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Hungary - Generators For Internal Combustion Engines - Market Analysis, Forecast, Size, Trends and Insights
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Hungary: Engine Generator Market Overview 2021

Engine Generator Market Size in Hungary

In 2020, the Hungarian engine generator market increased by X% to $X for the first time since 2017, thus ending a two-year declining trend. In general, the total consumption indicated a tangible expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Engine Generator Production in Hungary

In value terms, engine generator production dropped to $X in 2020 estimated in export prices. In general, production, however, continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2020, production remained at a lower figure.

Engine Generator Exports

Exports from Hungary

Engine generator exports from Hungary shrank dramatically to X units in 2020, waning by -X% compared with 2019 figures. Over the period under review, exports, however, recorded perceptible growth. The pace of growth was the most pronounced in 2014 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at X units in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

In value terms, engine generator exports shrank significantly to $X in 2020. In general, exports, however, posted resilient growth. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2016; however, from 2017 to 2020, exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for engine generator exports from Hungary, accounting for a X% share of total exports. Moreover, engine generator exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X units), threefold. The third position in this ranking was occupied by Spain (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+X% per year) and Spain (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+X% per year) and Spain (+X% per year).

Export Prices by Country

In 2020, the average engine generator export price amounted to $X per unit, rising by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2018 when the average export price increased by X% year-to-year. The export price peaked in 2020 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2020, the highest prices were recorded for prices to Poland ($X per unit) and the UK ($X per unit), while the average price for exports to Germany ($X per unit) and Spain ($X per unit) were amongst the lowest.

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

Engine Generator Imports

Imports into Hungary

In 2020, supplies from abroad of generators for internal combustion engines was finally on the rise to reach X units for the first time since 2017, thus ending a two-year declining trend. Overall, imports recorded prominent growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2020, the growth imports failed to regain the momentum.

In value terms, engine generator imports skyrocketed to $X in 2020. Over the period under review, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X units), the Czech Republic (X units) and France (X units) were the main suppliers of engine generator imports to Hungary, together accounting for X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest engine generator suppliers to Hungary were Spain ($X), the Czech Republic ($X) and France ($X), with a combined X% share of total imports.

Among the main suppliers, Spain (+X% per year) saw the highest growth rate of 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 engine generator import price stood at $X per unit in 2020, surging by X% against the previous year. Over the period under review, import price indicated strong growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, engine generator import price increased by +X% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, 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 generators for internal combustion engines in the world?
+
The countries with the highest volumes of engine generator consumption in 2020 were China (67M units), the U.S. (44M units) and India (24M units), together comprising 52% of global consumption. These countries were followed by Japan, Mexico, Indonesia, France, Brazil, the UK, Italy, Spain, Turkey and South Korea, which together accounted for a further 30%.
What are the largest producers of generators for internal combustion engines in the world?
+
The countries with the highest volumes of engine generator production in 2020 were China (70M units), the U.S. (38M units) and India (24M units), with a combined 50% share of global production. Japan, France, Mexico, Indonesia, Italy, South Korea, Brazil, Turkey, the UK and Spain lagged somewhat behind, together comprising a further 34%.
What are the leading suppliers of generators for internal combustion engines to Hungary?
+
In value terms, Spain ($33M), the Czech Republic ($22M) and France ($14M) were the largest engine generator suppliers to Hungary, with a combined 83% share of total imports.
What are the leading importers of generators for internal combustion engines from Hungary?
+
In value terms, Germany ($43M) remains the key foreign market for engine generator exports from Hungary, comprising 38% of total exports. The second position in the ranking was occupied by the Czech Republic ($16M), with a 14% share of total exports. It was followed by Spain, with a 12% share.
What is the average export price for generators for internal combustion engines in Hungary?
+
The average engine generator export price stood at $74 per unit in 2020, with an increase of 8.8% against the previous year.
What is the average import price for generators for internal combustion engines in Hungary?
+
In 2020, the average engine generator import price amounted to $123 per unit, with an increase of 76% against the previous year.

Product coverage:
• Prodcom 29312250 - Generators for internal combustion engines (including dynamos and alternators) (excluding dual-purpose startergenerators)

This report provides an in-depth analysis of the engine generator 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 2025.


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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
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, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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