Hungary: Horizontal Machining Centre Market 2024

Horizontal Machining Centre Market Size in Hungary

The Hungarian horizontal machining centre market contracted to $X in 2022, falling by X% against the previous year. Overall, consumption continues to indicate resilient growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Horizontal Machining Centre Production in Hungary

In value terms, horizontal machining centre production fell to $X.8B in 2022 estimated in export price. Over the period under review, production showed buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Horizontal machining centre production peaked at $X.9B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Horizontal Machining Centre Exports

Exports from Hungary

In 2022, the amount of horizontal machining centres for working metal exported from Hungary skyrocketed to X units, jumping by X% against the previous year's figure. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, horizontal machining centre exports rose to $X in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Turkey (X units) was the main destination for horizontal machining centre exports from Hungary, accounting for a X% share of total exports. Moreover, horizontal machining centre exports to Turkey exceeded the volume sent to the second major destination, Germany (X units), fivefold. The third position in this ranking was held by Bosnia and Herzegovina (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Bosnia and Herzegovina (X% per year).

In value terms, the largest markets for horizontal machining centre exported from Hungary were Turkey ($X), Germany ($X) and Romania ($X), with a combined X% share of total exports. Bosnia and Herzegovina, China, Serbia and Slovakia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Bosnia and Herzegovina, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average horizontal machining centre export price stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price showed a abrupt setback. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Turkey ($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 Serbia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Horizontal Machining Centre Imports

Imports into Hungary

Horizontal machining centre imports into Hungary skyrocketed to X units in 2022, jumping by X% against 2021. Overall, imports enjoyed a strong expansion. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, horizontal machining centre imports soared to $X in 2022. In general, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of horizontal machining centre to Hungary, with a X% share of total imports. Moreover, horizontal machining centre imports from Germany exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. The third position in this ranking was held by Luxembourg (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Luxembourg (X% per year).

In value terms, Germany ($X) constituted the largest supplier of horizontal machining centres for working metal to Hungary, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the average horizontal machining centre import price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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