Hungary - Suspension Systems - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSuspension System Price in Hungary - 2023
Contents:
- Suspension System Price in Hungary (CIF) - 2023
- Suspension System Price in Hungary (FOB) - 2023
- Suspension System Imports in Hungary
- Suspension System Exports in Hungary
Suspension System Price in Hungary (CIF) - 2023
The average suspension system import price stood at $7,322 per ton in August 2023, with a decrease of -4.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 19% month-to-month. As a result, import price reached the peak level of $8,363 per ton. From February 2023 to August 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Czech Republic ($15,444 per ton), while the price for Mexico ($3,142 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Suspension System Price in Hungary (FOB) - 2023
The average suspension system export price stood at $6,255 per ton in August 2023, dropping by -12.3% against the previous month. Over the period under review, export price indicated mild growth from August 2022 to August 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, suspension system export price decreased by -20.6% against June 2023 indices. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 38% m-o-m. Over the period under review, the average export prices attained the maximum at $7,878 per ton in June 2023; however, from July 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($17,845 per ton), while the average price for exports to Slovakia ($4,349 per ton) 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 Spain (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Suspension System Imports in Hungary
Suspension system imports into Hungary expanded remarkably to 25K tons in 2022, with an increase of 9.6% compared with the year before. The total import volume increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 28%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, suspension system imports reached $158M in 2022. The total import value increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 19%. As a result, imports attained the peak of $160M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Suspension System in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 45.2 | 66.7 | 56.7 | 45.5 | 0.2% |
| Czech Republic | 28.8 | 29.7 | 28.9 | 37.5 | 9.2% |
| Slovakia | 16.9 | 15.6 | 14.1 | 14.4 | -5.2% |
| Poland | 7.6 | 11.8 | 14.4 | 14.1 | 22.9% |
| Spain | 8.9 | 9.4 | 9.2 | 10.7 | 6.3% |
| China | 3.0 | 3.8 | 6.3 | 9.1 | 44.8% |
| Mexico | 1.0 | 1.3 | 3.3 | 7.1 | 92.2% |
| Turkey | 9.8 | 8.1 | 7.3 | 4.4 | -23.4% |
| Italy | 2.5 | 2.2 | 5.4 | 3.7 | 14.0% |
| Others | 11.1 | 11.4 | 12.5 | 11.7 | 1.8% |
| Total | 135 | 160 | 158 | 158 | 5.4% |
Top Suppliers of Suspension System to Hungary in 2022:
- Germany (8.9K tons)
- Czech Republic (4.1K tons)
- Poland (2.4K tons)
- Slovakia (2.3K tons)
- Mexico (1.8K tons)
- China (1.8K tons)
- Spain (1.5K tons)
- Turkey (0.9K tons)
- Italy (0.5K tons)
Suspension System Exports in Hungary
In 2022, exports of suspension systems from Hungary reached 19K tons, picking up by 12% compared with 2021 figures. The total export volume increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 13%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, suspension system exports rose notably to $98M in 2022. In general, exports recorded slight growth. The growth pace was the most rapid in 2021 when exports increased by 9.7%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Suspension System in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 61.7 | 52.2 | 47.5 | 45.4 | -9.7% |
| Romania | 7.5 | 5.1 | 7.9 | 8.9 | 5.9% |
| Turkey | 3.4 | 4.0 | 4.6 | 6.1 | 21.5% |
| Slovakia | 1.0 | 2.7 | 6.0 | 5.8 | 79.7% |
| Poland | 4.1 | 2.7 | 3.8 | 4.3 | 1.6% |
| Czech Republic | 0.5 | 0.5 | 1.7 | 3.9 | 98.3% |
| United Kingdom | 0.3 | 0.3 | 2.4 | 3.6 | 128.9% |
| France | 0.1 | 0.1 | 0.2 | 3.2 | 217.5% |
| Others | 16.6 | 14.8 | 16.3 | 16.9 | 0.6% |
| Total | 95.2 | 82.4 | 90.4 | 98.1 | 1.0% |
Top Export Markets for Suspension System from Hungary in 2022:
- Germany (11.2K tons)
- Slovakia (1.3K tons)
- Czech Republic (1.0K tons)
- Turkey (0.9K tons)
- Romania (0.9K tons)
- France (0.8K tons)
- Poland (0.7K tons)
- United Kingdom (0.6K tons)
This report provides an in-depth analysis of the suspension system 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 29323050 - Suspension systems and parts thereof (including shock absorbers)
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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