Hungary - Automotive Lighting - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAutomotive Lighting Price in Hungary - 2023
Contents:
- Automotive Lighting Price in Hungary (CIF) - 2023
- Automotive Lighting Price in Hungary (FOB) - 2023
- Automotive Lighting Imports in Hungary
- Automotive Lighting Exports in Hungary
Automotive Lighting Price in Hungary (CIF) - 2023
The average automotive lighting import price stood at $48.6 per unit in August 2023, rising by 15% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.3%. The growth pace was the most rapid in November 2022 an increase of 42% m-o-m. Over the period under review, average import prices hit record highs in August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($75.2 per unit), while the price for Romania ($13.4 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Automotive Lighting Price in Hungary (FOB) - 2023
The average automotive lighting export price stood at $49.5 per unit in August 2023, increasing by 16% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 24% against the previous month. The export price peaked at $56.3 per unit in April 2023; however, from May 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($75.0 per unit), while the average price for exports to Ukraine ($25.5 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 Austria (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Automotive Lighting Imports in Hungary
For the fourth year in a row, Hungary recorded growth in overseas purchases of automotive lighting, which increased by 16% to 23M units in 2022. The total import volume increased at an average annual rate of +12.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, automotive lighting imports fell modestly to $320M in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 2% against the previous year. Imports peaked at $333M in 2021, and then reduced slightly in the following year.
Import of Automotive Lighting in Hungary (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 43.7 | 68.8 | 55.4 | 75.1 | 19.8% |
Austria | 58.8 | 58.5 | 70.7 | 60.3 | 0.8% |
Slovakia | 66.8 | 46.8 | 44.9 | 38.3 | -16.9% |
Slovenia | 22.1 | 24.6 | 38.2 | 34.8 | 16.3% |
France | 13.2 | 26.9 | 23.6 | 22.9 | 20.2% |
Germany | 31.8 | 36.3 | 24.5 | 22.3 | -11.2% |
Belgium | 38.9 | 28.0 | 25.2 | 14.1 | -28.7% |
Poland | 10.5 | 9.9 | 12.0 | 11.1 | 1.9% |
Czech Republic | 3.7 | 2.9 | 4.1 | 10.7 | 42.5% |
Romania | 7.3 | 5.8 | 6.2 | 5.7 | -7.9% |
Others | 28.8 | 23.8 | 28.4 | 24.7 | -5.0% |
Total | 326 | 332 | 333 | 320 | -0.6% |
Top Suppliers of Automotive Lighting to Hungary in 2022:
- Italy (5.5M units)
- Austria (4.4M units)
- Slovakia (2.8M units)
- Slovenia (2.5M units)
- France (1.7M units)
- Germany (1.6M units)
- Belgium (1.0M units)
- Czech Republic (0.8M units)
- Poland (0.8M units)
- Romania (0.4M units)
Automotive Lighting Exports in Hungary
In 2022, approx. 11M units of automotive lighting were exported from Hungary; increasing by 37% against the previous year. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +102.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 48%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, automotive lighting exports skyrocketed to $102M in 2022. Overall, exports showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
Export of Automotive Lighting in Hungary (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 13.7 | 7.5 | 13.7 | 42.0 | 45.3% |
China | N/A | N/A | 11.9 | 14.2 | 19.3% |
Romania | 7.0 | 6.0 | 7.6 | 7.8 | 3.7% |
Turkey | 6.5 | 6.4 | 7.0 | 7.0 | 2.5% |
Italy | 1.1 | 0.9 | 0.9 | 4.9 | 64.5% |
Slovakia | 4.8 | 6.1 | 2.4 | 2.8 | -16.4% |
United States | 2.7 | 1.3 | 1.3 | 2.2 | -6.6% |
Mexico | 1.6 | 2.1 | 1.9 | 1.8 | 4.0% |
Czech Republic | 0.8 | 2.5 | 2.0 | 1.6 | 26.0% |
Austria | 1.3 | 1.8 | 1.8 | 1.5 | 4.9% |
Slovenia | 1.3 | 1.1 | 1.3 | 1.4 | 2.5% |
Thailand | 2.2 | 2.0 | 1.4 | 1.1 | -20.6% |
France | 5.5 | 0.4 | 0.4 | 0.4 | -58.3% |
Others | 11.5 | 12.2 | 20.7 | 13.4 | 5.2% |
Total | 60.2 | 50.4 | 74.4 | 102 | 19.2% |
Top Export Markets for Automotive Lighting from Hungary in 2022:
- Germany (4600.3K units)
- China (1566.3K units)
- Romania (850.0K units)
- Turkey (763.6K units)
- Italy (536.0K units)
- Slovakia (303.4K units)
- United States (236.5K units)
- Mexico (193.9K units)
- Czech Republic (177.9K units)
- Austria (164.1K units)
- Slovenia (154.1K units)
- Thailand (123.6K units)
- France (47.1K units)
This report provides an in-depth analysis of the automotive lighting 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 27403910 - Electrical lighting or visual signalling equipment for motor vehicles (excluding electric filament or discharge lamps, s ealed beam lamp units, ultraviolet, infrared and arc lamps)
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
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Discover the top import markets for automotive lighting in 2023, including the United States, Germany, China, and more. Explore key statistics and import values in the automotive industry.
Explore the world's top import markets for lighting equipment for motor vehicles in 2023. Learn about the key countries driving the global trade of automotive lighting components.
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
Discover the top import markets for automotive lighting in 2023, including the United States, Germany, China, and more. Explore key statistics and import values in the automotive industry.
Explore the world's top import markets for lighting equipment for motor vehicles in 2023. Learn about the key countries driving the global trade of automotive lighting components.
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...