Hungary: Market for Reel Fed Offset Printing Machinery 2024

Market Size for Reel Fed Offset Printing Machinery in Hungary

In 2022, the Hungarian market for reel fed offset printing machinery increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, showed a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Reel Fed Offset Printing Machinery in Hungary

In value terms, reel fed offset printing machinery production dropped modestly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Reel fed offset printing machinery production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Exports of Reel Fed Offset Printing Machinery

Exports from Hungary

In 2022, approx. X units of reel fed offset printing machinery were exported from Hungary; waning by X% on the previous year's figure. Over the period under review, exports showed a significant contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, reel fed offset printing machinery exports skyrocketed to $X in 2022. Overall, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for reel fed offset printing machinery exports from Hungary, accounting for a X% share of total exports. Moreover, reel fed offset printing machinery exports to China exceeded the volume sent to the second major destination, Serbia (X units), ninefold.

From 2012 to 2022, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Germany (X% per year).

In value terms, China ($X) emerged as the key foreign market for reel fed offset printing machinery exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Serbia (X% per year).

Export Prices by Country

The average export price for reel fed offset printing machinery stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 China ($X per unit), while the average price for exports to Serbia ($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 Croatia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Reel Fed Offset Printing Machinery

Imports into Hungary

In 2022, overseas purchases of reel fed offset printing machinery increased by X% to X units, rising for the third consecutive year after two years of decline. In general, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, reel fed offset printing machinery imports surged to $X in 2022. Over the period under review, imports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest reel fed offset printing machinery supplier to Hungary, with a X% share of total imports. Moreover, reel fed offset printing machinery imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of reel fed offset printing machinery to Hungary, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average import price for reel fed offset printing machinery amounted to $X per unit, surging by X% against the previous year. Overall, the import price, however, recorded a slight contraction. The growth pace was the most rapid in 2018 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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