Report Update: Apr 1, 2024

Hungary - Motor Vehicles For Travelling On Snow Or Golf Cars - Market Analysis, Forecast, Size, Trends And Insights

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Snow Motor Vehicle Price in Hungary - 2023

Snow Motor Vehicle Price in Hungary (CIF) - 2023

The average snow motor vehicle import price stood at $3,262 per unit in July 2023, rising by 60% against the previous month. In general, the import price, however, recorded a mild slump. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 321% against the previous month. As a result, import price attained the peak level of $23,237 per unit; afterwards, it flattened through to 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 Taiwan (Chinese) ($3,888 per unit), while the price for China amounted to $1,491 per unit.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.3%), while the prices for the other major suppliers experienced a decline.

Snow Motor Vehicle Price in Hungary (FOB) - 2022

The average snow motor vehicle export price stood at $9,738 per unit in 2022, waning by -10.5% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +9.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the average export price increased by 143% against the previous year. Over the period under review, the average export prices hit record highs at $10,878 per unit in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($20,265 per unit), while the average price for exports to Greece ($3,263 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 Poland (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Snow Motor Vehicle Imports in Hungary

In 2022, overseas purchases of motor vehicles for travelling on snow or golf cars were finally on the rise to reach 3.8K units after two years of decline. Overall, imports, however, saw a relatively flat trend pattern. Imports peaked at 3.9K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, snow motor vehicle imports soared to $3.8M in 2022. Over the period under review, total imports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Snow Motor Vehicle in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	2,172	1,621	1,406	2,524	5.1%
China	216	126	142	216	0.0%
Hong Kong SAR	N/A	N/A	109	208	90.8%
Germany	526	5.2	704	38.2	-58.3%
Others	664	1,714	115	820	7.3%
Total	3,578	3,467	2,476	3,805	2.1%

Top Suppliers of Snow Motor Vehicle to Hungary in 2022:

Taiwan (Chinese) (3108.0 units)
Hong Kong SAR (294.0 units)
China (286.0 units)
Germany (7.0 units)

Snow Motor Vehicle Exports in Hungary

In 2022, approx. 108 units of motor vehicles for travelling on snow or golf cars were exported from Hungary; increasing by 64% against 2021 figures. Over the period under review, exports posted buoyant growth. The growth pace was the most rapid in 2020 when exports increased by 144%. As a result, the exports attained the peak of 188 units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, snow motor vehicle exports surged to $1.1M in 2022. In general, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2020 with an increase of 165% against the previous year. As a result, the exports attained the peak of $1.9M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Snow Motor Vehicle in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	583	57.7	102	347	-15.9%
France	N/A	N/A	11.5	201	1647.8%
Germany	N/A	N/A	151	175	15.9%
Italy	N/A	16.7	100	130	179.0%
Austria	40.3	N/A	N/A	47.9	5.9%
Poland	N/A	N/A	N/A	40.5	0%
Serbia	16.2	43.7	N/A	29.0	21.4%
Sweden	N/A	N/A	N/A	14.8	0%
Greece	N/A	N/A	N/A	13.1	0%
Finland	N/A	N/A	N/A	10.5	0%
Slovenia	N/A	N/A	148	N/A	0%
Netherlands	N/A	N/A	174	N/A	0%
Others	84.8	1,797	32.0	42.8	-20.4%
Total	724	1,915	718	1,052	13.3%

Top Export Markets for Snow Motor Vehicle from Hungary in 2022:

Romania (27.0 units)
France (25.0 units)
Germany (23.0 units)
Italy (14.0 units)
Greece (4.0 units)
Austria (3.0 units)
Poland (2.0 units)
Finland (2.0 units)
Serbia (2.0 units)
Sweden (2.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the snow motor vehicle 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 29105200 - Motor vehicles specially designed for travelling on snow, golf cars and similar vehicles

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023