Hungary: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in Hungary

The Hungarian electrical circuit apparatus market surged to $X in 2021, increasing by X% against the previous year. Over the period under review, consumption continues to indicate prominent growth. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the immediate term.

Electrical Circuit Apparatus Production in Hungary

In value terms, electrical circuit apparatus production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Electrical Circuit Apparatus Exports

Exports from Hungary

In 2021, the amount of electrical apparatus for circuit connection, switching and protection exported from Hungary was estimated at X units, increasing by X% on 2020. The total export volume increased at an average annual rate of X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, electrical circuit apparatus exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), France (X units) and Poland (X units) were the main destinations of electrical circuit apparatus exports from Hungary, with a combined X% share of total exports. Ukraine, Romania, Russia, Austria, Spain, Turkey, the Czech Republic, Bulgaria, Sweden and Serbia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for electrical apparatus for circuit connection, switching and protection exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Ukraine, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Ukraine (X% per year).

Export Prices by Country

In 2021, the average electrical circuit apparatus export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into Hungary

In 2021, approx. X units of electrical apparatus for circuit connection, switching and protection were imported into Hungary; increasing by X% compared with the previous year. Overall, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, electrical circuit apparatus imports soared to $X in 2021. The total import value increased at an average annual rate of X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X units) constituted the largest electrical circuit apparatus supplier to Hungary, accounting for a X% share of total imports. Moreover, electrical circuit apparatus imports from France exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was taken by Poland (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Poland (X% per year).

In value terms, Germany ($X) constituted the largest supplier of electrical apparatus for circuit connection, switching and protection to Hungary, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and China (X% per year).

Import Prices by Country

The average electrical circuit apparatus import price stood at $X per unit in 2021, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :