Hungary: Transmission Apparatus Market 2024

Transmission Apparatus Market Size in Hungary

The Hungarian transmission apparatus market soared to $X in 2022, surging by X% against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. Transmission apparatus consumption peaked at $X in 2017; afterwards, it flattened through to 2022.

Transmission Apparatus Production in Hungary

In value terms, transmission apparatus production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep setback. The growth pace was the most rapid in 2021 when the production volume increased by X%. Transmission apparatus production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Transmission Apparatus Exports

Exports from Hungary

In 2022, shipments abroad of transmission apparatus incorporating reception apparatus decreased by X% to X units, falling for the second year in a row after two years of growth. In general, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, transmission apparatus exports expanded significantly to $X in 2022. Over the period under review, exports faced a abrupt setback. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Slovenia (X units), Slovakia (X units) and Serbia (X units) were the main destinations of transmission apparatus exports from Hungary, together accounting for X% of total exports.

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

In value terms, the largest markets for transmission apparatus exported from Hungary were Serbia ($X), Slovenia ($X) and Bulgaria ($X), with a combined X% share of total exports.

Among the main countries of destination, Slovenia, with a CAGR of X%, 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 2022, the average transmission apparatus export price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price enjoyed prominent growth. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($X per unit), while the average price for exports to Hong Kong SAR ($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 North Macedonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Apparatus Imports

Imports into Hungary

In 2022, approx. X units of transmission apparatus incorporating reception apparatus were imported into Hungary; remaining constant against the previous year's figure. Over the period under review, imports saw a deep setback. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, transmission apparatus imports rose sharply to $X in 2022. In general, imports showed a deep reduction. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Slovakia (X units) constituted the largest supplier of transmission apparatus to Hungary, with a X% share of total imports. Moreover, transmission apparatus imports from Slovakia exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), twofold. Hong Kong SAR (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Slovakia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Hong Kong SAR (X% per year).

In value terms, the largest transmission apparatus suppliers to Hungary were the Czech Republic ($X), Slovakia ($X) and the Netherlands ($X), with a combined X% share of total imports.

The Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average transmission apparatus import price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for France ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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