Hungary: Cutting Blade Market 2024

Cutting Blade Market Size in Hungary

In 2022, the Hungarian cutting blade market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption showed a mild slump. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Cutting Blade Production in Hungary

In value terms, cutting blade production dropped to $X in 2022 estimated in export price. In general, production, however, continues to indicate a dramatic decline. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Cutting Blade Exports

Exports from Hungary

In 2022, overseas shipments of knives and cutting blades (for machines or for mechanical appliances) were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, cutting blade exports surged to $X in 2022. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for cutting blade exports from Hungary, accounting for a X% share of total exports. Moreover, cutting blade exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold. The third position in this ranking was held by the Czech Republic (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the Czech Republic (X% per year).

In value terms, Germany ($X) remains the key foreign market for knives and cutting blades (for machines or for mechanical appliances) exports from Hungary, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Poland (X% per year).

Export Prices by Country

The average cutting blade export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cutting blade export price increased by X% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cutting Blade Imports

Imports into Hungary

In 2022, supplies from abroad of knives and cutting blades (for machines or for mechanical appliances) decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, enjoyed a tangible expansion. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cutting blade imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of cutting blade to Hungary, accounting for a X% share of total imports. Moreover, cutting blade imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Switzerland (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of knives and cutting blades (for machines or for mechanical appliances) to Hungary, comprising X% of total imports. The second position in the ranking was held by Switzerland ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

The average cutting blade import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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