Hungary: Battery Market Overview 2020

Battery Market Size in Hungary

The revenue of the battery market in Hungary amounted to $X in 2018, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, battery consumption continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2010 when the market value increased by X% against the previous year. Over the period under review, the battery market attained its maximum level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Battery Exports

Exports from Hungary

In 2018, approx. X units of primary cells and primary batteries were exported from Hungary; flattening at the previous year. Over the period under review, battery exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, battery exports attained their peak figure at X units in 2009; however, from 2010 to 2018, exports failed to regain their momentum.

In value terms, battery exports stood at $X in 2018. Over the period under review, battery exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. In that year, battery exports attained their peak of $X. From 2014 to 2018, the growth of battery exports remained at a lower figure.

Exports by Country

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

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

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

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

Export Prices by Country

The average battery export price stood at $X per unit in 2018, coming down by -X% against the previous year. Overall, the battery export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. The export price peaked at $X per unit in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per unit), while the average price for exports to Croatia ($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 Ukraine, while the prices for the other major destinations experienced more modest paces of growth.

Battery Imports

Imports into Hungary

Battery imports into Hungary stood at X units in 2018, dropping by -X% against the previous year. In general, battery imports continue to indicate a drastic deduction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, battery imports reached their maximum at X units in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, battery imports stood at $X in 2018. Overall, battery imports continue to indicate a moderate reduction. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Over the period under review, battery imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Poland (X units) were the main suppliers of battery 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 Poland, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and China, Hong Kong SAR ($X) were the largest battery suppliers to Hungary, together accounting for X% of total imports. China, Slovakia, the Czech Republic, Thailand, Austria, the Netherlands and Belgium lagged somewhat behind, together accounting for a further X experienced the highest rates of growth with regard to imports, in terms of the main suppliers over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average battery import price stood at $X per unit in 2018, picking up by X% against the previous year. In general, the import price indicated a buoyant increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, battery import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2010 an increase of X% against the previous year. The import price peaked at $X per unit in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China, Hong Kong SAR ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox AI Platform