Hungary: Engine Generator Market 2024

Engine Generator Market Size in Hungary

The Hungarian engine generator market shrank dramatically to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a deep setback. Engine generator consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Engine Generator Production in Hungary

In value terms, engine generator production reduced to $X in 2022 estimated in export price. Overall, production, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Engine generator production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Engine Generator Exports

Exports from Hungary

In 2022, the amount of generators for internal combustion engines exported from Hungary dropped rapidly to X units, with a decrease of X% on 2021 figures. Overall, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, engine generator exports fell to $X in 2022. In general, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Romania (X units) and France (X units) were the main destinations of engine generator exports from Hungary, with a combined X% share of total exports. The Czech Republic, Turkey, Spain, Poland, the UK, Italy, Belgium and Slovakia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for engine generator exported from Hungary were Germany ($X), Romania ($X) and France ($X), together accounting for X% of total exports. Turkey, Spain, the Czech Republic, Poland, the UK, Belgium, Italy and Slovakia lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average engine generator export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($X per unit) and Slovakia ($X per unit), while the average price for exports to the Czech Republic ($X per unit) and Poland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Engine Generator Imports

Imports into Hungary

In 2022, purchases abroad of generators for internal combustion engines was finally on the rise to reach X units after two years of decline. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, engine generator imports soared to $X in 2022. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X units), France (X units) and the Czech Republic (X units) were the main suppliers of engine generator imports to Hungary, together comprising X% of total imports. India, Denmark, Turkey, Germany, Italy, the Netherlands, Belgium, the UK and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of X%), while purchases 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), together accounting for X% of total imports. India, the Netherlands, Germany, Denmark, Turkey, Italy, Belgium, the UK and Japan lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Denmark, with a CAGR of X%, recorded 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

In 2022, the average engine generator import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price saw buoyant growth. The growth pace was the most rapid in 2020 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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