Hungary - Vehicles Not Mechanically Propelled - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Propelled Vehicle Price in Hungary - 2023
Contents:
- Non-Propelled Vehicle Price in Hungary (CIF) - 2023
- Non-Propelled Vehicle Price in Hungary (FOB) - 2023
- Non-Propelled Vehicle Imports in Hungary
- Non-Propelled Vehicle Exports in Hungary
Non-Propelled Vehicle Price in Hungary (CIF) - 2023
In July 2023, the average non-propelled vehicle import price amounted to $69.8 per unit, with a decrease of -8.8% against the previous month. In general, the import price, however, continues to indicate mild growth. The growth pace was the most rapid in November 2022 when the average import price increased by 423% m-o-m. As a result, import price reached the peak level of $236 per unit. From December 2022 to July 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Poland ($126 per unit), while the price for Slovakia ($39.9 per unit) was amongst the lowest.
From July 2022 to July 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.
Non-Propelled Vehicle Price in Hungary (FOB) - 2023
The average non-propelled vehicle export price stood at $124 per unit in July 2023, with an increase of 39% against the previous month. Overall, the export price saw a prominent expansion. The growth pace was the most rapid in September 2022 an increase of 109% month-to-month. The export price peaked in July 2023.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Germany ($152 per unit), while the average price for exports to Iraq ($19.1 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Propelled Vehicle Imports in Hungary
For the fourth year in a row, Hungary recorded growth in purchases abroad of vehicles not mechanically propelled, which increased by 19% to 247K units in 2022. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-propelled vehicle imports soared to $15M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Non-Propelled Vehicle in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 3.1 | 4.0 | 6.2 | 6.1 | 25.3% |
France | 0.4 | 0.3 | 0.1 | 2.9 | 93.5% |
China | 1.3 | 1.5 | 1.6 | 2.2 | 19.2% |
Slovakia | 0.8 | 0.7 | 0.8 | 0.6 | -9.1% |
Czech Republic | 0.6 | 0.2 | 0.3 | 0.5 | -5.9% |
Turkey | 0.3 | 0.1 | 0.2 | 0.3 | 0.0% |
Austria | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
Croatia | 0.2 | 0.1 | 0.3 | N/A | 22.5% |
Others | 1.5 | 2.7 | 2.1 | 1.8 | 6.3% |
Total | 8.4 | 9.9 | 11.9 | 14.6 | 20.2% |
Top Suppliers of Non-Propelled Vehicle to Hungary in 2022:
- Germany (104.0K units)
- China (60.4K units)
- France (27.5K units)
- Slovakia (18.0K units)
- Czech Republic (8.0K units)
- Austria (6.4K units)
- Turkey (3.8K units)
- Croatia (0.9K units)
Non-Propelled Vehicle Exports in Hungary
After three years of growth, overseas shipments of vehicles not mechanically propelled decreased by -48.7% to 33K units in 2022. Over the period under review, exports, however, saw a measured increase. The pace of growth was the most pronounced in 2021 with an increase of 82%. As a result, the exports reached the peak of 65K units, and then contracted remarkably in the following year.
In value terms, non-propelled vehicle exports fell sharply to $2.1M in 2022. Overall, exports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2021 when exports increased by 128% against the previous year. As a result, the exports attained the peak of $3.8M, and then fell significantly in the following year.
Export of Non-Propelled Vehicle in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 599 | 471 | 812 | 621 | 1.2% |
Slovakia | 153 | 89.0 | 332 | 323 | 28.3% |
United States | 18.0 | 21.7 | 604 | 291 | 152.9% |
Romania | 319 | 340 | 999 | 213 | -12.6% |
Czech Republic | 95.4 | 78.5 | 153 | 95.9 | 0.2% |
Ukraine | 24.1 | 53.3 | 48.3 | 79.5 | 48.9% |
Poland | 16.7 | 64.5 | 154 | 72.5 | 63.1% |
Spain | N/A | 64.8 | 79.9 | 68.6 | 2.9% |
Serbia | 44.0 | 84.2 | 24.4 | 65.4 | 14.1% |
Thailand | 605 | 88.2 | N/A | N/A | -85.4% |
Others | 478 | 296 | 566 | 252 | -19.2% |
Total | 2,351 | 1,651 | 3,772 | 2,080 | -4.0% |
Top Export Markets for Non-Propelled Vehicle from Hungary in 2022:
- United States (6.0K units)
- Germany (5.7K units)
- Romania (4.7K units)
- Slovakia (3.7K units)
- Ukraine (3.3K units)
- Serbia (1.9K units)
- Poland (1.5K units)
- Czech Republic (1.4K units)
- Spain (1.4K units)
This report provides an in-depth analysis of the non-propelled vehicle 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 30991000 - Vehicles not mechanically propelled including industry trolleys, barrows, luggage trucks, hopper-trucks, hand pulled golf trolleys excluding shopping trolleys
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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