Hungary - Flywheels And Pulleys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFlywheels and Pulleys Price in Hungary - 2023
Contents:
- Flywheels and Pulleys Price in Hungary (CIF) - 2023
- Flywheels and Pulleys Price in Hungary (FOB) - 2022
- Flywheels and Pulleys Imports in Hungary
- Flywheels and Pulleys Exports in Hungary
Flywheels and Pulleys Price in Hungary (CIF) - 2023
The average flywheels and pulleys import price stood at $10,530 per ton in June 2023, waning by -16.3% against the previous month. Over the period under review, import price indicated a tangible increase from June 2022 to June 2023: its price increased at an average monthly rate of +2.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, flywheels and pulleys import price decreased by -16.3% against May 2023 indices. The pace of growth was the most pronounced in July 2022 when the average import price increased by 37% month-to-month. Over the period under review, average import prices hit record highs at $13,385 per ton in December 2022; however, from January 2023 to June 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from the Czech Republic ($12,219 per ton) and Poland ($11,511 per ton), while the price for Turkey ($8,479 per ton) and Germany ($9,105 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Flywheels and Pulleys Price in Hungary (FOB) - 2022
The average flywheels and pulleys export price stood at $13,807 per ton in 2022, surging by 11% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flywheels and pulleys export price decreased by -11.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 37%. Over the period under review, the average export prices hit record highs at $15,643 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($38,072 per ton), while the average price for exports to India ($6,294 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Flywheels and Pulleys Imports in Hungary
In 2022, approx. 13K tons of flywheels and pulleys were imported into Hungary; waning by -1.7% compared with 2021. Overall, imports recorded a deep contraction. The growth pace was the most rapid in 2021 with an increase of 1.8% against the previous year.
In value terms, flywheels and pulleys imports reduced to $125M in 2022. Over the period under review, imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year. As a result, imports attained the peak of $135M, and then fell in the following year.
Import of Flywheels and Pulleys in Hungary (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 75.8 | 60.1 | 67.7 | 55.4 | -9.9% |
Czech Republic | 0.5 | 8.3 | 4.8 | 14.9 | 210.0% |
Italy | 13.0 | 12.1 | 12.3 | 13.2 | 0.5% |
China | 4.4 | 6.0 | 5.5 | 6.1 | 11.5% |
Turkey | 2.8 | 4.1 | 3.3 | 5.9 | 28.2% |
Poland | 6.7 | 7.1 | 15.9 | 5.4 | -6.9% |
South Korea | 3.6 | 3.3 | 3.4 | 3.4 | -1.9% |
Slovakia | 7.4 | 3.3 | 0.8 | 1.1 | -47.0% |
Others | 20.5 | 18.6 | 21.5 | 19.8 | -1.2% |
Total | 135 | 123 | 135 | 125 | -2.5% |
Top Suppliers of Flywheels and Pulleys to Hungary in 2022:
- Germany (5.9K tons)
- Italy (2.0K tons)
- Czech Republic (1.5K tons)
- Turkey (0.8K tons)
- China (0.7K tons)
- Poland (0.6K tons)
- South Korea (0.5K tons)
- Slovakia (0.2K tons)
Flywheels and Pulleys Exports in Hungary
In 2022, approx. 824 tons of flywheels and pulleys were exported from Hungary; with a decrease of -14.7% on 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. As a result, the exports attained the peak of 967 tons, and then dropped in the following year.
In value terms, flywheels and pulleys exports contracted to $11M in 2022. In general, exports recorded a mild shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 7.8%. As a result, the exports reached the peak of $13M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Flywheels and Pulleys in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 4,126 | 3,509 | 3,690 | 3,587 | -4.6% |
Romania | 2,322 | 2,255 | 2,630 | 2,472 | 2.1% |
Serbia | 655 | 782 | 1,008 | 1,015 | 15.7% |
Austria | 299 | 1,332 | 589 | 707 | 33.2% |
Slovakia | 400 | 424 | 568 | 460 | 4.8% |
Bulgaria | 335 | 337 | 368 | 311 | -2.4% |
India | 1.3 | 101 | 293 | 301 | 514.1% |
China | 235 | 853 | 429 | 300 | 8.5% |
Ukraine | 380 | 334 | 363 | 215 | -17.3% |
Slovenia | 228 | 212 | 182 | 187 | -6.4% |
Turkey | 1,398 | 652 | 146 | 114 | -56.6% |
Others | 1,380 | 1,887 | 1,745 | 1,710 | 7.4% |
Total | 11,758 | 12,677 | 12,012 | 11,378 | -1.1% |
Top Export Markets for Flywheels and Pulleys from Hungary in 2022:
- Germany (387.1 tons)
- Romania (88.2 tons)
- Serbia (72.9 tons)
- India (47.8 tons)
- Austria (40.6 tons)
- Slovakia (37.0 tons)
- China (25.8 tons)
- Bulgaria (20.5 tons)
- Slovenia (14.9 tons)
- Ukraine (12.6 tons)
- Turkey (7.5 tons)
This report provides an in-depth analysis of the flywheels and pulleys 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 28152500 - Flywheels and pulleys (including pulley blocks)
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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