Hungary: Magnetic Media Market Overview 2020

Magnetic Media Market Size in Hungary

The revenue of the magnetic media market in Hungary amounted to $X in 2018, lowering by -X% against the previous year. Overall, magnetic media consumption continues to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, the magnetic media market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Magnetic Media Production in Hungary

In value terms, magnetic media production stood at $X in 2018 estimated in export prices. In general, magnetic media production continues to indicate a drastic deduction. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, magnetic media production reached its peak figure level at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Magnetic Media Exports

Exports from Hungary

Magnetic media exports from Hungary totaled X tonnes in 2018, declining by -X% against the previous year. Overall, magnetic media exports continue to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, magnetic media exports amounted to $X in 2018. In general, magnetic media exports continue to indicate an abrupt deduction. The growth pace was the most rapid in 2011 when exports increased by X% year-to-year. Over the period under review, magnetic media exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Poland (X tonnes), China (X tonnes) and the Czech Republic (X tonnes) were the main destinations of magnetic media exports from Hungary, with a combined X% share of total exports. These countries were followed by South Korea, Romania, Albania, Pakistan, Slovakia and Austria, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by South Korea (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the key foreign market for magnetic media exports from Hungary, comprising X% of total magnetic media exports. The second position in the ranking was occupied by the Czech Republic ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to South Korea 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 magnetic media export price stood at $X per tonne in 2018, dropping by -X% against the previous year. Overall, the magnetic media export price, however, continues to indicate notable growth. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% y-o-y. In that year, the average export prices for magnetic media, not recorded, except cards with a magnetic stripe reached their peak level of $X per tonne. From 2013 to 2018, the growth in terms of the average export prices for magnetic media, not recorded, except cards with a magnetic stripe remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was South Korea ($X per tonne), while the average price for exports to Albania ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Romania, while the prices for the other major destinations experienced mixed trend patterns.

Magnetic Media Imports

Imports into Hungary

In 2018, approx. X tonnes of magnetic media, not recorded, except cards with a magnetic stripe were imported into Hungary; shrinking by -X% against the previous year. Over the period under review, magnetic media imports continue to indicate a precipitous drop. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, magnetic media imports attained their maximum at X tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, magnetic media imports amounted to $X in 2018. Overall, magnetic media imports continue to indicate a deep decline. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, magnetic media imports reached their peak figure at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the Netherlands (X tonnes) constituted the largest supplier of magnetic media to Hungary, with a X% share of total imports. Moreover, magnetic media imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tonnes), fivefold. The third position in this ranking was occupied by China (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from the Netherlands stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and China (+X% per year).

In value terms, the largest magnetic media suppliers to Hungary were Germany ($X), the Netherlands ($X) and the UK ($X), together accounting for X% of total imports. These countries were followed by France, Luxembourg, China, Hong Kong SAR, Slovakia, China and Romania, which together accounted for a further X, Hong Kong SAR recorded the highest rates of growth with regard to imports, among the main suppliers over the last eleven-year period, while the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2018, the average magnetic media import price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the magnetic media import price continues to indicate a prominent increase. The pace of growth was the most pronounced in 2009 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for magnetic media, not recorded, except cards with a magnetic stripe reached their peak figure in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Germany ($X per tonne), while the price for Romania ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Luxembourg (+X% per year), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform