Hungary: Way-Type Unit Head Market 2024

Way-Type Unit Head Market Size in Hungary

In 2021, after three years of growth, there was significant decline in the Hungarian way-type unit head market, when its value decreased by -6.2% to $X. Over the period under review, consumption, however, enjoyed strong growth. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Way-Type Unit Head Production in Hungary

In value terms, way-type unit head production declined to $X in 2021 estimated in export price. Overall, production saw prominent growth. The growth pace was the most rapid in 2019 with an increase of 4,830% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then contracted in the following year.

Way-Type Unit Head Exports

Exports from Hungary

In 2021, way-type unit head exports from Hungary skyrocketed to X tons, growing by 9,259% on the year before. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, way-type unit head exports contracted significantly to $X in 2021. In general, exports continue to indicate a measured expansion. The pace of growth appeared the most rapid in 2017 with an increase of 136%. Over the period under review, the exports attained the peak figure at $X in 2020, and then reduced markedly 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 82% share of total exports. Moreover, way-type unit head exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +144.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+235.3% per year) and Slovakia (+23.8% per year).

In value terms, Germany ($X) remains the key foreign market for way-type unit heads for working metal exports from Hungary, comprising 94% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 4.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+12.2% per year) and Slovakia (-9.3% per year).

Export Prices by Country

In 2021, the average way-type unit head export price amounted to $X per ton, which is down by -99.3% against the previous year. Over the period under review, the export price showed a significant contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 11,112%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (-26.5%), while the prices for the other major destinations experienced a decline.

Way-Type Unit Head Imports

Imports into Hungary

In 2021, approx. X tons of way-type unit heads for working metal were imported into Hungary; with an increase of 139% against the previous year. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 19,508%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, way-type unit head imports fell remarkably to $X in 2021. Over the period under review, imports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 755%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest way-type unit head supplier to Hungary, accounting for a 76% share of total imports. Moreover, way-type unit head imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. Austria (X tons) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +151.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+49.0% per year) and Austria (+49.4% per year).

In value terms, the largest way-type unit head suppliers to Hungary were Italy ($X), Germany ($X) and Austria ($X), with a combined 50% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +17.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average way-type unit head import price amounted to $X per ton, dropping by -81.1% against the previous year. Over the period under review, the import price continues to indicate a significant curtailment. The most prominent rate of growth was recorded in 2018 an increase of 194% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for the Netherlands ($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 (+7.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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