Price for Milking Machines and Dairy Machinery in Hungary - 2023

Contents:

  1. Price for Milking Machines and Dairy Machinery in Hungary (CIF) - 2022
  2. Price for Milking Machines and Dairy Machinery in Hungary (FOB) - 2022
  3. Imports of Milking Machines and Dairy Machinery in Hungary
  4. Exports of Milking Machines and Dairy Machinery in Hungary

Price for Milking Machines and Dairy Machinery in Hungary (CIF) - 2022

In 2022, the average import price for milking machines and dairy machineries amounted to $6,380 per unit, reducing by -20.9% against the previous year. Overall, the import price, however, posted a notable expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 82%. As a result, import price reached the peak level of $19,544 per unit. From 2019 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 ($12,139 per unit), while the price for Turkey ($1,857 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Milking Machines and Dairy Machinery in Hungary (FOB) - 2022

In 2022, the average export price for milking machines and dairy machineries amounted to $21,952 per unit, shrinking by -11.7% against the previous year. Over the period under review, the export price, however, showed a resilient expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 372% against the previous year. The export price peaked at $24,869 per unit in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mongolia ($84,971 per unit), while the average price for exports to Italy ($2,487 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 (+59.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Milking Machines and Dairy Machinery in Hungary

In 2022, the amount of milking machines and dairy machineries imported into Hungary soared to 4.1K units, increasing by 165% on the previous year. In general, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, milking machines and dairy machinery imports soared to $26M in 2022. Overall, imports posted a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Milking Machines and Dairy Machinery in Hungary (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands0.50.40.77.0141.0%
Germany1.60.83.94.945.2%
Belgium1.01.10.82.637.5%
Italy11.11.41.12.5-39.2%
GreeceN/A0.1N/A2.0347.2%
Denmark2.60.41.01.8-11.5%
Austria2.81.71.01.6-17.0%
Romania0.30.1N/AN/A-66.7%
Others2.31.83.93.616.1%
Total22.37.612.426.15.4%

Top Suppliers of Milking Machines and Dairy Machinery to Hungary in 2022:

  1. Italy (943.0 units)
  2. Netherlands (729.0 units)
  3. Greece (640.0 units)
  4. Belgium (623.0 units)
  5. Germany (407.0 units)
  6. Austria (161.0 units)
  7. Denmark (149.0 units)

Exports of Milking Machines and Dairy Machinery in Hungary

After two years of decline, shipments abroad of milking machines and dairy machineries increased by 296% to 190 units in 2022. Over the period under review, exports, however, recorded a sharp shrinkage. Over the period under review, the exports reached the maximum at 648 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, milking machines and dairy machinery exports surged to $4.2M in 2022. In general, exports, however, faced a abrupt decrease. The exports peaked at $6.5M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Milking Machines and Dairy Machinery in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
MongoliaN/AN/AN/A2,3180%
Romania2,845356203482-44.7%
Oman13.9N/AN/A247161.0%
Slovakia2,99915.841.5161-62.3%
Switzerland8.6N/AN/A100126.6%
Serbia8.111.111.265.5100.7%
Czech Republic27.00.5N/A47.020.3%
Italy81.350.146.323.1-34.3%
Others46944789171915.3%
Total6,4518811,1934,163-13.6%

Top Export Markets for Milking Machines and Dairy Machinery from Hungary in 2022:

  1. Romania (44.0 units)
  2. Oman (30.0 units)
  3. Mongolia (27.0 units)
  4. Slovakia (19.0 units)
  5. Switzerland (18.0 units)
  6. Italy (9.0 units)
  7. Czech Republic (9.0 units)
  8. Serbia (9.0 units)

Source: IndexBox Market Intelligence Platform

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