Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hungary - 2023
Contents:
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hungary (FOB) - 2022
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hungary (CIF) - 2022
- Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hungary
- Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hungary
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hungary (FOB) - 2022
In 2022, the average export price for furnaces and ovens; industrial or laboratory induction or dielectrics amounted to $3,658 per unit, dropping by -49% against the previous year. Overall, the export price recorded a pronounced setback. The most prominent rate of growth was recorded in 2017 an increase of 924%. The export price peaked at $72,917 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Mexico.
From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to -18.5% per year.
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hungary (CIF) - 2022
In 2022, the average import price for furnaces and ovens; industrial or laboratory induction or dielectrics amounted to $2,687 per unit, dropping by -36.6% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of 425%. As a result, import price attained the peak level of $34,333 per unit. From 2015 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($15,681 per unit), while the price for Slovakia ($337 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+27.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hungary
In 2022, exports of furnaces and ovens; industrial or laboratory induction or dielectrics from Hungary surged to 4.6K units, picking up by 785% on the year before. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 973% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of furnaces and ovens; industrial or laboratory induction or dielectrics surged to $17M in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,974%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 0.3 | N/A | 3.7 | 16.6 | 281.1% |
| Others | 0.4 | 0.2 | N/A | N/A | -50.0% |
| Total | 0.7 | 0.2 | 3.7 | 16.7 | 187.9% |
Top Export Markets for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric from Hungary in 2022:
- Mexico (4.5K units)
Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hungary
Imports of furnaces and ovens; industrial or laboratory induction or dielectrics into Hungary skyrocketed to 260 units in 2022, surging by 67% on the previous year. Over the period under review, imports recorded a pronounced expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics rose modestly to $1.5M in 2022. Overall, imports, however, continue to indicate a drastic downturn. Over the period under review, imports of hit record highs at $2.6M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,661 | 64.7 | 361 | 396 | -38.0% |
| United Kingdom | 22.6 | N/A | N/A | 361 | 151.8% |
| Romania | 256 | 1,123 | N/A | 303 | 5.8% |
| Italy | 458 | 353 | 173 | 183 | -26.3% |
| Spain | N/A | N/A | 483 | 36.0 | -92.5% |
| United States | N/A | 18.7 | 3.0 | 34.9 | 36.6% |
| Ukraine | N/A | N/A | N/A | 22.9 | 0% |
| Slovakia | N/A | N/A | 18.7 | 10.1 | -46.0% |
| China | 15.0 | 7.6 | 346 | 3.4 | -39.0% |
| Others | 179 | 13.2 | 47.9 | 116 | -13.5% |
| Total | 2,591 | 1,579 | 1,433 | 1,467 | -17.3% |
Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to Hungary in 2022:
- Germany (111.0 units)
- Romania (38.0 units)
- Italy (32.0 units)
- Slovakia (30.0 units)
- United Kingdom (23.0 units)
- Ukraine (7.0 units)
- United States (6.0 units)
- Spain (2.0 units)
- China (1.0 units)
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