Hungary: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in Hungary

The Hungarian glass electrical insulator market dropped sharply to $X in 2022, declining by X% against the previous year. In general, consumption, however, showed a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Glass Electrical Insulator Production in Hungary

In value terms, glass electrical insulator production soared to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced curtailment. Glass electrical insulator production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Glass Electrical Insulator Exports

Exports from Hungary

In 2022, approx. X units of glass electrical insulators were exported from Hungary; increasing by X% against 2021. Overall, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, glass electrical insulator exports dropped markedly to $X in 2022. In general, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

The Netherlands (X units) was the main destination for glass electrical insulator exports from Hungary, accounting for a X% share of total exports. It was followed by Germany (X units), with a X% share of total exports.

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

In value terms, the largest markets for glass electrical insulator exported from Hungary were the Netherlands ($X), Italy ($X) and Germany ($X), together accounting for X% of total exports.

The Netherlands, with a CAGR of X%, recorded 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 a decline.

Export Prices by Country

In 2022, the average glass electrical insulator export price amounted to $X per unit, reducing by X% against the previous year. In general, the export price saw a deep reduction. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per unit in 2021, and then shrank sharply in the following year.

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

Glass Electrical Insulator Imports

Imports into Hungary

In 2022, supplies from abroad of glass electrical insulators increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, glass electrical insulator imports surged to $X in 2022. Overall, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Ukraine (X units), Spain (X units) and France (X units) were the main suppliers of glass electrical insulator imports to Hungary, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of glass electrical insulators to Hungary, comprising X% of total imports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average glass electrical insulator import price amounted to $X per unit, jumping by X% against the previous year. In general, the import price showed a measured increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :