Hungary: Motorcycle And Scooter Market 2024

Motorcycle And Scooter Market Size in Hungary

The Hungarian motorcycle and scooter market reached $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Motorcycle And Scooter Production in Hungary

In value terms, motorcycle and scooter production stood at $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Motorcycle And Scooter Exports

Exports from Hungary

After three years of growth, overseas shipments of motorcycles and scooters decreased by X% to X units in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then shrank in the following year.

In value terms, motorcycle and scooter exports rose sharply to $X in 2022. Overall, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Slovakia (X units), Romania (X units) and the Czech Republic (X units) were the main destinations of motorcycle and scooter exports from Hungary, with a combined X% share of total exports. Serbia, Croatia, Poland, Slovenia and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), the Czech Republic ($X) and Romania ($X) constituted the largest markets for motorcycle and scooter exported from Hungary worldwide, together comprising X% of total exports. Germany, Croatia, Slovenia, Serbia and Poland lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Croatia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average motorcycle and scooter export price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the near future.

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 Germany ($X per unit), while the average price for exports to Poland ($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 Croatia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motorcycle And Scooter Imports

Imports into Hungary

In 2022, purchases abroad of motorcycles and scooters decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, motorcycle and scooter imports expanded remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X units), Japan (X units) and Austria (X units) were the main suppliers of motorcycle and scooter imports to Hungary, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Italy ($X) and Japan ($X) were the largest motorcycle and scooter suppliers to Hungary, together comprising X% of total imports.

In terms of the main suppliers, Italy, with a CAGR of X%, saw 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 motorcycle and scooter import price amounted to $X per unit, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained 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 Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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