Hungary - Needle Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNeedle Roller Bearing Price in Hungary - 2023
Contents:
- Needle Roller Bearing Price in Hungary (CIF) - 2023
- Needle Roller Bearing Price in Hungary (FOB) - 2023
- Needle Roller Bearing Imports in Hungary
- Needle Roller Bearing Exports in Hungary
Needle Roller Bearing Price in Hungary (CIF) - 2023
In July 2023, the import price in Hungary amounted to $35,292 per ton, shrinking by -2.4% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.0%. The pace of growth was the most pronounced in August 2022 an increase of 19% m-o-m. Hungary import price peaked at $39,589 per ton in December 2022; however, from January 2023 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In July 2023, the country with the highest price was China ($46,173 per ton), while India ($1,277 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the other leaders experienced more modest paces of growth.
Needle Roller Bearing Price in Hungary (FOB) - 2023
The export price in Hungary stood at $73,958 per ton in July 2023, waning by -19% against the previous month. Over the period under review, the export price showed a mild decline. The pace of growth was the most pronounced in November 2022 when the export price increased by 51% against the previous month. The Hungary export price peaked at $101K per ton in May 2023; however, from June 2023 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices amongst the major exporting countries. In July 2023, the country with the highest price was Sweden ($308K per ton), while India ($29,262 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Sweden (+8.7%), while the other leaders experienced more modest paces of growth.
Needle Roller Bearing Imports in Hungary
In 2022, approx. 558 tons of needle roller bearings were imported into Hungary; which is down by -17.2% compared with the year before. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. As a result, imports attained the peak of 674 tons, and then shrank rapidly in the following year.
In value terms, needle roller bearing imports shrank notably to $17M in 2022. In general, total imports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +3.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 42% against the previous year.
| Import of Needle Roller Bearing in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 199 | 163 | 188 | 209 | 1.6% |
| United States | 157 | 119 | 161 | 161 | 0.8% |
| Mexico | 129 | 110 | 132 | 133 | 1.0% |
| China | 100 | 100 | 132 | 123 | 7.1% |
| South Korea | 77.6 | 67.9 | 77.6 | 66.8 | -4.9% |
| Netherlands | 44.1 | 34.9 | 38.4 | 44.6 | 0.4% |
| Japan | 47.4 | 39.9 | 51.0 | 43.8 | -2.6% |
| Italy | 43.4 | 33.6 | 38.3 | 42.8 | -0.5% |
| Thailand | 41.2 | 37.2 | 47.8 | 42.3 | 0.9% |
| Brazil | 33.8 | 27.0 | 37.9 | 40.1 | 5.9% |
| Nigeria | 0.7 | 3.8 | 14.4 | 39.8 | 284.5% |
| France | 48.4 | 37.4 | 41.4 | 38.5 | -7.3% |
| Indonesia | 31.2 | 20.6 | 32.8 | 32.9 | 1.8% |
| Others | -936.4 | -770.9 | -964.3 | -1,000.8 | 2.2% |
| Total | 15.6 | 22.1 | 28.7 | 17.1 | 3.1% |
Top Suppliers of Needle Roller Bearing to Hungary in 2022:
- Germany (13.3K tons)
- United States (8.4K tons)
- Mexico (6.0K tons)
- China (2.9K tons)
- Nigeria (2.6K tons)
- Indonesia (2.3K tons)
- South Korea (2.3K tons)
- Brazil (1.9K tons)
- Thailand (1.9K tons)
- France (1.8K tons)
- Japan (1.7K tons)
- Netherlands (1.5K tons)
- Italy (1.5K tons)
Needle Roller Bearing Exports in Hungary
After two years of decline, overseas shipments of needle roller bearings increased by 43% to 52 tons in 2022. The total export volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, needle roller bearing exports surged to $3.9M in 2022. The total export value increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.
| Export of Needle Roller Bearing in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 256 | 234 | 278 | 285 | 3.6% |
| Japan | 265 | 212 | 268 | 230 | -4.6% |
| China | 169 | 163 | 220 | 211 | 7.7% |
| Slovakia | 82.7 | 67.3 | 83.3 | 126 | 15.1% |
| United States | 120 | 105 | 130 | 125 | 1.4% |
| France | 63.8 | 58.1 | 66.2 | 56.1 | -4.2% |
| South Korea | 47.7 | 42.6 | 60.7 | 55.0 | 4.9% |
| Netherlands | 37.8 | 28.1 | 33.8 | 35.4 | -2.2% |
| Czech Republic | 27.1 | 20.0 | 19.5 | 25.8 | -1.6% |
| Mexico | 15.4 | 13.4 | 23.1 | 25.8 | 18.8% |
| Romania | 15.2 | 10.2 | 13.7 | 13.4 | -4.1% |
| Others | -1,097.1 | -950.4 | -1,193.8 | -1,184.4 | 2.6% |
| Total | 3.4 | 4.0 | 3.0 | 3.9 | 4.7% |
Top Export Markets for Needle Roller Bearing from Hungary in 2022:
- China (14.1K tons)
- Japan (8.8K tons)
- Germany (8.1K tons)
- Slovakia (7.3K tons)
- France (3.4K tons)
- South Korea (2.4K tons)
- United States (1.9K tons)
- Mexico (1.8K tons)
- Czech Republic (1.6K tons)
- Romania (1.5K tons)
- Netherlands (1.0K tons)
This report provides an in-depth analysis of the needle roller 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 28151070 - Needle roller 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
-
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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