Hungary - Hydraulic Cylinders And Systems - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hydraulic Cylinder and System in Hungary - 2023
Contents:
- Price for Hydraulic Cylinder and System in Hungary (FOB) - 2023
- Price for Hydraulic Cylinder and System in Hungary (CIF) - 2023
- Exports of Hydraulic Cylinder and System in Hungary
- Imports of Hydraulic Cylinder and System in Hungary
Price for Hydraulic Cylinder and System in Hungary (FOB) - 2023
In June 2023, the average hydraulic cylinder and system export price amounted to $1,325 per unit, with a decrease of -35.7% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 56% month-to-month. The export price peaked at $2,062 per unit in May 2023, and then reduced rapidly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($3,426 per unit), while the average price for exports to Slovakia ($233 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 Turkey (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Hydraulic Cylinder and System in Hungary (CIF) - 2023
The average hydraulic cylinder and system import price stood at $739 per unit in June 2023, with an increase of 27% against the previous month. In general, import price indicated a tangible expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, hydraulic cylinder and system import price decreased by -10.8% against April 2023 indices. The pace of growth was the most pronounced in January 2023 when the average import price increased by 39% m-o-m. The import price peaked at $828 per unit in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($815 per unit), while the price for Romania ($293 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Hydraulic Cylinder and System in Hungary
In 2022, shipments abroad of hydraulic cylinders and systems decreased by -75.2% to 11K units, falling for the second consecutive year after two years of growth. In general, exports recorded a sharp slump. The pace of growth appeared the most rapid in 2020 with an increase of 17% against the previous year. As a result, the exports reached the peak of 51K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, hydraulic cylinder and system exports dropped markedly to $13M in 2022. Over the period under review, exports saw a sharp descent. The pace of growth was the most pronounced in 2020 when exports increased by 1.5% against the previous year. As a result, the exports reached the peak of $57M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Hydraulic Cylinder and System in Hungary (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 7.8 | 4.8 | 3.9 | 3.1 | -26.5% |
South Korea | 4.8 | 3.4 | 3.4 | 2.6 | -18.5% |
Germany | 7.1 | 19.9 | 17.4 | 2.0 | -34.4% |
Czech Republic | 10.4 | 11.0 | 10.4 | 1.8 | -44.3% |
United Kingdom | 0.3 | 0.2 | 0.5 | 0.7 | 32.6% |
Turkey | 0.5 | 0.6 | 0.5 | 0.4 | -7.2% |
United States | 0.2 | 2.1 | 1.3 | 0.3 | 14.5% |
Spain | 8.4 | 4.8 | 4.2 | 0.3 | -67.1% |
Romania | 4.1 | 3.1 | 1.8 | 0.2 | -63.5% |
Sweden | N/A | N/A | 0.2 | 0.2 | 0.0% |
Italy | 4.9 | 0.8 | 0.4 | 0.1 | -72.7% |
Others | 7.9 | 6.3 | 4.8 | 1.8 | -38.9% |
Total | 56.4 | 57.2 | 48.8 | 13.4 | -38.1% |
Top Export Markets for Hydraulic Cylinder and System from Hungary in 2022:
- Czech Republic (12.1M units)
- Germany (11.2M units)
- France (8.4M units)
- South Korea (5.2M units)
- United Kingdom (2.4M units)
- Turkey (1.6M units)
- Romania (1.1M units)
- United States (0.9M units)
- Sweden (0.9M units)
- Spain (0.9M units)
- Italy (0.5M units)
Imports of Hydraulic Cylinder and System in Hungary
In 2022, the amount of hydraulic cylinders and systems imported into Hungary skyrocketed to 50K units, surging by 32% on the year before. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +11.4% 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 +55.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, hydraulic cylinder and system imports soared to $27M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.9% 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 +52.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
Import of Hydraulic Cylinder and System in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 5.1 | 6.5 | 7.2 | 7.0 | 11.1% |
Slovakia | 3.0 | 2.6 | 3.9 | 4.9 | 17.8% |
Ireland | 1.8 | 1.6 | 1.8 | 2.5 | 11.6% |
Italy | 2.0 | 1.4 | 1.8 | 2.4 | 6.3% |
Bulgaria | 0.6 | 0.9 | 0.9 | 1.7 | 41.5% |
United States | 1.4 | 1.4 | 2.0 | 1.3 | -2.4% |
India | N/A | N/A | N/A | 1.3 | 0% |
Austria | 0.7 | 0.8 | 0.7 | 0.8 | 4.6% |
Poland | 0.1 | 0.1 | 0.4 | 0.6 | 81.7% |
United Kingdom | 0.2 | 0.2 | 0.5 | 0.6 | 44.2% |
Canada | 1.0 | 0.3 | 0.5 | 0.5 | -20.6% |
China | 0.5 | 0.2 | 0.3 | 0.5 | 0.0% |
South Korea | N/A | 0.3 | N/A | 0.4 | 15.5% |
Others | 1.6 | 1.6 | 2.4 | 3.0 | 23.3% |
Total | 18.0 | 18.0 | 22.5 | 27.3 | 14.9% |
Top Suppliers of Hydraulic Cylinder and System to Hungary in 2022:
- Slovakia (51.3M units)
- Germany (51.0M units)
- Ireland (30.7M units)
- Italy (16.7M units)
- Poland (14.8M units)
- India (12.1M units)
- Bulgaria (12.0M units)
- United States (8.7M units)
- Canada (7.8M units)
- China (7.8M units)
- United Kingdom (6.5M units)
- Austria (5.1M units)
- South Korea (4.9M units)
This report provides an in-depth analysis of the market for hydraulic cylinder and system 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 28121130 - Hydraulic cylinders
- Prodcom 28121630 - Hydraulic systems (power packs with actuators)
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
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