Price for Household or Laundry-Type Washing Machine in Hungary - 2023
Contents:
- Price for Household or Laundry-Type Washing Machine in Hungary (CIF) - 2023
- Price for Household or Laundry-Type Washing Machine in Hungary (FOB) - 2022
- Imports of Household or Laundry-Type Washing Machine in Hungary
- Exports of Household or Laundry-Type Washing Machine in Hungary
Price for Household or Laundry-Type Washing Machine in Hungary (CIF) - 2023
In May 2023, the average import price for household or laundry-type washing machines amounted to $204 per unit, approximately reflecting the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 73% month-to-month. As a result, import price attained the peak level of $284 per unit. From March 2023 to May 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Italy ($391 per unit), while the price for Poland ($101 per unit) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Household or Laundry-Type Washing Machine in Hungary (FOB) - 2022
The average export price for household or laundry-type washing machines stood at $242 per unit in 2021, which is down by -28.3% against the previous year. Overall, the export price saw a abrupt contraction. The growth pace was the most rapid in 2016 when the average export price increased by 634%. The export price peaked at $3,941 per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($447 per unit), while the average price for exports to Serbia ($144 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Household or Laundry-Type Washing Machine in Hungary
After three years of growth, purchases abroad of household or laundry-type washing machines decreased by -23.2% to 289K units in 2022. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 235%. Over the period under review, imports hit record highs at 376K units in 2021, and then contracted dramatically in the following year.
In value terms, household or laundry-type washing machine imports shrank dramatically to $62M in 2022. Over the period under review, imports showed a deep reduction. The smallest decline of -5.4% was in 2021. Over the period under review, imports attained the maximum at $84M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Household or Laundry-Type Washing Machine in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Slovakia | 21.5 | 19.7 | 18.5 | -7.2% | |
| Poland | 26.4 | 22.2 | 14.3 | -26.4% | |
| Italy | 6.7 | 6.0 | 9.0 | 15.9% | |
| China | 6.3 | 6.6 | 8.4 | 15.5% | |
| Romania | 1.2 | 3.6 | 5.2 | 108.2% | |
| Ukraine | 2.9 | 3.2 | 4.3 | 21.8% | |
| Russia | 1.8 | 2.6 | 3.8 | 45.3% | |
| Turkey | 8.5 | 4.3 | 3.2 | -38.6% | |
| Others | 8.4 | 10.6 | 8.0 | -2.4% | |
| Total | 83.7 | 78.9 | 74.6 | -5.6% | |
Top Suppliers of Household or Laundry-Type Washing Machine to Hungary in 2022:
- Slovakia (185.3K units)
- Poland (100.4K units)
- China (42.6K units)
- Italy (40.8K units)
- Romania (32.9K units)
- Ukraine (29.4K units)
- Russia (26.5K units)
- Turkey (21.8K units)
Exports of Household or Laundry-Type Washing Machine in Hungary
For the fourth year in a row, Hungary recorded growth in shipments abroad of household or laundry-type washing machines, which increased by 33% to 24K units in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 65% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, household or laundry-type washing machine exports skyrocketed to $8.2M in 2022. Overall, exports, however, continue to indicate a mild downturn. Over the period under review, the exports reached the maximum at $8.5M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Household or Laundry-Type Washing Machine in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Serbia | 1,002 | 1,072 | 935 | -3.4% | |
| Bosnia and Herzegovina | 457 | 457 | 463 | 0.7% | |
| Albania | 467 | 432 | 443 | -2.6% | |
| North Macedonia | 318 | 333 | 399 | 12.0% | |
| Germany | 4,526 | 1,360 | 385 | -70.8% | |
| Slovakia | 483 | 119 | 350 | -14.9% | |
| Bulgaria | 524 | 227 | 346 | -18.7% | |
| Greece | N/A | 278 | 184 | -33.8% | |
| Montenegro | 144 | 151 | 153 | 3.1% | |
| Czech Republic | 276 | 204 | 65.4 | -51.3% | |
| Others | 336 | 436 | 597 | 33.3% | |
| Total | 8,534 | 5,071 | 4,320 | -28.9% | |
Top Export Markets for Household or Laundry-Type Washing Machine from Hungary in 2022:
- Serbia (6.5K units)
- Albania (2.5K units)
- North Macedonia (1.7K units)
- Slovakia (1.7K units)
- Bosnia and Herzegovina (1.6K units)
- Bulgaria (1.5K units)
- Greece (1.2K units)
- Germany (0.9K units)
- Montenegro (0.5K units)
- Czech Republic (0.3K units)
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