Hungary: Radiator Market 2022

Radiator Market Size in Hungary

In 2021, the Hungarian radiator market was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Radiator Production in Hungary

In value terms, radiator production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Radiator Exports

Exports from Hungary

In 2021, shipments abroad of radiators for central heating (not electrically heated) was finally on the rise to reach X tons for the first time since 2015, thus ending a five-year declining trend. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, radiator exports rose rapidly to $X in 2021. Over the period under review, exports saw a slight increase. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), Austria (X tons) and the Czech Republic (X tons) were the main destinations of radiator exports from Hungary, with a combined X% share of total exports. France, Romania, Slovakia and Croatia lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and the Czech Republic ($X) constituted the largest markets for radiator exported from Hungary worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +X%, saw 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 2021, the average radiator export price amounted to $X per ton, picking up by less than X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2021, the highest price was recorded for prices to Croatia ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Romania ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2021, 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.

Radiator Imports

Imports into Hungary

In 2021, purchases abroad of radiators for central heating (not electrically heated) was finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, radiator imports skyrocketed to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of radiator to Hungary, accounting for a X% share of total imports. Moreover, radiator imports from Turkey exceeded the figures recorded by the second-largest supplier, Poland (X tons), eightfold. Bulgaria (X tons) ranked third in terms of total imports with less than X% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Bulgaria (+X% per year).

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

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +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

The average radiator import price stood at $X per ton in 2021, surging by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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