Hungary - Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Grease Fittings and Oil Seals in Hungary - 2023
Contents:
- Price for Grease Fittings and Oil Seals in Hungary (FOB) - 2023
- Price for Grease Fittings and Oil Seals in Hungary (CIF) - 2023
- Exports of Grease Fittings and Oil Seals in Hungary
- Imports of Grease Fittings and Oil Seals in Hungary
Price for Grease Fittings and Oil Seals in Hungary (FOB) - 2023
The average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $6.4 per unit in August 2023, which is down by -7.9% against the previous month. Over the period under review, export price indicated a tangible expansion from August 2022 to August 2023: its price increased at an average monthly rate of +3.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, grease fittings and oil seals export price decreased by +0.6% against June 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 52% m-o-m. As a result, the export price reached the peak level of $6.9 per unit. From May 2023 to August 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was France ($15.6 per unit), while the average price for exports to the Netherlands ($2.1 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Grease Fittings and Oil Seals in Hungary (CIF) - 2023
The average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $6.2 per unit in August 2023, shrinking by -15.2% against the previous month. In general, import price indicated a modest expansion from August 2022 to August 2023: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, grease fittings and oil seals import price decreased by -27.5% against May 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 107% m-o-m. As a result, import price reached the peak level of $11.3 per unit. From February 2023 to August 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($28.0 per unit), while the price for Spain ($1.5 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Poland (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Grease Fittings and Oil Seals in Hungary
In 2022, the amount of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels exported from Hungary declined to 23M units, which is down by -12.1% compared with the previous year's figure. Overall, exports saw a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by 1.8% against the previous year. The exports peaked at 33M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, grease fittings and oil seals exports contracted to $85M in 2022. In general, exports saw a abrupt downturn. Over the period under review, the exports hit record highs at $131M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Grease Fittings and Oil Seals in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 86.8 | 71.6 | 70.1 | 64.1 | -9.6% |
Austria | 5.5 | 4.7 | 4.5 | 6.1 | 3.5% |
Netherlands | 2.7 | 2.2 | 2.5 | 2.9 | 2.4% |
Italy | 0.5 | 0.6 | 2.6 | 2.9 | 79.7% |
France | 16.8 | 9.3 | 3.0 | 2.0 | -50.8% |
Others | 18.3 | 16.1 | 11.5 | 7.1 | -27.1% |
Total | 131 | 105 | 94.3 | 85.1 | -13.4% |
Top Export Markets for Grease Fittings and Oil Seals from Hungary in 2022:
- Germany (16.0M units)
- Austria (2.6M units)
- Netherlands (1.7M units)
- Italy (0.8M units)
- France (0.7M units)
Imports of Grease Fittings and Oil Seals in Hungary
For the third consecutive year, Hungary recorded decline in overseas purchases of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels, which decreased by -4.6% to 10M units in 2022. Overall, imports recorded a abrupt downturn. The smallest decline of -3.3% was in 2021. Over the period under review, imports attained the maximum at 14M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, grease fittings and oil seals imports amounted to $47M in 2022. The total import value increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
Import of Grease Fittings and Oil Seals in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 22.9 | 21.3 | 26.8 | 23.7 | 1.2% |
France | 0.8 | 2.6 | 5.6 | 10.4 | 135.1% |
Austria | 2.0 | 2.2 | 2.3 | 2.2 | 3.2% |
Belgium | 1.0 | 2.3 | 0.8 | 2.1 | 28.1% |
Spain | 1.0 | 1.1 | 1.1 | 1.2 | 6.3% |
Poland | 0.9 | 1.0 | 1.9 | 0.7 | -8.0% |
Czech Republic | 1.2 | 0.9 | 0.6 | 0.6 | -20.6% |
Others | 6.1 | 5.9 | 6.8 | 6.3 | 1.1% |
Total | 36.0 | 37.2 | 46.1 | 47.3 | 9.5% |
Top Suppliers of Grease Fittings and Oil Seals to Hungary in 2022:
- Germany (5.7M units)
- France (1.7M units)
- Spain (1.0M units)
- Czech Republic (0.3M units)
- Poland (0.3M units)
- Austria (0.2M units)
- Belgium (0.2M units)
This report provides an in-depth analysis of the market for grease fittings and oil seals 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 28298400 - Non-automatic lubricating pots, greasing nipples, oil seal rings, hand wheels, levers, hand grips, safety guards and baseplates for 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.
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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
This report provides an in-depth analysis of the market for grease fittings and oil seals in Hungary.
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This report provides an in-depth analysis of the market for grease fittings and oil seals in Hungary.
This report provides an in-depth analysis of the ship propeller market in Hungary.
This report provides an in-depth analysis of the global market for grease fittings and oil seals.
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