Hungary: Bus Market Overview 2021

Bus Market Size in Hungary

In 2019, the Hungarian bus market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. In general, consumption, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2015 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. From 2016 to 2019, the growth of the market remained at a somewhat lower figure.

Bus Production in Hungary

In value terms, bus production skyrocketed to $X in 2019 estimated in export prices. In general, production showed perceptible growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Bus production peaked in 2019 and is expected to retain growth in the near future.

Bus Exports

Exports from Hungary

For the third year in a row, Hungary recorded decline in shipments abroad of public-transport type passenger motor vehicles, which decreased by -X% to X units in 2019. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. As a result, exports attained the peak of X units. From 2009 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, bus exports expanded to $X in 2019. In general, exports showed a deep contraction. The pace of growth was the most pronounced in 2011 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

Exports by Country

Slovakia (X units), Romania (X units) and the Netherlands (X units) were the main destinations of bus exports from Hungary, with a combined X% share of total exports. These countries were followed by Germany, France, Greece and Estonia, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Romania ($X) and the Netherlands ($X) appeared to be the largest markets for bus exported from Hungary worldwide, with a combined X% share of total exports. These countries were followed by Germany, Greece, Estonia and France, which together accounted for a further X the main countries of destination, France (+X% per year) recorded the highest growth rate of 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

In 2019, the average bus export price amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, recorded a abrupt decrease. The growth pace was the most rapid in 2010 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Greece ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Bus Imports

Imports into Hungary

In 2019, after two years of growth, there was significant decline in overseas purchases of public-transport type passenger motor vehicles, when their volume decreased by -X% to X units. Over the period under review, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

In value terms, bus imports dropped markedly to $X in 2019. In general, imports saw modest growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2019, the growth imports failed to regain the momentum.

Imports by Country

Turkey (X units), Slovenia (X units) and Poland (X units) were the main suppliers of bus imports to Hungary, with a combined X% share of total imports. These countries were followed by Germany, France, Switzerland and Serbia, which together accounted for a further X 2007 to 2019, the biggest increases were in Serbia (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

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

From 2007 to 2019, the average annual growth rate of value from Turkey stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Germany (-X% per year).

Import Prices by Country

In 2019, the average bus import price amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price posted a pronounced increase. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. Over the period under review, average import prices hit record highs in 2019 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Turkey ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for public-transport type passenger motor vehicles in the world?

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China (152K units) constituted the country with the largest volume of bus consumption, accounting for 18% of total volume. Moreover, bus consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (73K units), twofold. Turkey (61K units) ranked third in terms of total consumption with a 7.2% share.

What are the largest producers of public-transport type passenger motor vehicles in the world?

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China (202K units) constituted the country with the largest volume of bus production, comprising approx. 26% of total volume. Moreover, bus production in China exceeded the figures recorded by the second-largest producer, the U.S. (85K units), twofold. The third position in this ranking was occupied by Turkey (80K units), with a 10% share.

What are the leading suppliers of public-transport type passenger motor vehicles to Hungary?

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In value terms, Turkey ($38M) constituted the largest supplier of bus to Hungary, comprising 52% of total imports. The second position in the ranking was occupied by Poland ($15M), with a 20% share of total imports. It was followed by Germany, with a 15% share.

What are the leading importers of public-transport type passenger motor vehicles from Hungary?

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In value terms, the largest markets for bus exported from Hungary were Slovakia ($906K), Romania ($903K) and the Netherlands ($704K), with a combined 78% share of total exports. Germany, Greece, Estonia and France lagged somewhat behind, together accounting for a further 15%.

What is the average export price for public-transport type passenger motor vehicles in Hungary?

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The average bus export price stood at $105,460 per unit in 2019, with an increase of 19% against the previous year.

What is the average import price for public-transport type passenger motor vehicles in Hungary?

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In 2019, the average bus import price amounted to $122,811 per unit, rising by 11% against the previous year.