Hungary: Silencer Market 2024

Silencer Market Size in Hungary

In 2022, the Hungarian silencer market decreased by X% to $X for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, consumption showed a drastic downturn. Silencer consumption peaked at $X in 2021, and then dropped remarkably in the following year.

Silencer Production in Hungary

In value terms, silencer production reduced dramatically to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Silencer Exports

Exports from Hungary

In 2022, the amount of silencers and exhaust pipes exported from Hungary totaled X tons, picking up by X% compared with 2021. Overall, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, silencer exports rose significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons), Romania (X tons) and the Czech Republic (X tons) were the main destinations of silencer exports from Hungary, together comprising X% of total exports. France, the Netherlands, Germany, Mexico, Italy and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silencer exported from Hungary were Slovakia ($X), Italy ($X) and Germany ($X), with a combined X% share of total exports. Romania, the Czech Republic, the Netherlands, Mexico, France and the UK lagged somewhat behind, together accounting for a further X%.

Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average silencer export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silencer Imports

Imports into Hungary

In 2022, after three years of decline, there was significant growth in supplies from abroad of silencers and exhaust pipes, when their volume increased by X% to X tons. Over the period under review, imports, however, recorded a noticeable reduction. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, silencer imports dropped slightly to $X in 2022. Overall, imports, however, saw a pronounced decrease. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Poland (X tons), the Czech Republic (X tons) and Denmark (X tons) were the main suppliers of silencer imports to Hungary, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest silencer suppliers to Hungary were the Czech Republic ($X), Germany ($X) and Poland ($X), with a combined X% share of total imports. Denmark, Italy, France and Romania lagged somewhat behind, together accounting for a further X%.

Denmark, with a CAGR of X%, recorded 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 mixed trend patterns.

Import Prices by Country

The average silencer import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, 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 Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, 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 Platform