Hungary: Helicopter Market Overview 2021

Helicopter Market Size in Hungary

The Hungarian helicopter market contracted remarkably to $X in 2020, shrinking by -X% against the previous year. Over the period under review, consumption, however, saw significant growth. The pace of growth appeared the most rapid in 2017 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2019, and then fell remarkably in the following year.

Helicopter Production in Hungary

In value terms, helicopter production fell slightly to $X in 2020 estimated in export prices. Overall, production faced a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Helicopter production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Helicopter Exports

Exports from Hungary

In 2020, approx. X units of helicopters were exported from Hungary; jumping by X% on 2019 figures. In general, exports, however, continue to indicate a perceptible slump. Exports peaked at X units in 2008; however, from 2009 to 2020, exports remained at a lower figure.

In value terms, helicopter exports reduced sharply to $X in 2020. Over the period under review, exports, however, faced a sharp descent. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Switzerland (X units) and the Netherlands (X units) were the main destinations of helicopter exports from Hungary, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Switzerland.

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

From 2007 to 2020, the average annual rate of growth in terms of value to Switzerland totaled -X%.

Export Prices by Country

The average helicopter export price stood at $X per unit in 2020, reducing by -X% against the previous year. Over the period under review, the export price saw a sharp slump. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum at $X per unit in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($X per unit), while the average price for exports to the Netherlands stood at $X per unit.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland.

Helicopter Imports

Imports into Hungary

In 2020, imports of helicopters into Hungary shrank sharply to X units, falling by -X% on the year before. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at X units in 2019, and then fell dramatically in the following year.

In value terms, helicopter imports shrank markedly to $X in 2020. Overall, imports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Austria (X units) was the main supplier of helicopter to Hungary, accounting for a X% share of total imports. It was followed by Romania (X units), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Austria stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Germany (-X% per year).

In value terms, Austria ($X) constituted the largest supplier of helicopter to Hungary, comprising X% of total imports. The second position in the ranking was occupied by Romania ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Austria stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Germany (-X% per year).

Import Prices by Country

The average helicopter import price stood at $X per unit in 2020, dropping by -X% against the previous year. In general, the import price faced a sharp setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Austria ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Romania, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for helicopters in the world?

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The country with the largest volume of helicopter consumption was Jamaica (976K units), accounting for 96% of total volume.

What are the largest producers of helicopters in the world?

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The countries with the highest volumes of helicopter production in 2020 were Germany (4.8K units), France (2.7K units) and the U.S. (2.4K units), with a combined 59% share of global production. Jamaica, Canada, Benin and Yemen lagged somewhat behind, together accounting for a further 28%.

What are the leading suppliers of helicopters to Hungary?

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In value terms, Austria ($191K) constituted the largest supplier of helicopter to Hungary, comprising 93% of total imports. The second position in the ranking was occupied by Romania ($4.3K), with a 2.1% share of total imports.

What are the leading importers of helicopters from Hungary?

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In value terms, Switzerland ($6.4K) emerged as the key foreign market for helicopter exports from Hungary, comprising 33% of total exports. The second position in the ranking was occupied by the Netherlands ($21), with a 0.1% share of total exports.

What is the average export price for helicopters in Hungary?

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In 2020, the average helicopter export price amounted to $8,223 per unit, with a decrease of -74.7% against the previous year.

What is the average import price for helicopters in Hungary?

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The average helicopter import price stood at $939 per unit in 2020, dropping by -21.9% against the previous year.