Hungary: Market for Television, Video and Digital Cameras 2024

Market Size for Television, Video and Digital Cameras in Hungary

The Hungarian market for television, video and digital cameras contracted remarkably to $X in 2022, shrinking by X% against the previous year. In general, consumption continues to indicate a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Television, Video and Digital Cameras in Hungary

In value terms, television, video and digital camera production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, showed a modest expansion. Television, video and digital camera production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Television, Video and Digital Cameras

Exports from Hungary

In 2022, shipments abroad of television, video and digital cameras decreased by X% to X units, falling for the second year in a row after five years of growth. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, television, video and digital camera exports dropped to $X in 2022. In general, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for television, video and digital camera exports from Hungary, with a X% share of total exports. Moreover, television, video and digital camera exports to Germany exceeded the volume sent to the second major destination, the United States (X units), sixfold. The third position in this ranking was taken by Spain (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume 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 Spain (X% per year).

In value terms, Germany ($X) remains the key foreign market for television, video and digital cameras exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average export price for television, video and digital cameras stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked at $X per unit in 2014; however, from 2015 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 UK ($X per unit), while the average price for exports to Mexico ($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 Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Television, Video and Digital Cameras

Imports into Hungary

In 2022, television, video and digital camera imports into Hungary reduced to X units, waning by X% compared with the previous year. Overall, imports, however, enjoyed slight growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2021, and then dropped in the following year.

In value terms, television, video and digital camera imports reduced to $X in 2022. Over the period under review, imports, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest television, video and digital camera supplier to Hungary, with a X% share of total imports. Moreover, television, video and digital camera imports from China exceeded the figures recorded by the second-largest supplier, Romania (X units), fourfold. Germany (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 China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Germany (X% per year).

In value terms, China ($X), the Netherlands ($X) and Poland ($X) constituted the largest television, video and digital camera suppliers to Hungary, with a combined X% share of total imports. Romania, Germany, Thailand, Ireland, Hong Kong SAR, the Czech Republic and Slovakia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Romania, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average import price for television, video and digital cameras amounted to $X per unit, flattening at the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, television, video and digital camera import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2014 an increase of X%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for the Czech Republic ($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 Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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