Hungary: Memories Market 2024

Memories Market Size in Hungary

The Hungarian memories market fell to $X in 2023, with a decrease of X% against the previous year. In general, consumption recorded a pronounced shrinkage. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market remained at a lower figure.

Memories Production in Hungary

In value terms, memories production dropped dramatically to $X in 2023 estimated in export price. Overall, production, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Memories Exports

Exports from Hungary

In 2023, shipments abroad of multichip integrated circuits: memories decreased by X% to X units, falling for the second year in a row after three years of growth. Overall, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, memories exports plummeted to $X in 2023. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2023, the average annual rate of growth in terms of volume to Ukraine amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Germany (X% per year).

In value terms, the largest markets for memories exported from Hungary were the United States ($X), Ukraine ($X) and Germany ($X), together accounting for X% of total exports. The Czech Republic, Thailand, Mexico, China, Poland, Malaysia, France, Slovakia, Romania and Austria lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2023, the average memories export price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, memories export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2023, 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.

Memories Imports

Imports into Hungary

In 2023, approx. X units of multichip integrated circuits: memories were imported into Hungary; shrinking by X% on the year before. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, memories imports dropped to $X in 2023. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), the Netherlands (X units) and Belgium (X units) were the main suppliers of memories imports to Hungary, with a combined X% share of total imports. Taiwan (Chinese), China, South Korea, Thailand, France, Singapore, the United States, Japan and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Taiwan (Chinese) ($X) were the largest memories suppliers to Hungary, with a combined X% share of total imports. Belgium, South Korea, China, Singapore, France, Thailand, the United States, Japan and the UK lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, the average memories import price amounted to $X per unit, with an increase of X% against the previous year. In general, the import price continues to indicate resilient growth. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The import price peaked in 2023 and is likely to see steady growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform