Hungary: Telephonic Switching Apparatus Market 2024

Telephonic Switching Apparatus Market Size in Hungary

In 2022, the Hungarian telephonic switching apparatus market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, continues to indicate prominent growth. As a result, consumption attained the peak level of $X, and then shrank rapidly in the following year.

Telephonic Switching Apparatus Production in Hungary

In value terms, telephonic switching apparatus production soared to $X in 2022 estimated in export price. Overall, production, however, showed a significant expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Telephonic Switching Apparatus Exports

Exports from Hungary

In 2022, the amount of telephonic or telegraphic switching apparatus exported from Hungary dropped significantly to X units, with a decrease of X% on the previous year. Overall, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then fell rapidly in the following year.

In value terms, telephonic switching apparatus exports reduced to $X in 2022. In general, exports, however, posted resilient growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

Germany (X units) was the main destination for telephonic switching apparatus exports from Hungary, accounting for a X% share of total exports. Moreover, telephonic switching apparatus exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Italy (X% per year).

In value terms, Germany ($X) remains the key foreign market for telephonic or telegraphic switching apparatus exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with an X% share of total exports. It was followed by the Netherlands, with an 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: the United States (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average telephonic switching apparatus export price stood at $X per unit in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Austria ($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 United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Telephonic Switching Apparatus Imports

Imports into Hungary

Telephonic switching apparatus imports into Hungary skyrocketed to X units in 2022, rising by X% compared with 2021 figures. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, telephonic switching apparatus imports shrank modestly to $X in 2022. In general, imports showed a significant increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

China (X units), the Netherlands (X units) and Ukraine (X units) were the main suppliers of telephonic switching apparatus imports to Hungary, together accounting for X% of total imports. Germany, France, Sweden, Taiwan (Chinese), the Czech Republic, Indonesia, India and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Czech Republic ($X) and Taiwan (Chinese) ($X) constituted the largest telephonic switching apparatus suppliers to Hungary, with a combined X% share of total imports. The Netherlands, Germany, the United States, Ukraine, France, Indonesia, Sweden and India lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average telephonic switching apparatus import price stood at $X per unit in 2022, declining by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 the Czech Republic ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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