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Hungary - Electric Radiators And Convection Heaters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectric Radiator Price in Hungary - 2023
Contents:
- Electric Radiator Price in Hungary (CIF) - 2023
- Electric Radiator Price in Hungary (FOB) - 2022
- Electric Radiator Imports in Hungary
- Electric Radiator Exports in Hungary
Electric Radiator Price in Hungary (CIF) - 2023
In August 2023, the average electric radiator import price amounted to $29.6 per unit, waning by -56.7% against the previous month. Overall, the import price recorded a mild decrease. The growth pace was the most rapid in July 2023 an increase of 82% against the previous month. Over the period under review, average import prices attained the peak figure at $106 per unit in May 2023; however, from June 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Lithuania ($64.0 per unit), while the price for the Czech Republic ($9.9 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 (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Electric Radiator Price in Hungary (FOB) - 2022
The average electric radiator export price stood at $25 per unit in 2022, shrinking by -36.1% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 141%. The export price peaked at $60 per unit in 2015; however, from 2016 to 2022, 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 Germany ($104 per unit), while the average price for exports to France ($6 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 Germany (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Radiator Imports in Hungary
Electric radiator imports into Hungary surged to 1M units in 2022, with an increase of 35% on the year before. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, electric radiator imports expanded markedly to $34M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +97.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 32% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Electric Radiator in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7.2 | 9.6 | 14.0 | 14.5 | 26.3% |
Germany | 3.6 | 5.2 | 7.0 | 9.0 | 35.7% |
Lithuania | 1.2 | 1.2 | 1.4 | 2.1 | 20.5% |
Czech Republic | 0.8 | 0.8 | 0.8 | 1.8 | 31.0% |
Poland | 0.8 | 0.5 | 0.6 | 0.9 | 4.0% |
Ukraine | 0.9 | 0.7 | 0.7 | 0.7 | -8.0% |
Romania | 0.2 | 0.3 | 0.4 | 0.6 | 44.2% |
Slovakia | 0.5 | 1.3 | 0.9 | 0.5 | 0.0% |
Italy | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
Others | 1.7 | 2.8 | 3.1 | 3.3 | 24.7% |
Total | 17.1 | 22.5 | 29.4 | 33.8 | 25.5% |
Top Suppliers of Electric Radiator to Hungary in 2022:
- Germany (300.3K units)
- China (288.7K units)
- Czech Republic (73.5K units)
- Slovakia (40.4K units)
- Lithuania (31.3K units)
- Poland (15.7K units)
- Italy (14.7K units)
- Romania (13.7K units)
- Ukraine (13.1K units)
Electric Radiator Exports in Hungary
For the third consecutive year, Hungary recorded decline in overseas shipments of electric radiators and convection heaters, which decreased by -30.9% to 164K units in 2022. Over the period under review, exports saw a deep slump. The smallest decline of -4.8% was in 2021. The exports peaked at 269K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, electric radiator exports shrank significantly to $4.1M in 2022. In general, exports saw a dramatic slump. The smallest decline of -7.3% was in 2021. Over the period under review, the exports attained the peak figure at $13M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Electric Radiator in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Slovakia | 1.8 | 1.1 | 1.1 | 1.2 | -12.6% |
Romania | 1.1 | 2.1 | 4.7 | 1.1 | 0.0% |
Czech Republic | 0.4 | 0.3 | 0.2 | 0.4 | 0.0% |
Croatia | 0.1 | 0.2 | 0.4 | 0.3 | 44.2% |
Germany | 7.0 | 4.8 | 2.5 | 0.3 | -65.0% |
Netherlands | 0.1 | N/A | N/A | 0.1 | 0.0% |
France | N/A | N/A | N/A | 0.1 | 0% |
China | 1.3 | N/A | N/A | N/A | 0% |
Others | 1.0 | 1.5 | 0.4 | 0.6 | -15.7% |
Total | 12.7 | 10.1 | 9.4 | 4.1 | -31.4% |
Top Export Markets for Electric Radiator from Hungary in 2022:
- Slovakia (60.8K units)
- Romania (43.9K units)
- France (20.9K units)
- Czech Republic (17.5K units)
- Croatia (7.8K units)
- Germany (3.0K units)
- Netherlands (2.5K units)
This report provides an in-depth analysis of the electric radiator 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 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans
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
-
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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