Hungary: Domestic Coffee Machine Market 2024

Domestic Coffee Machine Market Size in Hungary

The Hungarian domestic coffee machine market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, saw a tangible expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Domestic Coffee Machine Production in Hungary

In value terms, domestic coffee machine production fell slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a slight descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Domestic coffee machine production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Domestic Coffee Machine Exports

Exports from Hungary

In 2022, shipments abroad of domestic electric coffee or tea makers increased by X% to X units, rising for the third consecutive year after three years of decline. Over the period under review, exports saw a resilient expansion. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, domestic coffee machine exports skyrocketed to $X in 2022. In general, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Italy (X units) was the main destination for domestic coffee machine exports from Hungary, with a X% share of total exports. Moreover, domestic coffee machine exports to Italy exceeded the volume sent to the second major destination, France (X units), twofold. The United States (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the United States (X% per year).

In value terms, the largest markets for domestic coffee machine exported from Hungary were Italy ($X), the United States ($X) and the UK ($X), with a combined X% share of total exports. France, Poland, Canada, South Korea, Belgium, Ukraine, Brazil, Mexico, Spain and Germany lagged somewhat behind, together accounting for a further X%.

Ukraine, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average domestic coffee machine export price amounted to $X per unit, approximately equating the previous year. In general, export price indicated slight growth 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, domestic coffee machine export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Spain ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Domestic Coffee Machine Imports

Imports into Hungary

In 2022, purchases abroad of domestic electric coffee or tea makers decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, domestic coffee machine imports amounted to $X in 2022. In general, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Ukraine (X units) constituted the largest supplier of domestic coffee machine to Hungary, with a X% share of total imports. Moreover, domestic coffee machine imports from Ukraine exceeded the figures recorded by the second-largest supplier, Romania (X units), more than tenfold. The third position in this ranking was taken by Slovakia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Slovakia (X% per year).

In value terms, Ukraine ($X) constituted the largest supplier of domestic electric coffee or tea makers to Hungary, comprising X% of total imports. The second position in the ranking was taken by Romania ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Ukraine totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average domestic coffee machine import price amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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