Hungary: Safety Seat Belt Market 2024

Safety Seat Belt Market Size in Hungary

The Hungarian safety seat belt market reduced to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a abrupt downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Safety Seat Belt Production in Hungary

In value terms, safety seat belt production fell to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Safety Seat Belt Exports

Exports from Hungary

In 2022, overseas shipments of safety seat belts increased by X% to X units, rising for the third consecutive year after two years of decline. In general, exports showed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, safety seat belt exports stood at $X in 2022. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), Slovakia (X units) and Sweden (X units) were the main destinations of safety seat belt exports from Hungary, with a combined X% share of total exports. The Czech Republic, Belgium, Spain, Italy and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X) remains the key foreign market for safety seat belts exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

From 2012 to 2022, 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: Slovakia (X% per year) and Sweden (X% per year).

Export Prices by Country

The average safety seat belt export price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price recorded a perceptible decrease. The growth pace was the most rapid in 2013 an increase of X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Slovakia ($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 the Czech Republic (X%), while the prices for the other major destinations experienced mixed trend patterns.

Safety Seat Belt Imports

Imports into Hungary

In 2022, overseas purchases of safety seat belts increased by X% to X units, rising for the third consecutive year after three years of decline. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, safety seat belt imports totaled $X in 2022. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Turkey (X units) constituted the largest supplier of safety seat belt to Hungary, with a X% share of total imports. Moreover, safety seat belt imports from Turkey exceeded the figures recorded by the second-largest supplier, Romania (X units), twofold. Poland (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the largest safety seat belt suppliers to Hungary were Poland ($X), Turkey ($X) and Romania ($X), with a combined X% share of total imports. The Czech Republic, Germany, Mexico and Japan lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average safety seat belt import price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price saw a noticeable slump. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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