Hungary: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Hungary

The Hungarian machine-tool for working metal market contracted to $X in 2022, which is down by X% against the previous year. Overall, consumption saw a tangible increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Machine Tools For Working Metal in Hungary

In value terms, machine-tool for working metal production stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt descent. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Machine Tools For Working Metal

Exports from Hungary

In 2022, exports of machine tools for working metal from Hungary soared to X units, growing by X% compared with 2021. Over the period under review, exports posted strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, machine-tool for working metal exports dropped rapidly to $X in 2022. In general, total exports indicated notable growth from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for machine-tool for working metal exports from Hungary, with a X% share of total exports. Moreover, machine-tool for working metal exports to France exceeded the volume sent to the second major destination, Croatia (X units), twofold. Bulgaria (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (X% per year) and Bulgaria (X% per year).

In value terms, France ($X), Serbia ($X) and Croatia ($X) appeared to be the largest markets for machine-tool for working metal exported from Hungary worldwide, together accounting for X% of total exports. Bulgaria, Romania, Germany, Denmark, Greece, Slovakia and Poland lagged somewhat behind, together accounting for a further X%.

Greece, with a CAGR of X%, recorded the highest growth rate of 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

The average machine-tool for working metal export price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

Imports of Machine Tools For Working Metal

Imports into Hungary

In 2022, machine-tool for working metal imports into Hungary surged to X units, rising by X% against 2021 figures. Over the period under review, imports recorded a resilient expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, machine-tool for working metal imports fell remarkably to $X in 2022. Overall, imports enjoyed a slight increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest machine-tool for working metal supplier to Hungary, with a X% share of total imports. Moreover, machine-tool for working metal imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. Austria (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the largest machine-tool for working metal suppliers to Hungary were Germany ($X), Turkey ($X) and China ($X), with a combined X% share of total imports. Austria, Italy, the Czech Republic, Slovenia, France, Spain, Poland and Ukraine lagged somewhat behind, together accounting for a further X%.

In terms of 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

In 2022, the average machine-tool for working metal import price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price saw a abrupt curtailment. 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 reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 China ($X per unit), while the price for Ukraine ($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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