Hungary: Laser Market Overview 2021

Laser Market Size in Hungary

In 2019, the Hungarian laser market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption recorded a significant increase. The pace of growth was the most pronounced in 2010 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Laser Exports

Exports from Hungary

After two years of growth, shipments abroad of lasers, other than laser diodes decreased by -X% to X units in 2019. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. As a result, exports reached the peak of X units. From 2013 to 2019, the growth exports remained at a lower figure.

In value terms, laser exports contracted notably to $X in 2019. In general, exports, however, saw a modest increase. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Slovenia (X units), Croatia (X units) and Germany (X units) were the main destinations of laser exports from Hungary, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for laser exported from Hungary were Slovenia ($X), the U.S. ($X) and Croatia ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Slovenia (+X% per year) recorded 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

In 2019, the average laser export price amounted to $X per unit, declining by -X% against the previous year. Over the period under review, the export price faced a sharp descent. The growth pace was the most rapid in 2013 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per unit in 2007; however, from 2008 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per unit), while the average price for exports to Norway ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia, while the prices for the other major destinations experienced a decline.

Laser Imports

Imports into Hungary

In 2019, purchases abroad of lasers, other than laser diodes increased by X% to X units, rising for the third year in a row after two years of decline. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

In value terms, laser imports expanded sharply to $X in 2019. In general, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Imports peaked at $X in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), South Korea (X units) and France (X units) were the main suppliers of laser imports to Hungary, together comprising X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), South Korea ($X) and the U.S. ($X) constituted the largest laser suppliers to Hungary, together accounting for X% of total imports.

South Korea (+X% per year) saw 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

In 2019, the average laser import price amounted to $X per unit, rising by X% against the previous year. In general, the import price, however, saw a deep setback. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. Over the period under review, average import prices reached the maximum at $X per unit in 2008; however, from 2009 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lasers, other than laser diodes in the world?

+

China (11M units) remains the largest laser consuming country worldwide, accounting for 48% of total volume. Moreover, laser consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (1.6M units), sevenfold. Algeria (1.4M units) ranked third in terms of total consumption with a 6% share.

What are the largest producers of lasers, other than laser diodes in the world?

+

Hong Kong SAR (5.7M units) remains the largest laser producing country worldwide, comprising approx. 47% of total volume. Moreover, laser production in Hong Kong SAR exceeded the figures recorded by the second-largest producer, India (959K units), sixfold. Singapore (759K units) ranked third in terms of total production with a 6.3% share.

What are the leading suppliers of lasers, other than laser diodes to Hungary?

+

In value terms, Germany ($4.1M), South Korea ($2.2M) and the U.S. ($1.2M) were the largest laser suppliers to Hungary, with a combined 69% share of total imports.

What are the leading importers of lasers, other than laser diodes from Hungary?

+

In value terms, the largest markets for laser exported from Hungary were Slovenia ($246K), the U.S. ($207K) and Croatia ($177K), together comprising 64% of total exports.

What is the average export price for lasers, other than laser diodes in Hungary?

+

In 2019, the average laser export price amounted to $298 per unit, with a decrease of -33.7% against the previous year.

What is the average import price for lasers, other than laser diodes in Hungary?

+

The average laser import price stood at $35 per unit in 2019, picking up by 14% against the previous year.