Price for Reciprocating or Rotary Internal Combustion Piston Engines in Hungary - 2024
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Hungary (FOB) - 2024
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Hungary (CIF) - 2022
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Hungary
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Hungary
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Hungary (FOB) - 2024
In January 2024, the average export price for reciprocating or rotary internal combustion piston engineses amounted to $2,565 per unit, shrinking by -8.5% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 7.1% m-o-m. Over the period under review, the average export prices reached the peak figure at $2,803 per unit in December 2023, and then contracted in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was China ($4,830 per unit), while the average price for exports to Armenia ($83.5 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+201.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Hungary (CIF) - 2022
The average import price for reciprocating or rotary internal combustion piston engineses stood at $1,928 per unit in 2022, approximately reflecting the previous year. Overall, the import price saw resilient growth. The pace of growth appeared the most rapid in 2013 an increase of 108%. Over the period under review, average import prices attained the maximum at $2,889 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
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 Germany ($2,938 per unit), while the price for China ($126 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Hungary
For the fourth consecutive year, Hungary recorded growth in shipments abroad of reciprocating or rotary internal combustion piston engineses, which increased by 4.9% to 1.4M units in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 64%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of reciprocating or rotary internal combustion piston engineses shrank to $3B in 2022. In general, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 2% against the previous year. The exports peaked at $3.5B in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,935 | 1,379 | 1,284 | 1,187 | -15.0% |
| Spain | 323 | 545 | 528 | 660 | 26.9% |
| Slovakia | 628 | 632 | 634 | 587 | -2.2% |
| Mexico | 75.0 | 104 | 127 | 134 | 21.3% |
| Czech Republic | 314 | 255 | 227 | 126 | -26.2% |
| Portugal | 50.0 | 57.0 | 106 | 111 | 30.5% |
| France | N/A | 2.1 | 74.8 | 91.1 | 558.6% |
| Others | 222 | 57.3 | 107 | 78.4 | -29.3% |
| Total | 3,547 | 3,031 | 3,090 | 2,975 | -5.7% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Hungary in 2022:
- Germany (513.6K units)
- Spain (431.2K units)
- Slovakia (209.3K units)
- France (75.8K units)
- Portugal (65.9K units)
- Czech Republic (65.5K units)
- Mexico (51.1K units)
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Hungary
In 2022, approx. 363K units of reciprocating or rotary internal combustion piston engineses were imported into Hungary; approximately reflecting 2021 figures. Overall, imports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 2.7%. Over the period under review, imports of attained the peak figure at 385K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of reciprocating or rotary internal combustion piston engineses fell to $701M in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of $702M, leveling off in the following year.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 360 | 361 | 434 | 459 | 8.4% |
| Japan | 166 | 129 | 166 | 115 | -11.5% |
| Poland | 36.4 | 55.7 | 89.3 | 113 | 45.9% |
| Belgium | 1.9 | 1.3 | 1.7 | 1.9 | 0.0% |
| United States | 11.5 | 5.1 | 0.4 | 0.8 | -58.9% |
| China | 10.0 | 6.2 | 0.6 | 0.4 | -65.8% |
| Others | 35.5 | 15.2 | 10.4 | 11.0 | -32.3% |
| Total | 621 | 574 | 702 | 701 | 4.1% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Hungary in 2022:
- Germany (156.2K units)
- Japan (110.4K units)
- Poland (73.3K units)
- Belgium (7.5K units)
- United States (4.6K units)
- China (3.5K units)
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