Report Hungary - Furniture Designed to Receive Refrigerating or Freezing Equipment - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jun 27, 2022

Hungary - Furniture Designed to Receive Refrigerating or Freezing Equipment - Market Analysis, Forecast, Size, Trends and Insights
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Hungary: Refrigerator Or Freezer Market 2022

Refrigerator Or Freezer Market Size in Hungary

In 2021, the Hungarian refrigerator or freezer market was finally on the rise to reach $X after two years of decline. In general, consumption, however, posted notable growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Refrigerator Or Freezer Production in Hungary

In value terms, refrigerator or freezer production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed pronounced growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Refrigerator Or Freezer Exports

Exports from Hungary

In 2021, overseas shipments of furniture designed to receive refrigerating or freezing equipment decreased by -X% to X kg, falling for the second consecutive year after two years of growth. Overall, exports faced a sharp setback. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, refrigerator or freezer exports fell dramatically to $X in 2021. In general, exports faced a precipitous descent. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Serbia (X kg) was the main destination for refrigerator or freezer exports from Hungary, with a X% share of total exports. Moreover, refrigerator or freezer exports to Serbia exceeded the volume sent to the second major destination, Italy (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Serbia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-X% per year) and Austria (-X% per year).

In value terms, Serbia ($X) emerged as the key foreign market for refrigerator or freezer exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Austria ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Serbia stood at -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 2021, the average refrigerator or freezer export price amounted to $X per ton, surging by X% against the previous year. In general, the export price posted a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Serbia ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, 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.

Refrigerator Or Freezer Imports

Imports into Hungary

Refrigerator or freezer imports into Hungary soared to X tons in 2021, increasing by X% against the previous year's figure. Overall, imports, however, continue to indicate a significant decrease. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, refrigerator or freezer imports soared to $X in 2021. Over the period under review, imports, however, faced a precipitous curtailment. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of refrigerator or freezer to Hungary, accounting for a X% share of total imports. Moreover, refrigerator or freezer imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Romania (-X% per year).

In value terms, Italy ($X) constituted the largest supplier of refrigerator or freezer to Hungary, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Romania (-X% per year).

Import Prices by Country

In 2021, the average refrigerator or freezer import price amounted to $X per ton, declining by -X% against the previous year. Overall, the import price saw a pronounced decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for furniture designed to receive refrigerating or freezing equipment in the world?
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The country with the largest volume of refrigerator or freezer consumption was China, accounting for 20% of total volume. Moreover, refrigerator or freezer consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 7.1% share.
What are the largest producers of furniture designed to receive refrigerating or freezing equipment in the world?
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The country with the largest volume of refrigerator or freezer production was China, accounting for 24% of total volume. Moreover, refrigerator or freezer production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.8% share.
What are the leading suppliers of furniture designed to receive refrigerating or freezing equipment to Hungary?
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In value terms, Italy constituted the largest supplier of refrigerator or freezer to Hungary, comprising 64% of total imports. The second position in the ranking was occupied by Germany, with a 21% share of total imports.
What are the leading importers of furniture designed to receive refrigerating or freezing equipment from Hungary?
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In value terms, Serbia emerged as the key foreign market for refrigerator or freezer exports from Hungary, comprising 96% of total exports. The second position in the ranking was occupied by Austria $182), with a 3.3% share of total exports.
What is the average export price for furniture designed to receive refrigerating or freezing equipment in Hungary?
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The average refrigerator or freezer export price stood at $23,370 per ton in 2021, increasing by 401% against the previous year.
What is the average import price for furniture designed to receive refrigerating or freezing equipment in Hungary?
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The average refrigerator or freezer import price stood at $5,450 per ton in 2021, falling by -10.2% against the previous year.

This report provides an in-depth analysis of the refrigerator or freezer market 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 28253030 - Furniture designed to receive refrigerating or freezing equipment (including evaporators, complete refrigerating units)
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
GLOSSARY AND SPECIFIC TERMS
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 PRODUCTS

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 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
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 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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