Hungary: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Hungary

The Hungarian air conditioning machine market soared to $X in 2022, jumping by X% against the previous year. Overall, consumption recorded significant growth. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Air Conditioning Machine Production in Hungary

In value terms, air conditioning machine production amounted to $X in 2022 estimated in export price. In general, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Air conditioning machine production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Air Conditioning Machine Exports

Exports from Hungary

In 2022, overseas shipments of air conditioning machines increased by X% to X units, rising for the sixth consecutive year after three years of decline. Overall, exports enjoyed mild growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, air conditioning machine exports totaled $X in 2022. In general, total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for air conditioning machine exports from Hungary, with a X% share of total exports. Moreover, air conditioning machine exports to Germany exceeded the volume sent to the second major destination, Austria (X units), threefold. Slovakia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Slovakia (X% per year).

In value terms, Germany ($X) remains the key foreign market for air conditioning machines exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with an X% share of total exports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average air conditioning machine export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Slovakia ($X 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 Serbia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Air Conditioning Machine Imports

Imports into Hungary

In 2022, approx. X units of air conditioning machines were imported into Hungary; increasing by X% on the previous year's figure. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, air conditioning machine imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of air conditioning machine to Hungary, with a X% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), fourfold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of air conditioning machines to Hungary, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and South Korea (X% per year).

Import Prices by Country

The average air conditioning machine import price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced decline. The growth pace was the most rapid in 2014 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform