Hungary: Centrifuges Market 2024

Centrifuges Market Size in Hungary

The Hungarian centrifuges market contracted modestly to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate strong growth. Centrifuges consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Centrifuges Exports

Exports from Hungary

In 2022, exports of centrifuges from Hungary fell markedly to X units, reducing by X% compared with the previous year's figure. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, centrifuges exports dropped to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for centrifuges exports from Hungary, accounting for a X% share of total exports. Moreover, centrifuges exports to Germany exceeded the volume sent to the second major destination, Romania (X units), more than tenfold. The third position in this ranking was taken by Ukraine (X units), with a X% share.

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

In value terms, Germany ($X) remains the key foreign market for centrifuges exports from Hungary, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

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

Export Prices by Country

In 2022, the average centrifuges export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price recorded a buoyant expansion. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Romania ($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 the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Centrifuges Imports

Imports into Hungary

In 2022, centrifuges imports into Hungary dropped to X units, waning by X% compared with the previous year's figure. Over the period under review, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, centrifuges imports reduced slightly to $X in 2022. In general, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Slovakia (X units) and China (X units) were the main suppliers of centrifuges imports to Hungary, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of centrifuges to Hungary, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Slovakia, with a X% share.

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

Import Prices by Country

The average centrifuges import price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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