Hungary - Multimeters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMultimeter Price in Hungary - 2023
Contents:
- Multimeter Price in Hungary (FOB) - 2023
- Multimeter Price in Hungary (CIF) - 2022
- Multimeter Exports in Hungary
- Multimeter Imports in Hungary
Multimeter Price in Hungary (FOB) - 2023
The average multimeter export price stood at $21.9 per unit in June 2023, dropping by -12.5% against the previous month. In general, the export price recorded a mild contraction. The pace of growth was the most pronounced in October 2022 when the average export price increased by 40% against the previous month. As a result, the export price attained the peak level of $31.0 per unit. From November 2022 to June 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Romania ($35.0 per unit), while the average price for exports to Poland ($12.8 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Multimeter Price in Hungary (CIF) - 2022
In 2022, the average multimeter import price amounted to $13 per unit, waning by -4.7% against the previous year. In general, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 an increase of 54% against the previous year. The import price peaked at $36 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Czech Republic ($39 per unit), while the price for China ($5.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.6%), while the prices for the other major suppliers experienced a decline.
Multimeter Exports in Hungary
In 2022, overseas shipments of multimeters increased by 10% to 2.8M units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt setback. Over the period under review, the exports hit record highs at 3.9M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, multimeter exports skyrocketed to $66M in 2022. In general, exports, however, recorded a deep slump. The exports peaked at $82M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Multimeter in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 34.1 | 36.0 | 33.7 | 41.4 | 6.7% |
Romania | 5.0 | 3.5 | 3.1 | 4.9 | -0.7% |
France | 3.8 | 2.2 | 2.8 | 4.1 | 2.6% |
Czech Republic | 8.7 | 4.5 | 4.5 | 3.5 | -26.2% |
Belgium | 2.1 | 2.3 | 2.3 | 2.4 | 4.6% |
Poland | 3.2 | 2.1 | 0.8 | 1.6 | -20.6% |
Spain | 6.0 | 2.2 | 0.7 | 1.4 | -38.4% |
China | 8.5 | 2.6 | 0.5 | 0.6 | -58.7% |
Others | 10.2 | 7.8 | 5.8 | 5.7 | -17.6% |
Total | 81.6 | 63.2 | 54.1 | 65.7 | -7.0% |
Top Export Markets for Multimeter from Hungary in 2022:
- Germany (1670.1K units)
- Czech Republic (225.7K units)
- Romania (184.6K units)
- Poland (158.3K units)
- France (131.9K units)
- Belgium (116.8K units)
- Spain (58.2K units)
- China (5.3K units)
Multimeter Imports in Hungary
After three years of growth, purchases abroad of multimeters decreased by -6.9% to 379K units in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 57% against the previous year. Over the period under review, imports attained the maximum at 407K units in 2021, and then reduced in the following year.
In value terms, multimeter imports dropped to $4.8M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62%. As a result, imports reached the peak of $5.4M, and then reduced in the following year.
Import of Multimeter in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 517 | 1,093 | 1,921 | 1,239 | 33.8% |
Germany | 979 | 959 | 934 | 1,022 | 1.4% |
Czech Republic | 453 | 235 | 259 | 969 | 28.8% |
Austria | 137 | 98.4 | 1,079 | 217 | 16.6% |
Poland | 223 | 215 | 234 | 182 | -6.5% |
United Kingdom | 204 | 143 | 261 | 96.8 | -22.0% |
Romania | 1.7 | 2.0 | 6.6 | 51.0 | 210.7% |
Others | 831 | 588 | 721 | 1,030 | 7.4% |
Total | 3,346 | 3,334 | 5,416 | 4,807 | 12.8% |
Top Suppliers of Multimeter to Hungary in 2022:
- China (245.1K units)
- Germany (41.9K units)
- Czech Republic (25.0K units)
- United Kingdom (15.9K units)
- Romania (8.8K units)
- Austria (7.5K units)
- Poland (6.9K units)
This report provides an in-depth analysis of the multimeter 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 26514310 - Multimeters
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
-
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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