Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Hungary - 2024
Contents:
- Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Hungary (CIF) - 2022
- Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Hungary (FOB) - 2024
- Imports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Hungary
- Exports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Hungary
Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Hungary (CIF) - 2022
The average import price for turbo-jets, turbo-propellers and other gas turbineses stood at $121 thousand per unit in 2022, increasing by 10% against the previous year. In general, the import price, however, recorded a pronounced downturn. The pace of growth was the most pronounced in 2016 when the average import price increased by 58% against the previous year. As a result, import price reached the peak level of $303 thousand per unit. From 2017 to 2022, the average import prices remained at a somewhat 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 the United States ($488 thousand per unit), while the price for India ($20 thousand per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Hungary (FOB) - 2024
The average export price for turbo-jets, turbo-propellers and other gas turbineses stood at $201K per unit in March 2024, dropping by -9.1% against the previous month. Overall, the export price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in December 2023 an increase of 60% month-to-month. As a result, the export price attained the peak level of $377K per unit. From January 2024 to March 2024, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($2.5M per unit), while the average price for exports to Qatar ($44,673 per unit) was amongst the lowest.
From April 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Hungary
In 2022, supplies from abroad of turbo-jets, turbo-propellers and other gas turbineses decreased by -6.1% to 8.1K units for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 92% against the previous year. Over the period under review, imports of hit record highs at 8.6K units in 2021, and then dropped in the following year.
In value terms, imports of turbo-jets, turbo-propellers and other gas turbineses totaled $976M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 6.9%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 294 | 409 | 406 | 398 | 10.6% |
| Germany | 249 | 147 | 164 | 177 | -10.8% |
| United Kingdom | 59.0 | 61.9 | 99.1 | 106 | 21.6% |
| China | 40.4 | 45.2 | 63.9 | 66.2 | 17.9% |
| Serbia | 0.2 | 51.0 | 52.6 | 65.6 | 589.6% |
| India | 14.4 | 13.0 | 15.5 | 14.7 | 0.7% |
| Czech Republic | 9.8 | 8.8 | 8.1 | 12.1 | 7.3% |
| Others | 194 | 147 | 134 | 137 | -10.9% |
| Total | 861 | 882 | 944 | 976 | 4.3% |
Top Suppliers of Turbo-Jets, Turbo-Propellers and Other Gas Turbines to Hungary in 2022:
- Germany (2.4K units)
- China (1.5K units)
- Serbia (1.3K units)
- United States (0.8K units)
- India (0.7K units)
- Czech Republic (0.6K units)
- United Kingdom (0.3K units)
Exports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Hungary
In 2022, the amount of turbo-jets, turbo-propellers and other gas turbineses exported from Hungary surged to 4K units, picking up by 26% compared with the year before. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 102% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of turbo-jets, turbo-propellers and other gas turbineses surged to $968M in 2022. The total export value increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 233 | 196 | 194 | 203 | -4.5% |
| Netherlands | 165 | 185 | 197 | 199 | 6.4% |
| France | 63.7 | 56.1 | 86.5 | 99.6 | 16.1% |
| United States | 92.0 | 86.5 | 67.1 | 72.4 | -7.7% |
| Poland | 19.6 | 17.4 | 27.2 | 32.3 | 18.1% |
| Serbia | 17.5 | 12.2 | 22.0 | 29.8 | 19.4% |
| Czech Republic | 1.6 | 29.7 | 17.8 | 20.3 | 133.2% |
| Others | 180 | 190 | 221 | 311 | 20.0% |
| Total | 772 | 772 | 832 | 968 | 7.8% |
Top Export Markets for Turbo-Jets, Turbo-Propellers and Other Gas Turbines from Hungary in 2022:
- Netherlands (800.0 units)
- Germany (776.0 units)
- Czech Republic (615.0 units)
- Serbia (313.0 units)
- France (286.0 units)
- Poland (248.0 units)
- United States (193.0 units)
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