Hungary - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpark Plug Price in Hungary - 2023
Contents:
- Spark Plug Price in Hungary (CIF) - 2022
- Spark Plug Price in Hungary (FOB) - 2022
- Spark Plug Imports in Hungary
- Spark Plug Exports in Hungary
Spark Plug Price in Hungary (CIF) - 2022
The average spark plug import price stood at $3.5 per unit in 2022, picking up by 23% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 35%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($3.5 per unit) and the Netherlands ($3.5 per unit), while the price for France ($3.5 per unit) and Belgium ($3.5 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Spark Plug Price in Hungary (FOB) - 2022
In 2022, the average spark plug export price amounted to $0.9 per unit, reducing by -36.9% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 17%. The export price peaked at $1.5 per unit in 2021, and then dropped dramatically in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Slovenia ($0.9 per unit) and Romania ($0.9 per unit), while the average price for exports to Croatia ($0.9 per unit) and Slovakia ($0.9 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (-0.1%), while the prices for the other major destinations experienced a decline.
Spark Plug Imports in Hungary
Spark plug imports into Hungary declined notably to 9.3M units in 2022, waning by -36.6% compared with the year before. In general, imports saw a abrupt shrinkage. The smallest decline of -5.2% was in 2020. Over the period under review, imports reached the maximum at 17M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, spark plug imports contracted dramatically to $33M in 2022. Overall, imports showed a deep downturn. The smallest decline of -6.1% was in 2020. Over the period under review, imports hit record highs at $49M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Spark Plug in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 22.0 | 21.1 | 23.9 | 19.3 | -4.3% |
| France | 1.1 | 1.6 | 1.7 | 3.0 | 39.7% |
| Japan | 6.5 | 2.4 | 2.9 | 3.0 | -22.7% |
| United States | 2.1 | 2.3 | 1.7 | 2.1 | 0.0% |
| Belgium | 2.6 | 2.5 | 2.7 | 2.0 | -8.4% |
| Netherlands | 1.1 | 1.0 | 1.2 | 0.7 | -14.0% |
| Austria | 0.3 | 0.3 | 0.5 | 0.7 | 32.6% |
| Turkey | 12.3 | 14.1 | 6.3 | 0.3 | -71.0% |
| Others | 1.1 | 1.1 | 1.5 | 2.0 | 22.1% |
| Total | 49.1 | 46.2 | 42.5 | 33.1 | -12.3% |
Top Suppliers of Spark Plug to Hungary in 2022:
- Germany (5.4M units)
- France (0.9M units)
- Japan (0.8M units)
- United States (0.6M units)
- Belgium (0.6M units)
- Netherlands (0.2M units)
- Austria (0.2M units)
- Turkey (0.1M units)
Spark Plug Exports in Hungary
After two years of decline, shipments abroad of sparking plugs increased by 37% to 14M units in 2022. The total export volume increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, spark plug exports shrank to $13M in 2022. In general, exports, however, saw a mild downturn. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. As a result, the exports reached the peak of $15M, and then contracted in the following year.
| Export of Spark Plug in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 113 | 62.3 | 2,861 | 3,099 | 201.6% |
| Poland | 1,821 | 2,111 | 2,544 | 2,372 | 9.2% |
| Romania | 1,486 | 1,327 | 1,582 | 1,366 | -2.8% |
| Belgium | 1,352 | 1,366 | 1,743 | 1,247 | -2.7% |
| Ukraine | 535 | 617 | 850 | 539 | 0.2% |
| Italy | 555 | 542 | 512 | 469 | -5.5% |
| Slovakia | 223 | 242 | 363 | 384 | 19.9% |
| Greece | 429 | 393 | 456 | 363 | -5.4% |
| Germany | 308 | 395 | 299 | 353 | 4.7% |
| Bulgaria | 376 | 328 | 416 | 285 | -8.8% |
| Croatia | 206 | 178 | 235 | 272 | 9.7% |
| Austria | 89.2 | 290 | 439 | 238 | 38.7% |
| Slovenia | 202 | 146 | 191 | 228 | 4.1% |
| Others | 5,365 | 4,983 | 2,202 | 1,472 | -35.0% |
| Total | 13,059 | 12,978 | 14,693 | 12,689 | -1.0% |
Top Export Markets for Spark Plug from Hungary in 2022:
- Czech Republic (3323.5K units)
- Poland (2543.3K units)
- Romania (1465.1K units)
- Belgium (1337.7K units)
- Ukraine (578.5K units)
- Italy (502.4K units)
- Slovakia (412.3K units)
- Greece (388.8K units)
- Germany (378.7K units)
- Bulgaria (306.1K units)
- Croatia (291.8K units)
- Austria (255.4K units)
- Slovenia (244.5K units)
This report provides an in-depth analysis of the spark plug 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 29312130 - Sparking plugs
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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