Hungary: Internal Combustion Engines Market Overview 2020

Internal Combustion Engines Market Size in Hungary

The revenue of the internal combustion engines market in Hungary amounted to $X in 2018, lowering by -X% against the previous year. Over the period under review, internal combustion engines consumption continues to indicate a deep setback. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Over the period under review, the internal combustion engines market attained its peak figure level at $X in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.

Internal Combustion Engines Production in Hungary

In value terms, internal combustion engines production stood at $X in 2018 estimated in export prices. Overall, internal combustion engines production continues to indicate a drastic setback. The most prominent rate of growth was recorded in 2017 with a decrease of -X% y-o-y. Internal combustion engines production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Internal Combustion Engines Exports

Exports from Hungary

In 2018, the internal combustion engines exports from Hungary amounted to X units, increasing by X% against the previous year. Over the period under review, internal combustion engines exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Exports peaked in 2018 and are likely to see steady growth in the near future.

In value terms, internal combustion engines exports totaled $X in 2018. In general, internal combustion engines exports continue to indicate a significant drop. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

Germany (X units) was the main destination for internal combustion engines exports from Hungary, accounting for a X% share of total exports. Moreover, internal combustion engines exports to Germany exceeded the volume sent to the second major destination, Spain (X units), sevenfold. The third position in this ranking was occupied by Slovakia (X units), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Slovakia (+X% per year).

In value terms, Germany ($X) remains the key foreign market for internal combustion engines exports from Hungary, comprising X% of total internal combustion engines exports. The second position in the ranking was occupied by Slovakia ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Germany amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-X% per year) and Mexico (-X% per year).

Export Prices by Country

In 2018, the average internal combustion engines export price amounted to $X per unit, falling by -X% against the previous year. Overall, the internal combustion engines export price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for motor vehicles compression-ignition internal combustion piston engines reached their maximum at $X per unit in 2014; however, from 2015 to 2018, export prices stood 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 the Czech Republic ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Mexico, while the prices for the other major destinations experienced a decline.

Internal Combustion Engines Imports

Imports into Hungary

In 2018, the imports of motor vehicles compression-ignition internal combustion piston engines into Hungary stood at X units, falling by -X% against the previous year. In general, internal combustion engines imports continue to indicate a deep decrease. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Imports peaked at X units in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, internal combustion engines imports amounted to $X in 2018. Over the period under review, internal combustion engines imports continue to indicate a drastic decline. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Spain (X units) and Italy (X units) were the main suppliers of internal combustion engines imports to Hungary, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Spain, while the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of internal combustion engines to Hungary, comprising X% of total internal combustion engines imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Germany stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Italy (-X% per year).

Import Prices by Country

The average internal combustion engines import price stood at $X per unit in 2018, rising by X% against the previous year. Overall, the internal combustion engines import price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. In that year, the average import prices for motor vehicles compression-ignition internal combustion piston engines reached their peak level and is likely to continue 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 ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform