Hungary - Compressors For Refrigeration Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefrigerator Compressor Price in Hungary - 2023
Contents:
- Refrigerator Compressor Price in Hungary (FOB) - 2023
- Refrigerator Compressor Price in Hungary (CIF) - 2023
- Refrigerator Compressor Exports in Hungary
- Refrigerator Compressor Imports in Hungary
Refrigerator Compressor Price in Hungary (FOB) - 2023
In July 2023, the average refrigerator compressor export price amounted to $131 per unit, growing by 1.9% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 13% against the previous month. As a result, the export price reached the peak level of $131 per unit. From January 2023 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($231 per unit), while the average price for exports to the Netherlands ($106 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Refrigerator Compressor Price in Hungary (CIF) - 2023
In July 2023, the average refrigerator compressor import price amounted to $97.2 per unit, with an increase of 13% against the previous month. Over the period under review, import price indicated buoyant growth from July 2022 to July 2023: its price increased at an average monthly rate of +5.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, refrigerator compressor import price increased by +110.6% against December 2022 indices. The most prominent rate of growth was recorded in January 2023 an increase of 51% m-o-m. The import price peaked in July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Poland ($162 per unit), while the price for China ($57.1 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Refrigerator Compressor Exports in Hungary
In 2022, overseas shipments of compressors for refrigeration equipment were finally on the rise to reach 2.3M units after two years of decline. Over the period under review, exports, however, continue to indicate a deep contraction. Over the period under review, the exports hit record highs at 3M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, refrigerator compressor exports totaled $198M in 2022. In general, exports, however, showed a abrupt downturn. Over the period under review, the exports attained the peak figure at $257M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Refrigerator Compressor in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 85.9 | 71.7 | 41.1 | 47.1 | -18.2% |
| Czech Republic | 46.1 | 30.2 | 30.6 | 24.7 | -18.8% |
| Poland | 14.3 | 16.8 | 19.8 | 24.7 | 20.0% |
| Spain | 25.4 | 14.9 | 17.4 | 19.1 | -9.1% |
| Turkey | 7.0 | 10.6 | 15.5 | 17.9 | 36.7% |
| Romania | 11.9 | 14.7 | 14.1 | 17.3 | 13.3% |
| Italy | 28.2 | 21.9 | 21.5 | 15.4 | -18.3% |
| United States | 15.0 | 7.0 | 6.2 | 11.5 | -8.5% |
| Mexico | 3.5 | N/A | 8.9 | 8.3 | 33.4% |
| United Kingdom | 9.3 | 7.2 | 9.7 | 5.3 | -17.1% |
| Others | 9.9 | 6.6 | 11.3 | 6.4 | -13.5% |
| Total | 257 | 202 | 196 | 198 | -8.3% |
Top Export Markets for Refrigerator Compressor from Hungary in 2022:
- Germany (603.8K units)
- Poland (315.1K units)
- Czech Republic (304.7K units)
- Spain (245.7K units)
- Turkey (203.1K units)
- Romania (195.5K units)
- Italy (167.8K units)
- Mexico (108.1K units)
- United Kingdom (61.8K units)
- United States (52.0K units)
Refrigerator Compressor Imports in Hungary
For the third year in a row, Hungary recorded decline in overseas purchases of compressors for refrigeration equipment, which decreased by -14.2% to 1.8M units in 2022. Over the period under review, imports saw a sharp reduction. Over the period under review, imports hit record highs at 3.7M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, refrigerator compressor imports shrank rapidly to $58M in 2022. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 6.3% against the previous year. Imports peaked at $78M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Refrigerator Compressor in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.5 | 13.0 | 16.1 | 17.7 | 4.5% |
| Germany | 13.0 | 12.8 | 16.7 | 14.6 | 3.9% |
| Czech Republic | 0.5 | 5.9 | 6.4 | 6.0 | 128.9% |
| Italy | 17.0 | 17.6 | 11.0 | 3.7 | -39.8% |
| Netherlands | 16.0 | 6.0 | 2.1 | 3.4 | -40.3% |
| Poland | 1.7 | 2.0 | 2.6 | 2.0 | 5.6% |
| Austria | 3.1 | 1.2 | 0.6 | 0.5 | -45.6% |
| Others | 11.4 | 9.1 | 16.4 | 10.2 | -3.6% |
| Total | 78.2 | 67.5 | 71.8 | 58.1 | -9.4% |
Top Suppliers of Refrigerator Compressor to Hungary in 2022:
- China (847.9K units)
- Italy (410.1K units)
- Germany (209.4K units)
- Czech Republic (83.1K units)
- Poland (81.9K units)
- Netherlands (38.5K units)
- Austria (16.6K units)
This report provides an in-depth analysis of the refrigerator compressor 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 28132300 - Compressors for refrigeration equipment
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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