Hungary: Way-Type Unit Head Market 2022

Way-Type Unit Head Market Size in Hungary

For the third consecutive year, the Hungarian way-type unit head market recorded decline in sales value, which decreased by -X% to $X in 2021. Overall, consumption, however, recorded a slight increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Way-Type Unit Head Production in Hungary

In value terms, way-type unit head production dropped to $X in 2021 estimated in export price. In general, production, however, recorded buoyant growth. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2020, and then reduced modestly in the following year.

Way-Type Unit Head Exports

Exports from Hungary

In 2021, shipments abroad of way-type unit heads for working metal increased by X% to X tons, rising for the fifth consecutive year after three years of decline. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, way-type unit head exports reduced markedly to $X in 2021. Overall, exports showed tangible growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2020, and then shrank significantly in the following year.

Exports by Country

Germany (X tons) was the main destination for way-type unit head exports from Hungary, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +X%.

In value terms, Germany ($X) also remains the key foreign market for way-type unit head exports from Hungary.

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

Export Prices by Country

The average way-type unit head export price stood at $X per ton in 2021, reducing by -X% against the previous year. In general, the export price faced a dramatic shrinkage. The pace of growth was the most pronounced in 2014 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to -X% per year.

Way-Type Unit Head Imports

Imports into Hungary

In 2021, purchases abroad of way-type unit heads for working metal increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports posted a strong expansion. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, way-type unit head imports contracted markedly to $X in 2021. Overall, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

Italy (X tons), China (X tons) and Austria (X tons) were the main suppliers of way-type unit head imports to Hungary, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest way-type unit head suppliers to Hungary were China ($X), Italy ($X) and Germany ($X), with a combined X% share of total imports.

Italy, with a CAGR of +X%, saw the highest growth rate of 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 way-type unit head import price stood at $X per ton in 2021, shrinking by -X% against the previous year. In general, the import price faced a deep setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2020, and then declined notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, 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