Hungary: Thread Rolling Machine Market 2022

Thread Rolling Machine Market Size in Hungary

In 2021, the Hungarian thread rolling machine market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption continues to indicate a deep contraction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Thread Rolling Machine Production in Hungary

In value terms, thread rolling machine production dropped to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Thread rolling machine production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Thread Rolling Machine Exports

Exports from Hungary

In 2021, thread rolling machine exports from Hungary declined markedly to X units, falling by -X% on the year before. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports attained the peak of X units, and then dropped notably in the following year.

In value terms, thread rolling machine exports dropped markedly to $X in 2021. Over the period under review, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Serbia (X units) was the main destination for thread rolling machine exports from Hungary, accounting for a approx. X% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Serbia was relatively modest.

From 2012 to 2020, the average annual rate of growth in terms of value to Serbia amounted to +X%.

Export Prices by Country

The average thread rolling machine export price stood at $X per unit in 2020, surging by X% against the previous year. Overall, the export price, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2020, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Serbia.

From 2012 to 2020, the rate of growth in terms of prices for Serbia amounted to +X% per year.

Thread Rolling Machine Imports

Imports into Hungary

In 2021, the amount of thread rolling machines for working metal, sintered metal carbides or cermets imported into Hungary soared to X units, rising by X% compared with the year before. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, thread rolling machine imports soared to $X in 2021. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of thread rolling machine to Hungary, accounting for a X% share of total imports. Moreover, thread rolling machine imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +X%.

In value terms, Germany ($X) constituted the largest supplier of thread rolling machine to Hungary, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +X%.

Import Prices by Country

In 2021, the average thread rolling machine import price amounted to $X per unit, waning by -X% against the previous year. Over the period under review, the import price continues to indicate a precipitous decrease. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Italy amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-X%).

Source: IndexBox Platform