Hungary - Refrigerators And Freezers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRefrigerator and Freezer Price in Hungary - 2023
Contents:
- Refrigerator and Freezer Price in Hungary (FOB) - 2022
- Refrigerator and Freezer Price in Hungary (CIF) - 2022
- Refrigerator and Freezer Exports in Hungary
- Refrigerator and Freezer Imports in Hungary
Refrigerator and Freezer Price in Hungary (FOB) - 2022
In 2022, the average refrigerator and freezer export price amounted to $165 per unit, rising by 6.8% against the previous year. Over the period under review, the export price, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 8.5% against the previous year. The export price peaked at $214 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($250 per unit), while the average price for exports to Spain ($85 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 (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Refrigerator and Freezer Price in Hungary (CIF) - 2022
In 2022, the average refrigerator and freezer import price amounted to $191 per unit, falling by -7.3% against the previous year. Over the period under review, the import price showed a slight contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 12% against the previous year. As a result, import price attained the peak level of $254 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($346 per unit), while the price for Serbia ($113 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Refrigerator and Freezer Exports in Hungary
In 2022, shipments abroad of refrigerators and freezers decreased by -21.7% to 1.3M units, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 12% against the previous year. As a result, the exports attained the peak of 1.9M units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, refrigerator and freezer exports reduced rapidly to $217M in 2022. Overall, exports recorded a abrupt setback. The smallest decline of -8.6% was in 2021. Over the period under review, the exports reached the maximum at $318M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Refrigerator and Freezer in Hungary (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 82.6 | 87.7 | 82.6 | 74.7 | -3.3% |
Germany | 51.3 | 55.4 | 53.6 | 46.8 | -3.0% |
Switzerland | 18.7 | 18.8 | 20.4 | 18.7 | 0.0% |
Netherlands | 23.0 | 23.2 | 15.2 | 11.9 | -19.7% |
France | 21.8 | 17.2 | 18.6 | 11.1 | -20.1% |
Finland | 11.9 | 9.0 | 10.9 | 9.7 | -6.6% |
Italy | 18.7 | 12.4 | 10.0 | 6.6 | -29.3% |
Poland | 12.3 | 9.5 | 9.3 | 5.5 | -23.5% |
United States | 1.5 | 0.5 | 3.3 | 4.8 | 47.4% |
United Kingdom | 12.9 | 8.9 | 6.1 | 3.3 | -36.5% |
Denmark | 9.2 | 7.4 | 6.3 | 3.2 | -29.7% |
Czech Republic | 11.4 | 6.6 | 3.9 | 2.2 | -42.2% |
Spain | 10.4 | 5.5 | 1.9 | 0.9 | -55.8% |
Others | 32.6 | 21.4 | 16.8 | 17.2 | -19.2% |
Total | 318 | 284 | 259 | 217 | -12.0% |
Top Export Markets for Refrigerator and Freezer from Hungary in 2022:
- Germany (432.6K units)
- Sweden (312.5K units)
- Netherlands (98.3K units)
- France (89.4K units)
- Switzerland (83.6K units)
- Italy (52.7K units)
- Poland (40.6K units)
- Finland (38.9K units)
- United States (27.3K units)
- United Kingdom (22.8K units)
- Denmark (18.5K units)
- Czech Republic (16.2K units)
- Spain (10.4K units)
Refrigerator and Freezer Imports in Hungary
In 2022, refrigerator and freezer imports into Hungary totaled 505K units, surging by 6.4% compared with 2021 figures. 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 in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, refrigerator and freezer imports fell slightly to $97M in 2022. The total import value increased at an average annual rate of +5.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. Imports peaked at $98M in 2021, and then contracted slightly in the following year.
Import of Refrigerator and Freezer in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 11.6 | 22.0 | 26.0 | 22.6 | 24.9% |
Slovakia | 11.6 | 10.6 | 16.2 | 15.9 | 11.1% |
Poland | 22.9 | 22.8 | 14.4 | 13.6 | -15.9% |
Romania | 8.5 | 9.4 | 9.9 | 12.2 | 12.8% |
Turkey | 7.0 | 5.4 | 7.0 | 8.6 | 7.1% |
Serbia | 7.4 | 5.4 | 5.2 | 7.5 | 0.4% |
Italy | 2.7 | 3.2 | 5.2 | 5.8 | 29.0% |
Germany | 4.5 | 4.0 | 4.1 | 5.0 | 3.6% |
Others | 5.2 | 9.8 | 9.8 | 5.2 | 0.0% |
Total | 81.3 | 92.6 | 97.9 | 96.5 | 5.9% |
Top Suppliers of Refrigerator and Freezer to Hungary in 2022:
- China (144.1K units)
- Romania (95.4K units)
- Serbia (66.9K units)
- Slovakia (55.1K units)
- Turkey (42.6K units)
- Poland (39.4K units)
- Italy (19.1K units)
- Germany (19.0K units)
This report provides an in-depth analysis of the refrigerator and freezer market 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 27511110 - Combined refrigerators-freezers, with separate external doors
- Prodcom 27511133 - Household-type refrigerators (including compression-type, e lectrical absorption-type) (excluding built-in)
- Prodcom 27511135 - Compression-type built-in refrigerators
- Prodcom 27511150 - Chest freezers of a capacity . .800 litres
- Prodcom 27511170 - Upright freezers of a capacity . .900 litres
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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