | 527 | 418 | 563 | 588 | 3.7% |
Netherlands | 445 | 432 | 519 | 518 | 5.2% |
France | 514 | 380 | 460 | 467 | -3.1% |
Japan | 421 | 348 | 416 | 441 | 1.6% |
Brazil | 244 | 226 | 333 | 393 | 17.2% |
South Korea | 348 | 302 | 401 | 351 | 0.3% |
Indonesia | 246 | 178 | 237 | 256 | 1.3% |
Russia | 246 | 175 | 212 | 194 | -7.6% |
Others | -8,335.2 | -7,107.2 | -9,400.8 | -9,547.6 | 4.6% |
Total | 110 | 111 | 145 | 143 | 9.1% |
Top Suppliers of Ball Bearing to Hungary in 2022:
- Germany (128.3K tons)
- United States (99.4K tons)
- India (85.5K tons)
- China (73.1K tons)
- Italy (45.0K tons)
- Mexico (44.6K tons)
- Netherlands (44.4K tons)
- Brazil (42.5K tons)
- Indonesia (35.6K tons)
- France (32.4K tons)
- Russia (24.9K tons)
- South Korea (23.1K tons)
- Japan (21.7K tons)
Ball Bearing Exports in Hungary
In 2022, shipments abroad of ball bearings decreased by -4.2% to 5.6K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +12.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, the exports attained the peak of 5.9K tons, and then reduced in the following year.
In value terms, ball bearing exports contracted modestly to $49M in 2022. The total export value increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 29% against the previous year. As a result, the exports reached the peak of $50M, and then fell modestly in the following year.
Export of Ball Bearing in Hungary (Billion USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.6 | 2.5 | 3.5 | 3.6 | 11.5% |
Japan | 1.8 | 1.5 | 2.0 | 1.9 | 1.8% |
Germany | 1.7 | 1.6 | 2.0 | 1.9 | 3.8% |
Italy | 0.9 | 0.7 | 0.9 | 0.9 | 0.0% |
France | 0.8 | 0.6 | 0.8 | 0.7 | -4.4% |
Netherlands | 0.4 | 0.4 | 0.5 | 0.6 | 14.5% |
Thailand | 0.4 | 0.4 | 0.5 | 0.5 | 7.7% |
South Korea | 0.5 | 0.4 | 0.5 | 0.4 | -7.2% |
Poland | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
Others | -9.3 | -8.2 | -10.8 | -10.7 | 4.8% |
Total | N/A | N/A | N/A | N/A | 0% |
Top Export Markets for Ball Bearing from Hungary in 2022:
- China (534.7K tons)
- Japan (106.6K tons)
- Germany (70.7K tons)
- Italy (61.0K tons)
- South Korea (38.3K tons)
- France (35.5K tons)
- Netherlands (35.2K tons)
- Poland (24.6K tons)
- Thailand (19.3K tons)
This report provides an in-depth analysis of the ball bearing market 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 28151030 - Ball bearings
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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