Hungary: Electric Filament Lamp Market 2024

Electric Filament Lamp Market Size in Hungary

In 2021, the Hungarian electric filament lamp market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Electric Filament Lamp Production in Hungary

In value terms, electric filament lamp production soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a slight slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by 195%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Electric Filament Lamp Exports

Exports from Hungary

For the fifth consecutive year, Hungary recorded decline in shipments abroad of electric filament lamps, which decreased by -9% to X units in 2021. In general, exports faced a deep reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 6.9%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electric filament lamp exports dropped to $X in 2021. Overall, exports faced a abrupt decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 15%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units), the United States (X units) and Poland (X units) were the main destinations of electric filament lamp exports from Hungary, with a combined 66% share of total exports. These countries were followed by Turkey, Italy, the Czech Republic, Spain, Romania, China, Brazil, France, Portugal and Russia, which together accounted for a further 74%.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +17.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for electric filament lamps exports from Hungary, comprising 44% of total exports. The second position in the ranking was taken by Germany ($X), with a 9.3% share of total exports. It was followed by Turkey, with a 5.1% share.

From 2012 to 2020, the average annual rate of growth in terms of value to the United States totaled -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-11.2% per year) and Turkey (-15.1% per year).

Export Prices by Country

In 2020, the average electric filament lamp export price amounted to $X per unit, surging by 6.5% against the previous year. In general, the export price, however, showed a mild slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 20% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2020, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.2%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Filament Lamp Imports

Imports into Hungary

In 2021, overseas purchases of electric filament lamps increased by 4.6% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2013 when imports increased by 6.8% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electric filament lamp imports rose sharply to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt decline. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), China (X units) and Poland (X units) were the main suppliers of electric filament lamp imports to Hungary, with a combined 71% share of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +6.1%), while imports for the other leaders experienced a decline.

In value terms, the largest electric filament lamp suppliers to Hungary were Germany ($X), China ($X) and Poland ($X), with a combined 54% share of total imports.

China, with a CAGR of +9.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average electric filament lamp import price stood at $X per unit in 2020, falling by -22.9% against the previous year. Overall, the import price saw a perceptible slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 20% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2020, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Slovakia ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Slovakia (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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