Hungary - Tapered Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTapered Roller Bearing Price in Hungary - 2023
Contents:
- Tapered Roller Bearing Price in Hungary (FOB) - 2023
- Tapered Roller Bearing Price in Hungary (CIF) - 2023
- Tapered Roller Bearing Exports in Hungary
- Tapered Roller Bearing Imports in Hungary
Tapered Roller Bearing Price in Hungary (FOB) - 2023
In July 2023, the export price in Hungary amounted to $12,991 per ton, which is down by -2.7% against the previous month. In general, export price indicated measured growth from July 2022 to July 2023: its price increased at an average monthly rate of +3.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, tapered roller bearing export price decreased by -7.9% against April 2023 indices. The pace of growth appeared the most rapid in January 2023 an increase of 28% m-o-m. The Hungary export price peaked at $14,098 per ton in April 2023; however, from May 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($14,779 per ton), while Sweden ($8,459 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.9%), while the other leaders experienced more modest paces of growth.
Tapered Roller Bearing Price in Hungary (CIF) - 2023
In July 2023, the import price in Hungary amounted to $10,024 per ton, with an increase of 4.4% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in December 2022 when the import price increased by 47% against the previous month. As a result, import price attained the peak level of $12,311 per ton. From January 2023 to July 2023, the import prices failed to regain momentum.
There were significant differences in the average prices amongst the major importing countries. In July 2023, the country with the highest price was Italy ($30,592 per ton), while Germany ($7,154 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.8%), while the other leaders experienced more modest paces of growth.
Tapered Roller Bearing Exports in Hungary
In 2022, tapered roller bearing exports from Hungary soared to 12K tons, growing by 57% against the previous year. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.2% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, tapered roller bearing exports surged to $143M in 2022. Over the period under review, exports saw a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tapered Roller Bearing in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 716 | 814 | 890 | 683 | -1.6% |
| China | 480 | 430 | 650 | 681 | 12.4% |
| United States | 543 | 428 | 492 | 647 | 6.0% |
| Japan | 687 | 555 | 673 | 626 | -3.1% |
| France | 388 | 316 | 383 | 369 | -1.7% |
| Romania | 255 | 203 | 254 | 353 | 11.4% |
| India | 163 | 140 | 230 | 260 | 16.8% |
| Austria | 208 | 150 | 174 | 183 | -4.2% |
| South Korea | 180 | 143 | 165 | 180 | 0.0% |
| Poland | 105 | 100 | 136 | 140 | 10.1% |
| Singapore | 96.9 | 83.0 | 114 | 124 | 8.6% |
| Italy | 112 | 100 | 110 | 107 | -1.5% |
| Thailand | 31.2 | 24.4 | 44.2 | 40.8 | 9.4% |
| Others | -3,870.7 | -3,413.9 | -4,228.0 | -4,249.2 | 3.2% |
| Total | 95.0 | 73.1 | 87.7 | 143 | 14.6% |
Top Export Markets for Tapered Roller Bearing from Hungary in 2022:
- China (130.1K tons)
- Japan (53.8K tons)
- Germany (45.2K tons)
- Romania (24.2K tons)
- France (23.8K tons)
- Austria (22.0K tons)
- South Korea (19.7K tons)
- India (19.6K tons)
- Poland (15.5K tons)
- United States (11.8K tons)
- Italy (8.2K tons)
- Thailand (8.1K tons)
- Singapore (7.4K tons)
Tapered Roller Bearing Imports in Hungary
In 2022, approx. 3.9K tons of tapered roller bearings were imported into Hungary; therefore, remained relatively stable against 2021. The total import volume increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 11% against the previous year. Hungary imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, tapered roller bearing imports expanded sharply to $35M in 2022. The total import value increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Tapered Roller Bearing in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 632 | 546 | 641 | 667 | 1.8% |
| United States | 511 | 378 | 523 | 621 | 6.7% |
| China | 487 | 699 | 808 | 487 | 0.0% |
| France | 277 | 239 | 282 | 283 | 0.7% |
| Mexico | 226 | 155 | 211 | 272 | 6.4% |
| Brazil | 142 | 109 | 182 | 207 | 13.4% |
| Italy | 154 | 129 | 174 | 186 | 6.5% |
| Australia | 80.3 | 92.5 | 104 | 148 | 22.6% |
| India | 122 | 78.0 | 146 | 147 | 6.4% |
| Canada | 120 | 102 | 109 | 133 | 3.5% |
| Sweden | 119 | 101 | 127 | 127 | 2.2% |
| Turkey | 56.9 | 57.9 | 77.1 | 106 | 23.0% |
| Russia | 95.1 | 89.1 | 110 | 99.8 | 1.6% |
| Others | -2,989.6 | -2,746.7 | -3,459.6 | -3,449.8 | 4.9% |
| Total | 31.1 | 28.9 | 33.6 | 35.5 | 4.5% |
Top Suppliers of Tapered Roller Bearing to Hungary in 2022:
- Germany (71.0K tons)
- United States (55.2K tons)
- China (30.4K tons)
- Brazil (30.3K tons)
- France (26.3K tons)
- Mexico (24.7K tons)
- Italy (19.9K tons)
- Russia (12.9K tons)
- Turkey (12.5K tons)
- Sweden (12.5K tons)
- Australia (12.1K tons)
- India (12.1K tons)
- Canada (10.9K tons)
This report provides an in-depth analysis of the tapered roller bearing 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 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
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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