Report Update Apr 1, 2024

Hungary - Rotary Converters - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Electric Rotary Converter Market 2024

Electric Rotary Converter Exports

Exports from Hungary

In 2021, after two years of growth, there was significant decline in shipments abroad of electric rotary converters, when their volume decreased by -55.5% to X units. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2019 when exports increased by 3,393%. Over the period under review, the exports attained the maximum at X units in 2020, and then reduced notably in the following year.

In value terms, electric rotary converter exports contracted rapidly to $X in 2021. Overall, exports, however, recorded a strong increase. The growth pace was the most rapid in 2019 when exports increased by 4,080%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ukraine (X units), Germany (X units) and the United Arab Emirates (X units) were the main destinations of electric rotary converter exports from Hungary, with a combined 67% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +794.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) emerged as the key foreign market for electric rotary converters exports from Hungary, comprising 79% of total exports. The second position in the ranking was held by Germany ($X), with a 3.5% share of total exports. It was followed by the United Arab Emirates, with a 1.6% share.

From 2012 to 2021, the average annual growth rate of value to Ukraine totaled +144.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+68.4% per year) and the United Arab Emirates (-11.9% per year).

Export Prices by Country

In 2021, the average electric rotary converter export price amounted to $X per unit, which is down by -10.6% against the previous year. Overall, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 2,476%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Romania ($X per unit), while the average price for exports to France ($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 Ukraine (+6.0%), while the prices for the other major destinations experienced a decline.

Electric Rotary Converter Imports

Imports into Hungary

In 2021, overseas purchases of electric rotary converters decreased by -95.2% to X units for the first time since 2017, thus ending a three-year rising trend. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 712% against the previous year. Over the period under review, imports reached the maximum at X units in 2020, and then shrank remarkably in the following year.

In value terms, electric rotary converter imports declined significantly to $X in 2021. Over the period under review, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 450% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then reduced sharply in the following year.

Imports by Country

Romania (X units), Germany (X units) and the UK (X units) were the main suppliers of electric rotary converter imports to Hungary, together accounting for 98% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +97.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of electric rotary converters to Hungary, comprising 74% of total imports. The second position in the ranking was taken by Romania ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (-11.6% per year) and the UK (+72.7% per year).

Import Prices by Country

In 2021, the average electric rotary converter import price amounted to $X per unit, which is down by -64.5% against the previous year. Over the period under review, the import price faced a significant decrease. The growth pace was the most rapid in 2020 when the average import price increased by 92% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Romania ($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 UK (-9.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric rotary converters in the world?

The countries with the highest volumes of consumption in 2021 were the United States, Malaysia and the Netherlands, together accounting for 60% of global consumption. Hong Kong SAR, Nigeria, Canada, Latvia, Vietnam, Switzerland and the UK lagged somewhat behind, together comprising a further 25%.

What are the largest producers of electric rotary converters in the world?

Malaysia constituted the country with the largest volume of electric rotary converter production, comprising approx. 31% of total volume. Moreover, electric rotary converter production in Malaysia exceeded the figures recorded by the second-largest producer, Hong Kong SAR, twofold. The third position in this ranking was held by Germany, with an 11% share.

What are the leading suppliers of electric rotary converters to Hungary?

In value terms, Germany constituted the largest supplier of electric rotary converters to Hungary, comprising 74% of total imports. The second position in the ranking was taken by Romania, with a 12% share of total imports.

What are the leading importers of electric rotary converters from Hungary?

In value terms, Ukraine emerged as the key foreign market for electric rotary converters exports from Hungary, comprising 79% of total exports. The second position in the ranking was taken by Germany, with a 3.5% share of total exports. It was followed by the United Arab Emirates, with a 1.6% share.

What is the average export price for electric rotary converters in Hungary?

The average electric rotary converter export price stood at $139 per unit in 2021, declining by -10.6% against the previous year.

What is the average import price for electric rotary converters in Hungary?

In 2021, the average electric rotary converter import price amounted to $27 per unit, dropping by -64.5% against the previous year.

This report provides an in-depth analysis of the electric rotary converter market 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 27113270 - Rotary converters

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023