Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Hungary - 2023

Contents:

  1. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Hungary (CIF) - 2022
  2. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Hungary (FOB) - 2022
  3. Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Hungary
  4. Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Hungary

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Hungary (CIF) - 2022

In 2022, the average import price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses amounted to $989 per unit, rising by 18% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2017 an increase of 24% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

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 ($1,692 per unit), while the price for Poland ($178 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Hungary (FOB) - 2022

The average export price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses stood at $718 per unit in 2022, almost unchanged from the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 24%. Over the period under review, the average export prices reached the maximum at $1,084 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($2,113 per unit), while the average price for exports to Ukraine ($383 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 Switzerland (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Hungary

In 2022, imports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses into Hungary dropped notably to 2.1K units, reducing by -51.2% on the previous year. Overall, imports recorded a precipitous setback. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. Over the period under review, imports of hit record highs at 4.7K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses contracted rapidly to $2M in 2022. Over the period under review, imports faced a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Over the period under review, imports of reached the maximum at $3.8M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany2,0011,2761,036734-28.4%
Italy4985121,06571712.9%
Austria15763.5147138-4.2%
Poland13.1N/A0.253.760.0%
United Kingdom10481.449.532.8-31.9%
China0.10.272.811.3383.5%
Switzerland34023.51383.4-78.5%
Bulgaria18070.3108N/A-22.5%
Spain49.9716376N/A174.5%
France156N/A46.5N/A-45.4%
Romania153N/A56.3N/A-39.3%
Others14910446335032.9%
Total3,8002,8473,5572,040-18.7%

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices to Hungary in 2022:

  1. Italy (692.0 units)
  2. Germany (434.0 units)
  3. Poland (302.0 units)
  4. Austria (160.0 units)
  5. United Kingdom (50.0 units)
  6. China (19.0 units)
  7. Switzerland (7.0 units)

Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Hungary

In 2022, approx. 1.4K units of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses were exported from Hungary; shrinking by -34.1% against the previous year's figure. In general, exports continue to indicate a dramatic slump. The growth pace was the most rapid in 2021 when exports increased by 99%. The exports peaked at 2.9K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses dropped remarkably to $1M in 2022. Overall, exports faced a significant decline. The most prominent rate of growth was recorded in 2021 when exports increased by 66% against the previous year. The exports peaked at $2.7M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Austria40.111310914051.7%
Croatia12476.1194118-1.6%
Germany78.127.010299.68.4%
Slovakia60.554.351.081.210.3%
Bulgaria26046.113779.7-32.6%
Netherlands16411.045.661.2-28.0%
Switzerland1,307252N/A54.9-65.2%
Poland15.11.929152.551.5%
Czech Republic59.516.763.145.6-8.5%
Portugal64.145.547.638.8-15.4%
Romania97.846.737.528.4-33.8%
Ukraine62.124.311628.0-23.3%
GeorgiaN/AN/AN/A27.20%
Others356232375179-20.5%
Total2,6909471,5691,034-27.3%

Top Export Markets for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices from Hungary in 2022:

  1. Slovakia (202.0 units)
  2. Austria (159.0 units)
  3. Bulgaria (136.0 units)
  4. Poland (123.0 units)
  5. Croatia (113.0 units)
  6. Germany (91.0 units)
  7. Portugal (76.0 units)
  8. Ukraine (73.0 units)
  9. Netherlands (68.0 units)
  10. Georgia (65.0 units)
  11. Czech Republic (52.0 units)
  12. Romania (44.0 units)
  13. Switzerland (26.0 units)

Source: IndexBox Market Intelligence Platform

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