Hungary: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in Hungary

The Hungarian non-electric industrial furnace market skyrocketed to $X in 2022, jumping by X% against the previous year. Overall, consumption posted a resilient increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Non-Electric Industrial Furnace Production in Hungary

In value terms, non-electric industrial furnace production surged to $X in 2022 estimated in export price. Overall, production recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Non-electric industrial furnace production peaked in 2022 and is expected to retain growth in the near future.

Non-Electric Industrial Furnace Exports

Exports from Hungary

In 2022, the amount of non-electric industrial or laboratory furnaces and ovens exported from Hungary skyrocketed to X units, growing by X% against the previous year. Over the period under review, exports, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, non-electric industrial furnace exports expanded significantly to $X in 2022. Overall, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units), Russia (X units) and Ukraine (X units) were the main destinations of non-electric industrial furnace exports from Hungary, together accounting for X% of total exports.

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

In value terms, Russia ($X) remains the key foreign market for non-electric industrial or laboratory furnaces and ovens exports from Hungary, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Romania (X% per year).

Export Prices by Country

The average non-electric industrial furnace export price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

Non-Electric Industrial Furnace Imports

Imports into Hungary

For the third year in a row, Hungary recorded growth in supplies from abroad of non-electric industrial or laboratory furnaces and ovens, which increased by X% to X units in 2022. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, non-electric industrial furnace imports skyrocketed to $X in 2022. In general, imports posted strong growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), France (X units) and the UK (X units) were the main suppliers of non-electric industrial furnace imports to Hungary, with a combined X% share of total imports. Ukraine, Turkey, Italy, Slovakia and Germany lagged somewhat behind, together accounting for a further X%.

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

In value terms, France ($X) constituted the largest supplier of non-electric industrial or laboratory furnaces and ovens to Hungary, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by Ukraine, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Ukraine (X% per year).

Import Prices by Country

In 2022, the average non-electric industrial furnace import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price recorded noticeable growth. The growth pace was the most rapid in 2019 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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