Hungary: Stone Sawing Machine Market 2023

Stone Sawing Machine Market Size in Hungary

In 2021, the Hungarian stone sawing machine market decreased by -37.7% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption continues to indicate a abrupt slump. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Stone Sawing Machine Production in Hungary

In value terms, stone sawing machine production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. The growth pace was the most rapid in 2017 when the production volume increased by 34%. Stone sawing machine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Stone Sawing Machine Exports

Exports from Hungary

In 2021, overseas shipments of sawing machines for working stone, ceramics and concrete increased by 691% to X units, rising for the third consecutive year after three years of decline. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, stone sawing machine exports surged to $X in 2021. Overall, exports, however, continue to indicate a drastic downturn. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X units) was the main destination for stone sawing machine exports from Hungary, with a 65% share of total exports. Moreover, stone sawing machine exports to the Czech Republic exceeded the volume sent to the second major destination, Bulgaria (X units), fivefold. The third position in this ranking was held by Germany (X units), with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic amounted to +318.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+207.2% per year) and Germany (+134.9% per year).

In value terms, the largest markets for stone sawing machine exported from Hungary were the Czech Republic ($X), Romania ($X) and Slovakia ($X), together accounting for 79% of total exports. These countries were followed by Bulgaria, Germany and the United Arab Emirates, which together accounted for a further 18%.

Among the main countries of destination, Bulgaria, with a CAGR of +299.1%, saw the highest rates of growth with regard to 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 stone sawing machine export price amounted to $X per unit, waning by -40.1% against the previous year. Overall, the export price continues to indicate a dramatic setback. The pace of growth was the most pronounced in 2017 an increase of 69%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+30.0%), while the prices for the other major destinations experienced a decline.

Stone Sawing Machine Imports

Imports into Hungary

In 2021, the amount of sawing machines for working stone, ceramics and concrete imported into Hungary soared to X units, picking up by 94% compared with 2020. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, stone sawing machine imports skyrocketed to $X in 2021. Overall, imports showed strong growth. The pace of growth was the most pronounced in 2018 when imports increased by 166%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X units), the Netherlands (X units) and Poland (X units) were the main suppliers of stone sawing machine imports to Hungary, with a combined 75% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +129.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of sawing machines for working stone, ceramics and concrete to Hungary, comprising 34% of total imports. The second position in the ranking was taken by Austria ($X), with a 17% share of total imports. It was followed by Italy, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +63.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+49.4% per year) and Italy (+48.1% per year).

Import Prices by Country

The average stone sawing machine import price stood at $X per unit in 2021, with an increase of 14% against the previous year. In general, the import price, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 130%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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