Hungary - Boards, Panels, Consoles, Desks And Cabinets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Electric Board, Desk and Panel in Hungary - 2023
Contents:
- Price for Electric Board, Desk and Panel in Hungary (FOB) - 2023
- Price for Electric Board, Desk and Panel in Hungary (CIF) - 2022
- Exports of Electric Board, Desk and Panel in Hungary
- Imports of Electric Board, Desk and Panel in Hungary
Price for Electric Board, Desk and Panel in Hungary (FOB) - 2023
In August 2023, the average export price for electrical boards, panels, consoles, desks and cabinets amounted to $5.6 per unit, picking up by 11% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.5%. The growth pace was the most rapid in January 2023 an increase of 23% m-o-m. Over the period under review, the average export prices hit record highs in August 2023.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Ukraine ($6.5 per unit), while the average price for exports to North Macedonia ($2.2 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electric Board, Desk and Panel in Hungary (CIF) - 2022
In 2022, the average import price for electrical boards, panels, consoles, desks and cabinets amounted to $3 per unit, with an increase of 30% against the previous year. In general, the import price showed prominent growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 43% against the previous year. 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 the Czech Republic ($6.8 per unit), while the price for Turkey ($1.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electric Board, Desk and Panel in Hungary
In 2022, overseas shipments of electrical boards, panels, consoles, desks and cabinets increased by 2.2% to 51M units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a pronounced contraction. The exports peaked at 55M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, electric board, desk and panel exports rose to $216M in 2022. The total export value increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 6.9% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Electric Board, Desk and Panel in Hungary (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 33.2 | 31.0 | 44.8 | 50.5 | 15.0% |
France | 65.1 | 70.3 | 42.3 | 49.9 | -8.5% |
Spain | 6.6 | 1.7 | 34.9 | 27.5 | 60.9% |
Czech Republic | 30.3 | 29.4 | 25.6 | 23.4 | -8.3% |
Italy | 10.7 | 12.1 | 14.6 | 16.8 | 16.2% |
Romania | 5.5 | 11.1 | 8.2 | 12.6 | 31.8% |
Poland | 11.1 | 5.7 | 7.7 | 7.7 | -11.5% |
Russia | 4.2 | 4.1 | 5.4 | 5.3 | 8.1% |
Switzerland | 2.3 | 1.6 | 2.2 | 2.9 | 8.0% |
Slovakia | 2.5 | 2.3 | 1.8 | 1.9 | -8.7% |
Croatia | 2.0 | 1.8 | 1.2 | 1.8 | -3.5% |
Bulgaria | 2.9 | 2.1 | 2.9 | 1.6 | -18.0% |
Greece | 2.8 | 1.6 | 1.1 | 0.9 | -31.5% |
Others | 26.3 | 20.0 | 15.5 | 13.3 | -20.3% |
Total | 205 | 195 | 208 | 216 | 1.8% |
Top Export Markets for Electric Board, Desk and Panel from Hungary in 2022:
- Germany (18.4M units)
- Italy (7.9M units)
- France (5.8M units)
- Romania (3.3M units)
- Poland (2.9M units)
- Russia (2.5M units)
- Czech Republic (1.7M units)
- Croatia (1.1M units)
- Spain (1.1M units)
- Switzerland (0.9M units)
- Slovakia (0.9M units)
- Bulgaria (0.8M units)
- Greece (0.6M units)
Imports of Electric Board, Desk and Panel in Hungary
For the third consecutive year, Hungary recorded decline in supplies from abroad of electrical boards, panels, consoles, desks and cabinets, which decreased by -22.8% to 44M units in 2022. In general, imports recorded a deep setback. The smallest decline of -14.3% was in 2020. Over the period under review, imports hit record highs at 80M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, electric board, desk and panel imports reached $131M in 2022. The total import value increased at an average annual rate of +10.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 20%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
Import of Electric Board, Desk and Panel in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 10.0 | 23.0 | 43.6 | 49.2 | 70.1% |
Germany | 38.7 | 35.2 | 36.7 | 28.1 | -10.1% |
France | 21.5 | 17.7 | 14.5 | 15.6 | -10.1% |
Czech Republic | 2.0 | 6.1 | 8.3 | 10.7 | 74.9% |
Italy | 2.2 | 2.4 | 2.7 | 5.2 | 33.2% |
Austria | 2.6 | 1.6 | 2.1 | 2.9 | 3.7% |
Belgium | 3.0 | 2.2 | 1.9 | 2.0 | -12.6% |
Bulgaria | N/A | 0.1 | 0.1 | 1.8 | 324.3% |
Spain | 4.5 | 3.8 | 2.1 | 1.6 | -29.2% |
Turkey | 0.9 | 0.9 | 1.6 | 1.1 | 6.9% |
Russia | 1.9 | 2.0 | 2.5 | 0.5 | -35.9% |
Others | 10.6 | 12.8 | 13.6 | 11.9 | 3.9% |
Total | 97.9 | 108 | 130 | 131 | 10.2% |
Top Suppliers of Electric Board, Desk and Panel to Hungary in 2022:
- Germany (11.9M units)
- France (10.3M units)
- China (8.6M units)
- Italy (2.1M units)
- Czech Republic (1.6M units)
- Bulgaria (1.5M units)
- Austria (1.4M units)
- Spain (1.3M units)
- Turkey (1.0M units)
- Belgium (0.8M units)
- Russia (0.4M units)
This report provides an in-depth analysis of the market for electric board, desk and panel 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 27124030 - Boards, panels, consoles, desks, cabinets and other bases for apparatus for electric control or the distribution of electricity (excluding those equipped with their apparatus)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for electric board, desk and panel in Hungary.
This report provides an in-depth analysis of the global market for electric board, desk and panel.
This report provides an in-depth analysis of the market for electric board, desk and panel in Hungary.
This report provides an in-depth analysis of the global market for electric board, desk and panel.
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