Hungary - Seats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSeat Price in Hungary - 2023
Contents:
- Seat Price in Hungary (FOB) - 2023
- Seat Price in Hungary (CIF) - 2023
- Seat Exports in Hungary
- Seat Imports in Hungary
Seat Price in Hungary (FOB) - 2023
The average seat export price stood at $119 per unit in August 2023, which is down by -16.3% against the previous month. Overall, the export price recorded a mild downturn. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 42% m-o-m. The export price peaked at $209 per unit in November 2022; however, from December 2022 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Israel ($375 per unit), while the average price for exports to Poland ($54.2 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+30.1%), while the prices for the other major destinations experienced mixed trend patterns.
Seat Price in Hungary (CIF) - 2023
The average seat import price stood at $57.4 per unit in August 2023, declining by -5.3% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 34% m-o-m. The import price peaked at $65.3 per unit in June 2023; however, from July 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($176 per unit), while the price for Vietnam ($19.8 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Seat Exports in Hungary
In 2022, after three years of growth, there was significant decline in overseas shipments of seats, when their volume decreased by -13.3% to 9.5M units. Over the period under review, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 69% against the previous year. As a result, the exports reached the peak of 11M units, and then reduced in the following year.
In value terms, seat exports expanded sharply to $377M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.4% 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 +53.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 21%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Seat in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Germany | 152 | 205 | 254 | 29.3% | |
| Poland | 14.7 | 12.5 | 19.6 | 15.5% | |
| Austria | 19.0 | 19.9 | 15.7 | -9.1% | |
| Netherlands | 12.4 | 13.5 | 15.3 | 11.1% | |
| Switzerland | 9.6 | 9.1 | 10.8 | 6.1% | |
| Romania | 4.1 | 3.8 | 4.9 | 9.3% | |
| Slovakia | 3.7 | 3.1 | 4.1 | 5.3% | |
| France | 5.2 | 4.8 | 3.0 | -24.0% | |
| Italy | 2.4 | 2.7 | 2.9 | 9.9% | |
| Czech Republic | 2.5 | 2.2 | 2.5 | 0.0% | |
| United Kingdom | 1.3 | 0.7 | 2.1 | 27.1% | |
| Others | 18.4 | 17.7 | 20.3 | 5.0% | |
| Total | 245 | 295 | 356 | 20.5% | |
Top Export Markets for Seat from Hungary in 2022:
- Germany (2340.1K units)
- Poland (888.2K units)
- France (259.6K units)
- Romania (215.0K units)
- Netherlands (204.5K units)
- Slovakia (141.0K units)
- Czech Republic (116.4K units)
- Austria (103.8K units)
- Switzerland (97.5K units)
- Italy (83.5K units)
- United Kingdom (82.2K units)
Seat Imports in Hungary
In 2022, approx. 8M units of seats were imported into Hungary; increasing by 22% compared with the previous year's figure. The total import volume increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, seat imports reached $199M in 2022. The total import value increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Seat in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Poland | 47.5 | 47.6 | 59.2 | 11.6% | |
| China | 15.7 | 22.7 | 30.6 | 39.6% | |
| Germany | 20.0 | 21.8 | 27.9 | 18.1% | |
| Romania | 7.6 | 8.5 | 10.1 | 15.3% | |
| Slovakia | 9.9 | 7.3 | 8.5 | -7.3% | |
| Italy | 7.5 | 7.5 | 7.9 | 2.6% | |
| Netherlands | 3.3 | 6.0 | 5.6 | 30.3% | |
| Czech Republic | 4.7 | 5.0 | 5.2 | 5.2% | |
| Austria | 9.3 | 4.9 | 4.3 | -32.0% | |
| Israel | 0.7 | 0.6 | 0.9 | 13.4% | |
| Others | 23.1 | 20.9 | 22.3 | -1.7% | |
| Total | 149 | 153 | 182 | 10.5% | |
Top Suppliers of Seat to Hungary in 2022:
- Poland (1530.4K units)
- China (1013.3K units)
- Germany (476.8K units)
- Slovakia (378.9K units)
- Netherlands (259.9K units)
- Austria (143.8K units)
- Czech Republic (128.7K units)
- Romania (113.6K units)
- Italy (105.9K units)
- Israel (75.8K units)
This report provides an in-depth analysis of the seat 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 29321000 - Seats for motor vehicles
- Prodcom 30305010 - Seats for aircraft, parts thereof
- Prodcom 31001155 -
- Prodcom 31001159 -
- Prodcom 31001170 - Upholstered seats with metal frames (excluding swivel seats, m edical, surgical, dental or veterinary seats, barbers
- Prodcom 31001190 - Non-upholstered seats with metal frames (excluding medical, s urgical, dental or veterinary seats, barbers
- Prodcom 31001210 - Seats convertible into beds (excluding garden seats or camping equipment)
- Prodcom 31001230 - Seats of cane, osier, bamboo or similar materials
- Prodcom 31001250 - Upholstered seats with wooden frames (including three piece suites) (excluding swivel seats)
- Prodcom 31001290 - Non-upholstered seats with wooden frames (excluding swivel seats)
- Prodcom 31001300 - Other seats, of HS
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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