Price for Shavers; with Self-Contained Electric Motor in Hungary - 2023

Contents:

1. Price for Shavers; with Self-Contained Electric Motor in Hungary (FOB) - 2023
2. Price for Shavers; with Self-Contained Electric Motor in Hungary (CIF) - 2023
3. Exports of Shavers; with Self-Contained Electric Motor in Hungary
4. Imports of Shavers; with Self-Contained Electric Motor in Hungary

Price for Shavers; with Self-Contained Electric Motor in Hungary (FOB) - 2023

The average export price for shavers; with self-contained electric motors stood at $68.4 per unit in July 2023, rising by 9.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in November 2022 when the average export price increased by 18% m-o-m. The export price peaked at $76.2 per unit in December 2022; however, from January 2023 to July 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Germany ($72.1 per unit), while the average price for exports to Lithuania ($37.0 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 Slovakia (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Shavers; with Self-Contained Electric Motor in Hungary (CIF) - 2023

The average import price for shavers; with self-contained electric motors stood at $44.6 per unit in July 2023, surging by 18% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $48.4 per unit in November 2022; however, from December 2022 to July 2023, 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 Indonesia ($55.8 per unit), while the price for China ($12.2 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 the Netherlands (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Shavers; with Self-Contained Electric Motor in Hungary

In 2022, approx. 7.5M units of shavers; with self-contained electric motors were exported from Hungary; remaining constant against 2021. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.5% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 47%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, shavers; with self-contained electric motor exports declined to $175M in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 11% against the previous year. As a result, the exports attained the peak of $181M, and then shrank modestly in the following year.

Top Export Markets for Shavers; with Self-Contained Electric Motor from Hungary in 2022:

1. Germany (3549.1K units)
2. Poland (567.1K units)
3. Czech Republic (212.0K units)
4. Romania (197.0K units)
5. Slovakia (187.4K units)
6. United Kingdom (139.2K units)
7. Lithuania (82.1K units)

Imports of Shavers; with Self-Contained Electric Motor in Hungary

Shavers; with self-contained electric motor imports into Hungary surged to 9.7M units in 2022, increasing by 24% compared with the previous year's figure. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.7% 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 +89.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 70%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, shavers; with self-contained electric motor imports dropped to $130M in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. As a result, imports attained the peak of $140M, and then reduced in the following year.

Top Suppliers of Shavers; with Self-Contained Electric Motor to Hungary in 2022:

1. Germany (5.5M units)
2. Indonesia (1.0M units)
3. Poland (0.6M units)
4. China (0.3M units)

Source: IndexBox Market Intelligence Platform