Report Update Apr 1, 2024

Hungary - Wind Powered Generating Sets - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in Hungary

For the fifth year in a row, the Hungarian wind powered generator market recorded growth in sales value, which increased by 55% to $X in 2021. In general, consumption showed a resilient expansion. Wind powered generator consumption peaked in 2021 and is likely to continue growth in years to come.

Wind Powered Generator Production in Hungary

In value terms, wind powered generator production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 41%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Wind Powered Generator Exports

Exports from Hungary

In 2021, overseas shipments of wind powered generating sets increased by 194% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 11,467%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, wind powered generator exports surged to $X in 2021. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 5,960%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Moldova (X units), Nigeria (X units) and Lebanon (X units) were the main destinations of wind powered generator exports from Hungary, together comprising 89% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lebanon (with a CAGR of +400.0%), while the other leaders experienced more modest paces of growth.

In value terms, Moldova ($X) emerged as the key foreign market for wind powered generating sets exports from Hungary, comprising 91% of total exports. The second position in the ranking was held by Jordan ($X), with an 8.1% share of total exports. It was followed by Nigeria, with a 0.7% share.

From 2012 to 2021, the average annual growth rate of value to Moldova was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (0.0% per year) and Nigeria (0.0% per year).

Export Prices by Country

In 2021, the average wind powered generator export price amounted to $X per unit, surging by 72% against the previous year. Overall, the export price saw a pronounced increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 139% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Moldova ($X per unit), while the average price for exports to Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+2,259.1%), while the prices for the other major destinations experienced mixed trend patterns.

Wind Powered Generator Imports

Imports into Hungary

In 2021, purchases abroad of wind powered generating sets increased by 73% to X units, rising for the fifth consecutive year after three years of decline. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 597% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, wind powered generator imports surged to $X in 2021. Over the period under review, imports continue to indicate a prominent expansion. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main wind powered generator supplier to Hungary, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +59.2%.

In value terms, China ($X) constituted the largest supplier of wind powered generating sets to Hungary.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +17.4%.

Import Prices by Country

In 2021, the average wind powered generator import price amounted to $X per unit, surging by 775% against the previous year. Overall, the import price, however, saw a sharp decline. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -26.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wind powered generating sets in the world?

Mexico constituted the country with the largest volume of wind powered generator consumption, comprising approx. 19% of total volume. Moreover, wind powered generator consumption in Mexico exceeded the figures recorded by the second-largest consumer, Croatia, twofold. Hong Kong SAR ranked third in terms of total consumption with a 7.3% share.

What are the largest producers of wind powered generating sets in the world?

Hong Kong SAR constituted the country with the largest volume of wind powered generator production, comprising approx. 30% of total volume. Moreover, wind powered generator production in Hong Kong SAR exceeded the figures recorded by the second-largest producer, Cyprus, twofold. The third position in this ranking was held by France, with an 8% share.

What are the leading suppliers of wind powered generating sets to Hungary?

In value terms, China constituted the largest supplier of wind powered generating sets to Hungary.

What are the leading importers of wind powered generating sets from Hungary?

In value terms, Moldova emerged as the key foreign market for wind powered generating sets exports from Hungary, comprising 91% of total exports. The second position in the ranking was held by Jordan, with an 8.1% share of total exports. It was followed by Nigeria, with a 0.7% share.

What is the average export price for wind powered generating sets in Hungary?

The average wind powered generator export price stood at $10,267 per unit in 2021, jumping by 72% against the previous year.

What is the average import price for wind powered generating sets in Hungary?

In 2021, the average wind powered generator import price amounted to $323 per unit, picking up by 775% against the previous year.

This report provides an in-depth analysis of the wind powered generator market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28112400 - Generating sets, wind-powered

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023