Hungary: Snow Motor Vehicle Market 2024

Snow Motor Vehicle Market Size in Hungary

The Hungarian snow motor vehicle market was finally on the rise to reach $X in 2022, after two years of decline. In general, the total consumption indicated buoyant growth 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. Snow motor vehicle consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Snow Motor Vehicle Production in Hungary

In value terms, snow motor vehicle production stood at $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume decreased by X%. Over the period under review, production hit record highs in 2022 and is likely to continue growth in years to come.

Snow Motor Vehicle Exports

Exports from Hungary

In 2022, approx. X units of motor vehicles for travelling on snow or golf cars were exported from Hungary; increasing by X% on the previous year's figure. In general, exports, however, saw a pronounced downturn. 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 reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, snow motor vehicle exports soared to $X in 2022. Overall, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X units), France (X units) and Italy (X units) were the main destinations of snow motor vehicle exports from Hungary, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), France ($X) and Germany ($X) appeared to be the largest markets for snow motor vehicle exported from Hungary worldwide, with a combined X% share of total exports. Italy, Austria, Poland, Ukraine, Serbia, Sweden, Greece, Finland and Slovakia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Italy, with a CAGR of X%, saw the highest growth rate of 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

The average snow motor vehicle export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, export price indicated a strong expansion 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, snow motor vehicle export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then fell in the following year.

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 Poland ($X per unit), while the average price for exports to Greece ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Snow Motor Vehicle Imports

Imports into Hungary

In 2022, after two years of decline, there was significant growth in supplies from abroad of motor vehicles for travelling on snow or golf cars, when their volume increased by X% to X units. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume 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. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, snow motor vehicle imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Taiwan (Chinese) (X units) constituted the largest supplier of snow motor vehicle to Hungary, with a X% share of total imports. Moreover, snow motor vehicle imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) totaled X%.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of motor vehicles for travelling on snow or golf cars to Hungary, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) stood at X%.

Import Prices by Country

The average snow motor vehicle import price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%).

Source: IndexBox Platform

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