Hungary: Paper Making Machinery Market 2024

Paper Making Machinery Market Size in Hungary

The Hungarian paper making machinery market rose rapidly to $X in 2022, growing by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Paper Making Machinery Production in Hungary

In value terms, paper making machinery production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Paper Making Machinery Exports

Exports from Hungary

In 2022, approx. X units of machinery for making up paper pulp, paper or paperboard were exported from Hungary; declining by X% on 2021 figures. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, paper making machinery exports fell markedly to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for paper making machinery exports from Hungary, with a X% share of total exports. Moreover, paper making machinery exports to the United States exceeded the volume sent to the second major destination, China (X units), twofold. Canada (X units) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for paper making machinery exported from Hungary were the United States ($X), Canada ($X) and China ($X), together accounting for X% of total exports. Mexico, South Korea, Germany, Saudi Arabia and the UK lagged somewhat behind, together accounting for a further X%.

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to 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 paper making machinery export price stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to the UK ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Making Machinery Imports

Imports into Hungary

In 2022, purchases abroad of machinery for making up paper pulp, paper or paperboard decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, paper making machinery imports contracted markedly to $X in 2022. Overall, imports, however, posted a significant increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced markedly in the following year.

Imports by Country

In 2022, the United States (X units) constituted the largest paper making machinery supplier to Hungary, accounting for a X% share of total imports. Moreover, paper making machinery imports from the United States exceeded the figures recorded by the second-largest supplier, Austria (X units), twofold. The third position in this ranking was held by China (X units), with a X% share.

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

In value terms, the largest paper making machinery suppliers to Hungary were the United States ($X), Germany ($X) and China ($X), together comprising X% of total imports. Serbia, Italy, Austria, Spain and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Austria, 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 paper making machinery import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, import price indicated perceptible 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. The most prominent rate of growth was recorded in 2013 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 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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