Price for Turbines; Steam and Other Vapour Turbines in Hungary - 2024

Contents:

1. Price for Turbines; Steam and Other Vapour Turbines in Hungary (FOB) - 2024
2. Price for Turbines; Steam and Other Vapour Turbines in Hungary (CIF) - 2022
3. Exports of Turbines; Steam and Other Vapour Turbines in Hungary
4. Imports of Turbines; Steam and Other Vapour Turbines in Hungary

Price for Turbines; Steam and Other Vapour Turbines in Hungary (FOB) - 2024

The average export price for turbines; steam and other vapour turbineses stood at $4.0M per unit in March 2024, waning by -44.8% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2024 an increase of 248% month-to-month. As a result, the export price reached the peak level of $7.3M per unit, and then dropped significantly in the following month.

As there is only one major export destination, the average price level is determined by prices for the United States.

From April 2023 to March 2024, the rate of growth in terms of prices for Poland amounted to +25.3% per month.

Price for Turbines; Steam and Other Vapour Turbines in Hungary (CIF) - 2022

The average import price for turbines; steam and other vapour turbineses stood at $1.3 million per unit in 2022, shrinking by -20.1% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for turbines; steam and other vapour turbineses increased by +11.2% against 2020 indices. The growth pace was the most rapid in 2016 when the average import price increased by 66%. As a result, import price reached the peak level of $1.8 million per unit. From 2017 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 France ($4.7 million per unit), while the price for Slovakia ($44 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+81.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Turbines; Steam and Other Vapour Turbines in Hungary

In 2022, exports of turbines; steam and other vapour turbineses from Hungary soared to 53 units, jumping by 36% compared with the previous year's figure. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 132% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of turbines; steam and other vapour turbineses soared to $74M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Turbines; Steam and Other Vapour Turbines from Hungary in 2022:

1. Germany (29.0 units)
2. France (8.0 units)
3. Poland (2.0 units)
4. United States (2.0 units)
5. Brazil (1.0 units)
6. Bahrain (1.0 units)
7. Romania (1.0 units)
8. Italy (1.0 units)
9. Czech Republic (1.0 units)
10. India (1.0 units)
11. Switzerland (1.0 units)
12. China (1.0 units)
13. Russia (1.0 units)

Imports of Turbines; Steam and Other Vapour Turbines in Hungary

In 2022, the amount of turbines; steam and other vapour turbineses imported into Hungary skyrocketed to 24 units, picking up by 33% compared with the previous year's figure. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 50%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of turbines; steam and other vapour turbineses amounted to $31M in 2022. The total import value increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 13%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Turbines; Steam and Other Vapour Turbines to Hungary in 2022:

1. France (5.0 units)
2. Germany (5.0 units)
3. Italy (1.0 units)
4. Czech Republic (1.0 units)
5. Poland (1.0 units)
6. Finland (1.0 units)
7. Serbia (1.0 units)
8. Austria (1.0 units)
9. China (1.0 units)
10. Slovakia (1.0 units)
11. Belgium (1.0 units)
12. Russia (1.0 units)
13. Bulgaria (1.0 units)

Source: IndexBox Market Intelligence Platform