Hungary: Smart Card Market Overview 2020

Smart Card Market Size in Hungary

The revenue of the smart card market in Hungary amounted to $X in 2018, growing by X% against the previous year. Overall, smart card consumption continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Smart card consumption peaked at $X in 2016; however, from 2017 to 2018, consumption remained at a lower figure.

Smart Card Production in Hungary

In value terms, smart card production amounted to $X in 2018 estimated in export prices. Over the period under review, smart card production, however, continues to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, smart card production attained its maximum level at $X in 2015; however, from 2016 to 2018, production remained at a lower figure.

Smart Card Exports

Exports from Hungary

Smart card exports from Hungary totaled X units in 2018, dropping by -X% against the previous year. Overall, smart card exports continue to indicate a moderate downturn. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. In that year, smart card exports attained their peak of X units. From 2011 to 2018, the growth of smart card exports remained at a somewhat lower figure.

In value terms, smart card exports amounted to $X in 2018. Over the period under review, smart card exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Exports peaked at $X in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

Exports by Country

Serbia (X units), Croatia (X units) and Slovakia (X units) were the main destinations of smart card exports from Hungary, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Croatia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Croatia ($X) and Bulgaria ($X) appeared to be the largest markets for smart card exported from Hungary worldwide, together accounting for X% of total exports.

Among the main countries of destination, Bulgaria experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2018, the average smart card export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the smart card export price, however, continues to indicate a moderate decrease. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. The export price peaked at $X per unit in 2009; however, from 2010 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Romania ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Romania, while the prices for the other major destinations experienced mixed trend patterns.

Smart Card Imports

Imports into Hungary

In 2018, the imports of cards incorporating an electronic integrated circuit (smart card) into Hungary totaled X units, jumping by X% against the previous year. Over the period under review, the total imports indicated moderate growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, smart card imports decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. In that year, smart card imports attained their peak of X units. From 2017 to 2018, the growth of smart card imports failed to regain its momentum.

In value terms, smart card imports totaled $X in 2018. In general, smart card imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Imports peaked at $X in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, France (X units) constituted the largest supplier of smart card to Hungary, accounting for a X% share of total imports. Moreover, smart card imports from France exceeded the figures recorded by the second-largest supplier, China, Hong Kong SAR (X units), twofold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from France stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China, Hong Kong SAR (+X% per year) and Germany (-X% per year).

In value terms, France ($X), Thailand ($X) and Germany ($X) appeared to be the largest smart card suppliers to Hungary, with a combined X% share of total imports.

In terms of the main suppliers, Thailand (+X% per year) experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average smart card import price amounted to $X per unit, stabilizing at the previous year. Over the period under review, the smart card import price continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. The import price peaked in 2018 and is likely to continue its growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand (+X% per year), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform