Hungary: Paper Machinery Market 2024

Paper Machinery Market Size in Hungary

The Hungarian paper machinery market rose slightly to $X.6B in 2022, increasing by X% against the previous year. Over the period under review, consumption enjoyed resilient growth. Paper machinery consumption peaked at $X.5B in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Paper Machinery Production in Hungary

In value terms, paper machinery production expanded remarkably to $X.7B in 2022 estimated in export price. In general, production posted a resilient expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Paper machinery production peaked at $X.9B in 2020; however, from 2021 to 2022, production remained at a lower figure.

Paper Machinery Exports

Exports from Hungary

In 2022, after two years of decline, there was significant growth in shipments abroad of machinery for making paper or paperboard, when their volume increased by X% to X units. In general, exports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, paper machinery exports dropped notably to $X in 2022. Overall, exports, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for paper machinery exports from Hungary, with a X% share of total exports. Moreover, paper machinery exports to the United States exceeded the volume sent to the second major destination, Germany (X units), sixfold. The third position in this ranking was held by the UK (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the UK (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for machinery for making paper or paperboard exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by the UK, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average paper machinery export price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then contracted dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the United States ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Machinery Imports

Imports into Hungary

In 2022, approx. X units of machinery for making paper or paperboard were imported into Hungary; surging by X% compared with 2021. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, paper machinery imports soared to $X in 2022. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), the Netherlands (X units) and Austria (X units) were the main suppliers of paper machinery imports to Hungary, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machinery for making paper or paperboard to Hungary, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

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

Import Prices by Country

The average paper machinery import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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