Hungary: Market for Industrial Automatic Sewing Machines 2024

Market Size for Industrial Automatic Sewing Machines in Hungary

The Hungarian industrial automatic sewing machine market reduced markedly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, posted a resilient increase. As a result, consumption reached the peak level of $X, and then dropped rapidly in the following year.

Production of Industrial Automatic Sewing Machines in Hungary

In value terms, industrial automatic sewing machine production reached $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Industrial Automatic Sewing Machines

Exports from Hungary

After three years of decline, overseas shipments of industrial automatic sewing machines increased by X% to X units in 2022. Overall, exports enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial automatic sewing machine exports dropped rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a mild descent. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Tunisia (X units) was the main destination for industrial automatic sewing machine exports from Hungary, accounting for a X% share of total exports. Moreover, industrial automatic sewing machine exports to Tunisia exceeded the volume sent to the second major destination, Germany (X units), sixfold. The third position in this ranking was taken by Mexico (X units), with a X% share.

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

In value terms, Austria ($X), Tunisia ($X) and Serbia ($X) were the largest markets for industrial automatic sewing machine exported from Hungary worldwide, with a combined X% share of total exports. Slovakia, Turkey, Mexico, Germany and Spain lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Slovakia, with a CAGR of X%, saw the highest growth rate of 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 industrial automatic sewing machine export price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit, and then contracted rapidly in the following year.

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

Imports of Industrial Automatic Sewing Machines

Imports into Hungary

Industrial automatic sewing machine imports into Hungary declined dramatically to X units in 2022, with a decrease of X% compared with the previous year's figure. Over the period under review, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, industrial automatic sewing machine imports dropped markedly to $X in 2022. Overall, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of industrial automatic sewing machine to Hungary, with a X% share of total imports. Moreover, industrial automatic sewing machine imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. The third position in this ranking was taken by China (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and China (X% per year).

In value terms, Germany ($X) constituted the largest supplier of industrial automatic sewing machines to Hungary, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Ukraine, with an X% share.

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

Import Prices by Country

In 2022, the average industrial automatic sewing machine import price amounted to $X per unit, falling by X% against the previous year. In general, the import price faced a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 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 the Netherlands ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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