Report Hungary - Electro-Thermic Appliances or Domestic Purposes - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jun 1, 2023

Hungary - Electro-Thermic Appliances or Domestic Purposes - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in Hungary

The Hungarian market for electro-thermic appliances or domestic purposes declined rapidly to $X in 2021, dropping by -71% against the previous year. In general, consumption saw a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Electro-Thermic Appliances Or Domestic Purposes in Hungary

In value terms, electro-thermic appliances or domestic purposes production expanded slightly to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt setback. Electro-thermic appliances or domestic purposes production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from Hungary

In 2021, overseas shipments of electro-thermic appliances or domestic purposes increased by 47% to X units, rising for the third year in a row after two years of decline. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 61%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, electro-thermic appliances or domestic purposes exports declined to $X in 2021. Over the period under review, exports saw a strong increase. The growth pace was the most rapid in 2016 with an increase of 30% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then dropped in the following year.

Exports by Country

Belgium (X units) was the main destination for electro-thermic appliances or domestic purposes exports from Hungary, with a 46% share of total exports. Moreover, electro-thermic appliances or domestic purposes exports to Belgium exceeded the volume sent to the second major destination, the UK (X units), fourfold. Slovakia (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium stood at +77.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+34.9% per year) and Slovakia (+33.1% per year).

In value terms, Belgium ($X) remains the key foreign market for electro-thermic appliances or domestic purposes exports from Hungary, comprising 50% of total exports. The second position in the ranking was held by Slovakia ($X), with a 9.8% share of total exports. It was followed by the UK, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value to Belgium amounted to +58.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+10.0% per year) and the UK (+14.3% per year).

Export Prices by Country

In 2021, the average export price for electro-thermic appliances or domestic purposes amounted to $X per unit, falling by -38.3% against the previous year. Over the period under review, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 22% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+18.5%), while the prices for the other major destinations experienced a decline.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into Hungary

In 2021, overseas purchases of electro-thermic appliances or domestic purposes increased by 6.2% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports posted a moderate increase. The most prominent rate of growth was recorded in 2017 with an increase of 66%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, electro-thermic appliances or domestic purposes imports shrank rapidly to $X in 2021. Overall, imports posted a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 62%. As a result, imports reached the peak of $X, and then reduced rapidly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest electro-thermic appliances or domestic purposes supplier to Hungary, with a 44% share of total imports. Moreover, electro-thermic appliances or domestic purposes imports from China exceeded the figures recorded by the second-largest supplier, Ukraine (X units), twofold. Germany (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+144.6% per year) and Germany (+44.4% per year).

In value terms, Ukraine ($X), China ($X) and the Netherlands ($X) were the largest electro-thermic appliances or domestic purposes suppliers to Hungary, together comprising 76% of total imports.

In terms of the main suppliers, Ukraine, with a CAGR of +136.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, shrinking by -26.1% against the previous year. Overall, the import price, however, posted a measured increase. The most prominent rate of growth was recorded in 2019 an increase of 56%. Over the period under review, average import prices attained the maximum at $X per unit in 2020, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for electro-thermic appliances or domestic purposes in the world?
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The countries with the highest volumes of consumption in 2021 were China, the United States and India, together comprising 59% of global consumption. Russia, Japan, Germany, Italy, the Netherlands, Mexico and South Korea lagged somewhat behind, together accounting for a further 17%.
What are the largest producers of electro-thermic appliances or domestic purposes in the world?
+
The country with the largest volume of electro-thermic appliances or domestic purposes production was China, accounting for 84% of total volume. Moreover, electro-thermic appliances or domestic purposes production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. The third position in this ranking was taken by Japan, with a 2.5% share.
What are the leading suppliers of electro-thermic appliances or domestic purposes to Hungary?
+
In value terms, Ukraine, China and the Netherlands were the largest electro-thermic appliances or domestic purposes suppliers to Hungary, with a combined 76% share of total imports.
What are the leading importers of electro-thermic appliances or domestic purposes from Hungary?
+
In value terms, Belgium remains the key foreign market for electro-thermic appliances or domestic purposes exports from Hungary, comprising 50% of total exports. The second position in the ranking was held by Slovakia, with a 9.8% share of total exports. It was followed by the UK, with a 5.4% share.
What is the average export price for electro-thermic appliances or domestic purposes in Hungary?
+
In 2021, the average export price for electro-thermic appliances or domestic purposes amounted to $7.7 per unit, dropping by -38.3% against the previous year.
What is the average import price for electro-thermic appliances or domestic purposes in Hungary?
+
In 2021, the average import price for electro-thermic appliances or domestic purposes amounted to $9.8 per unit, which is down by -26.1% against the previous year.

This report provides an in-depth analysis of the market for electro-thermic appliances or domestic purposes 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 27512490 - Electro-thermic appliances, for domestic use (excluding hairdressing appliances and hand dryers, space-heating and soil-heating apparatus, water heaters, immersion heaters, s moothing irons, microwave ovens, ovens, cookers, cooking plates, boiling rings, grillers, roasters, coffee makers, tea makers and toasters)
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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