Hungary: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2024

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Hungary

The Hungarian market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps surged to $X in 2022, increasing by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Hungary

In value terms, production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports from Hungary

In 2022, shipments abroad of hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then reduced remarkably in the following year.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps fell markedly to $X in 2022. In general, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined remarkably in the following year.

Exports by Country

Germany (X units), the Netherlands (X units) and France (X units) were the main destinations of exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Hungary, with a combined X% share of total exports.

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

In value terms, Germany ($X), the Netherlands ($X) and France ($X) constituted the largest markets for hydraulic pump (gear or vane) and other rotary positive displacement pump exported from Hungary worldwide, with a combined X% share of total exports.

France, with a CAGR of X%, recorded the highest rates of growth with regard to 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 export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price enjoyed resilient growth. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports into Hungary

In 2022, supplies from abroad of hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps skyrocketed to $X in 2022. In general, imports saw a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Serbia (X units), Germany (X units) and Belgium (X units) were the main suppliers of imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps to Hungary, together accounting for X% of total imports. The United States, China, Italy, Turkey, Mexico, Slovakia, France, Denmark, the Netherlands and Ukraine lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Germany ($X) and the United States ($X) were the largest hydraulic pump (gear or vane) and other rotary positive displacement pump suppliers to Hungary, together comprising X% of total imports. Belgium, China, Italy, the Netherlands, Turkey, Mexico, France, Slovakia, Denmark and Ukraine lagged somewhat behind, together accounting for a further X%.

Mexico, with a CAGR of X.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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