Hungary - Machine Tools For Working Metal Without Removing Metal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Machine Tool for Metal in Hungary - 2023
Contents:
- Price for Machine Tool for Metal in Hungary (CIF) - 2022
- Price for Machine Tool for Metal in Hungary (FOB) - 2022
- Imports of Machine Tool for Metal in Hungary
- Exports of Machine Tool for Metal in Hungary
Price for Machine Tool for Metal in Hungary (CIF) - 2022
In 2022, the average machine tool for metal import price amounted to $395 per unit, dropping by -71.2% against the previous year. Overall, the import price faced a dramatic downturn. The most prominent rate of growth was recorded in 2015 an increase of 101% against the previous year. As a result, import price attained the peak level of $29,515 per unit. From 2016 to 2022, the average 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 Germany ($1,805 per unit), while the price for Poland ($122 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.5%), while the prices for the other major suppliers experienced a decline.
Price for Machine Tool for Metal in Hungary (FOB) - 2022
In 2022, the average machine tool for metal export price amounted to $672 per unit, rising by 74% against the previous year. Overall, the export price, however, showed a abrupt downturn. Over the period under review, the average export prices hit record highs at $12,647 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($3,138 per unit), while the average price for exports to Slovakia ($91 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-3.4%), while the prices for the other major destinations experienced a decline.
Imports of Machine Tool for Metal in Hungary
In 2022, the amount of machine tools for working metal without removing metal imported into Hungary soared to 9.8K units, growing by 282% compared with the previous year. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 343%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, machine tool for metal imports rose remarkably to $3.9M in 2022. Overall, imports enjoyed a tangible increase. The growth pace was the most rapid in 2020 when imports increased by 162%. As a result, imports attained the peak of $9.5M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Machine Tool for Metal in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 91.4 | N/A | 0.3 | 1,554 | 157.1% |
| China | 338 | 932 | 906 | 514 | 15.0% |
| Germany | 1,594 | 6,979 | 318 | 221 | -48.2% |
| Turkey | 69.8 | 656 | N/A | 201 | 42.3% |
| Italy | 456 | 40.9 | 1,981 | 0.7 | -88.5% |
| Others | 1,071 | 881 | 316 | 1,390 | 9.1% |
| Total | 3,621 | 9,489 | 3,521 | 3,880 | 2.3% |
Top Suppliers of Machine Tool for Metal to Hungary in 2022:
- Italy (undefinedK units)
- South Korea (8.3K units)
- Turkey (0.6K units)
- China (0.4K units)
- Germany (0.1K units)
Exports of Machine Tool for Metal in Hungary
For the fourth year in a row, Hungary recorded growth in shipments abroad of machine tools for working metal without removing metal, which increased by 33% to 1.4K units in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 143% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, machine tool for metal exports soared to $926K in 2022. In general, exports, however, saw a deep setback. The exports peaked at $1.6M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Machine Tool for Metal in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.0 | 3.1 | N/A | 274 | 128.4% |
| Morocco | N/A | N/A | N/A | 197 | 0% |
| Mexico | N/A | 322 | 90.6 | 147 | -32.4% |
| Vietnam | 34.5 | 18.7 | N/A | 126 | 54.0% |
| Indonesia | 129 | N/A | 31.3 | 61.2 | -22.0% |
| Russia | 2.5 | 10.1 | N/A | 49.0 | 169.6% |
| Slovakia | N/A | 6.4 | 105 | 11.9 | 36.4% |
| Syrian Arab Republic | N/A | 1.6 | N/A | N/A | 0% |
| India | 1,038 | N/A | N/A | N/A | 0% |
| Libya | N/A | N/A | 2.3 | N/A | 0% |
| Others | 375 | 671 | 172 | 59.5 | -45.9% |
| Total | 1,602 | 1,032 | 401 | 926 | -16.7% |
Top Export Markets for Machine Tool for Metal from Hungary in 2022:
- Morocco (968.0 units)
- Slovakia (130.0 units)
- China (92.0 units)
- Indonesia (55.0 units)
- Vietnam (40.0 units)
- Russia (38.0 units)
- Mexico (18.0 units)
This report provides an in-depth analysis of the market for machine tool for metal 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 28413470 - Riveting machines, swaging machines and spinning lathes for working metal, machines for manufacturing flexible tubes of spiral metal strip and electro-magnetic pulse metal forming machines, and other machine tools for working metal without removing metal
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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