Hungary: Industrial Bakery Machinery Market 2022

Industrial Bakery Machinery Market Size in Hungary

In 2021, the Hungarian industrial bakery machinery market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption saw buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Industrial Bakery Machinery Production in Hungary

In value terms, industrial bakery machinery production totaled $X in 2021 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Industrial Bakery Machinery Exports

Exports from Hungary

After three years of growth, overseas shipments of industrial bakery machinery decreased by -X% to X units in 2021. Over the period under review, total exports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at X units in 2020, and then dropped sharply in the following year.

In value terms, industrial bakery machinery exports contracted remarkably to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Austria (X units) was the main destination for industrial bakery machinery exports from Hungary, accounting for a X% share of total exports. Moreover, industrial bakery machinery exports to Austria exceeded the volume sent to the second major destination, Serbia (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Austria amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+X% per year) and Senegal (-X% per year).

In value terms, Austria ($X) remains the key foreign market for industrial bakery machinery exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Serbia ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+X% per year) and Senegal (-X% per year).

Export Prices by Country

In 2021, the average industrial bakery machinery export price amounted to $X per unit, with a decrease of -X% against the previous year. In general, the export price showed a noticeable contraction. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Austria ($X per unit), while the average price for exports to Serbia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (-X%), while the prices for the other major destinations experienced a decline.

Industrial Bakery Machinery Imports

Imports into Hungary

In 2021, the amount of industrial bakery machinery imported into Hungary surged to X units, rising by X% against 2020. In general, imports posted a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, industrial bakery machinery imports skyrocketed to $X in 2021. Overall, imports posted a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; afterwards, it flattened through to 2021.

Imports by Country

Italy (X units), Slovenia (X units) and China (X units) were the main suppliers of industrial bakery machinery imports to Hungary, together comprising X% of total imports. Germany, the Netherlands and Poland lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Poland (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial bakery machinery suppliers to Hungary were Italy ($X), Germany ($X) and Slovenia ($X), together accounting for X% of total imports. The Netherlands, China and Poland lagged somewhat behind, together comprising a further X the main suppliers, Poland, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial bakery machinery import price stood at $X per unit in 2021, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform