Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Hungary - 2023

Contents:

1. Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Hungary (CIF) - 2023
2. Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Hungary (FOB) - 2023
3. Imports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Hungary
4. Exports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Hungary

Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Hungary (CIF) - 2023

The average import price for machine-tools; parts and accessories, tool holders and self-opening dieheadses stood at $46,157 per ton in November 2023, growing by 4.1% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 45% month-to-month. The import price peaked at $51,780 per ton in January 2023; however, from February 2023 to November 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was India ($81,938 per ton), while the price for China ($9,010 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Hungary (FOB) - 2023

The average export price for machine-tools; parts and accessories, tool holders and self-opening dieheadses stood at $42,558 per ton in November 2023, with a decrease of -13.7% against the previous month. Over the period under review, the export price continues to indicate a slight contraction. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 29% m-o-m. Over the period under review, the average export prices hit record highs at $52,349 per ton in December 2022; however, from January 2023 to November 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Ukraine ($213K per ton), while the average price for exports to Liechtenstein ($23,917 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Liechtenstein (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Hungary

In 2022, the amount of machine-tools; parts and accessories, tool holders and self-opening dieheadses imported into Hungary surged to 710 tons, picking up by 23% on the previous year. The total import volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of machine-tools; parts and accessories, tool holders and self-opening dieheadses reached $25M in 2022. The total import value increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads to Hungary in 2022:

1. Germany (307.7 tons)
2. China (235.4 tons)
3. Taiwan (Chinese) (40.9 tons)
4. Austria (37.5 tons)
5. Italy (21.9 tons)
6. Belgium (10.6 tons)
7. Netherlands (10.2 tons)

Exports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Hungary

In 2022, exports of machine-tools; parts and accessories, tool holders and self-opening dieheadses from Hungary reduced markedly to 250 tons, waning by -15.9% against 2021 figures. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 0.3% against the previous year.

In value terms, exports of machine-tools; parts and accessories, tool holders and self-opening dieheadses reduced remarkably to $9.5M in 2022. Overall, exports recorded a deep setback. The growth pace was the most rapid in 2021 when exports increased by 38%.

Top Export Markets for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads from Hungary in 2022:

1. Germany (113.2 tons)
2. Italy (82.3 tons)
3. China (11.8 tons)
4. Austria (9.7 tons)
5. Romania (5.1 tons)
6. Sweden (4.7 tons)

Source: IndexBox Market Intelligence Platform