Report Update: May 1, 2024

Hungary - Milling Industry Machinery - Market Analysis, Forecast, Size, Trends And Insights

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Milling Industry Machinery Price in Hungary - 2023

Milling Industry Machinery Price in Hungary (CIF) - 2022

In 2022, the average milling industry machinery import price amounted to $19,378 per unit, declining by -11.1% against the previous year. In general, the import price showed a noticeable decrease. The growth pace was the most rapid in 2019 an increase of 80%. The import price peaked at $30,375 per unit in 2012; however, from 2013 to 2022, 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 Denmark ($64,586 per unit), while the price for China ($5,401 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Milling Industry Machinery Price in Hungary (FOB) - 2022

In 2022, the average milling industry machinery export price amounted to $10,493 per unit, surging by 17% against the previous year. Overall, the export price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 142% against the previous year. The export price peaked at $17,397 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($43,584 per unit), while the average price for exports to Italy ($7,049 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 Serbia (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Milling Industry Machinery Imports in Hungary

In 2022, approx. 203 units of milling industry machinery were imported into Hungary; rising by 121% on 2021 figures. Overall, imports, however, saw a noticeable contraction. Over the period under review, imports hit record highs at 221 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, milling industry machinery imports soared to $3.9M in 2022. Over the period under review, imports, however, showed a abrupt setback. Imports peaked at $5.1M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Milling Industry Machinery in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	4,245	424	347	1,804	-24.8%
Poland	N/A	N/A	21.5	643	2890.7%
Denmark	103	52.2	183	452	63.7%
Italy	103	252	190	389	55.7%
China	14.3	24.9	29.1	243	157.1%
Netherlands	22.9	103	14.7	107	67.2%
Turkey	218	20.8	75.9	72.0	-30.9%
United States	149	14.0	597	N/A	100.2%
Others	229	239	547	224	-0.7%
Total	5,086	1,130	2,005	3,934	-8.2%

Top Suppliers of Milling Industry Machinery to Hungary in 2022:

Germany (83.0 units)
China (45.0 units)
Italy (24.0 units)
Poland (13.0 units)
Turkey (9.0 units)
Netherlands (8.0 units)
Denmark (7.0 units)

Milling Industry Machinery Exports in Hungary

In 2022, the amount of milling industry machinery exported from Hungary reduced notably to 97 units, with a decrease of -44.9% on the year before. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 418% against the previous year. As a result, the exports attained the peak of 176 units, and then contracted markedly in the following year.

In value terms, milling industry machinery exports fell dramatically to $1M in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 204%. As a result, the exports reached the peak of $1.6M, and then dropped rapidly in the following year.

Export of Milling Industry Machinery in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ukraine	N/A	N/A	1.3	401	30746.2%
Italy	175	12.4	1,069	176	0.2%
Slovakia	N/A	218	133	154	-16.0%
Serbia	0.2	N/A	N/A	131	768.5%
Austria	N/A	N/A	265	48.1	-81.8%
Netherlands	N/A	N/A	N/A	47.0	0%
Israel	36.2	N/A	N/A	24.5	-12.2%
Romania	43.4	241	50.6	14.3	-30.9%
Germany	42.4	2.1	4.2	6.3	-47.0%
Bosnia and Herzegovina	5.1	N/A	N/A	N/A	0%
Others	N/A	45.0	52.9	15.6	-41.1%
Total	302	518	1,576	1,018	49.9%

Top Export Markets for Milling Industry Machinery from Hungary in 2022:

Ukraine (39.0 units)
Italy (25.0 units)
Slovakia (18.0 units)
Serbia (3.0 units)
Israel (3.0 units)
Netherlands (2.0 units)
Austria (2.0 units)
Romania (1.0 units)
Germany (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the milling industry machinery 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 28931300 - Machinery used in the milling industry or for the working of cereals or dried leguminous vegetables (excluding farm-type machinery)

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