Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Hungary - 2023

Contents:

1. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Hungary (CIF) - 2022
2. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Hungary (FOB) - 2022
3. Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Hungary
4. Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Hungary

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Hungary (CIF) - 2022

The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $26,989 per ton in 2022, which is down by -7.1% against the previous year. In general, the import price saw a pronounced downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 23%. The import price peaked at $43,014 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($53,580 per ton), while the price for Serbia ($9,091 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Hungary (FOB) - 2022

In 2022, the average export price for machines and mechanical appliances; parts, of those having individual functionses amounted to $13,279 per ton, with a decrease of -4.2% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 an increase of 28% against the previous year. Over the period under review, the average export prices reached the maximum at $13,858 per ton in 2021, and then contracted modestly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($45,200 per ton), while the average price for exports to Croatia ($6,002 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Hungary

Imports of machines and mechanical appliances; parts, of those having individual functionses into Hungary skyrocketed to 7.9K tons in 2022, with an increase of 17% against the previous year's figure. The total import volume increased at an average annual rate of +12.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses stood at $214M in 2022. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Hungary in 2022:

1. Germany (4509.3 tons)
2. Austria (772.5 tons)
3. South Korea (407.2 tons)
4. Serbia (355.4 tons)
5. China (325.1 tons)
6. Italy (321.7 tons)
7. France (183.3 tons)
8. Poland (179.6 tons)
9. Czech Republic (172.3 tons)
10. Slovenia (67.2 tons)

Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Hungary

In 2022, the amount of machines and mechanical appliances; parts, of those having individual functionses exported from Hungary skyrocketed to 10K tons, with an increase of 23% against the previous year. The total export volume increased at an average annual rate of +6.4% 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 attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses skyrocketed to $135M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Hungary in 2022:

1. Germany (4474.7 tons)
2. Austria (2261.4 tons)
3. Italy (751.1 tons)
4. Belgium (324.5 tons)
5. United States (290.3 tons)
6. Slovakia (276.4 tons)
7. Netherlands (270.1 tons)
8. Japan (190.0 tons)
9. Slovenia (188.6 tons)
10. Croatia (188.0 tons)
11. Serbia (172.1 tons)
12. United Kingdom (47.5 tons)

Source: IndexBox Market Intelligence Platform