Hungary: Cash Register Market Overview 2021

Cash Register Market Size in Hungary

The Hungarian cash register market declined significantly to $X in 2020, dropping by -X% against the previous year. Over the period under review, consumption showed a abrupt descent. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Cash Register Production in Hungary

In value terms, cash register production declined rapidly to $X in 2020 estimated in export prices. Over the period under review, production recorded resilient growth. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2020, production stood at a somewhat lower figure.

Cash Register Exports

Exports from Hungary

In 2020, approx. X units of cash registers were exported from Hungary; with an increase of X% against the previous year's figure. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2020 and are likely to see gradual growth in the near future.

In value terms, cash register exports dropped modestly to $X in 2020. Overall, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at $X in 2019, and then shrank in the following year.

Exports by Country

Belgium (X units), Greece (X units) and the UK (X units) were the main destinations of cash register exports from Hungary, with a combined X% share of total exports. France, Spain, Turkey, South Korea, the U.S., Hong Kong SAR, the Netherlands and Germany lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in the U.S. (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cash register exported from Hungary were the UK ($X), France ($X) and the U.S. ($X), together comprising X% of total exports.

In terms of the main countries of destination, the U.S. (+X% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average cash register export price amounted to $X per unit, waning by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. As a result, export price attained the peak level of $X per unit. From 2012 to 2020, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was the UK ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced more modest paces of growth.

Cash Register Imports

Imports into Hungary

For the fifth consecutive year, Hungary recorded growth in overseas purchases of cash registers, which increased by X% to X units in 2020. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, cash register imports soared to $X in 2020. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2015 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Hong Kong SAR (X units) constituted the largest cash register supplier to Hungary, accounting for a X% share of total imports. Moreover, cash register imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, China (X units), eightfold. The third position in this ranking was occupied by Singapore (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Hong Kong SAR totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Singapore (+X% per year).

In value terms, Hong Kong SAR ($X) constituted the largest supplier of cash register to Hungary, comprising X% of total imports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Hong Kong SAR totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+X% per year) and China (+X% per year).

Import Prices by Country

In 2020, the average cash register import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild descent. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2020, the growth in terms of the average import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mexico (+X% per year), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cash registers in the world?

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China (8M units) constituted the country with the largest volume of cash register consumption, comprising approx. 19% of total volume. Moreover, cash register consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (3.7M units), twofold. The third position in this ranking was occupied by India (3.1M units), with a 7.4% share.

What are the largest producers of cash registers in the world?

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China (27M units) remains the largest cash register producing country worldwide, accounting for 53% of total volume. Moreover, cash register production in China exceeded the figures recorded by the second-largest producer, Viet Nam (4.1M units), sevenfold. Malaysia (2.5M units) ranked third in terms of total production with a 5% share.

What are the leading suppliers of cash registers to Hungary?

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In value terms, Hong Kong SAR ($16M) constituted the largest supplier of cash register to Hungary, comprising 45% of total imports. The second position in the ranking was occupied by Singapore ($4.8M), with a 13% share of total imports. It was followed by China, with a 11% share.

What are the leading importers of cash registers from Hungary?

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In value terms, the UK ($45M), France ($28M) and the U.S. ($16M) were the largest markets for cash register exported from Hungary worldwide, together comprising 36% of total exports.

What is the average export price for cash registers in Hungary?

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In 2020, the average cash register export price amounted to $592 per unit, dropping by -15.4% against the previous year.

What is the average import price for cash registers in Hungary?

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The average cash register import price stood at $203 per unit in 2020, growing by 12% against the previous year.