Pumps; Parts Thereof Price in Hungary - 2023
Contents:
- Pumps; Parts Thereof Price in Hungary (CIF) - 2023
- Pumps; Parts Thereof Price in Hungary (FOB) - 2023
- Pumps; Parts Thereof Imports in Hungary
- Pumps; Parts Thereof Exports in Hungary
Pumps; Parts Thereof Price in Hungary (CIF) - 2023
The average pumps; parts thereof import price stood at $8,576 per ton in June 2023, increasing by 20% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 53% m-o-m. As a result, import price attained the peak level of $8,587 per ton; afterwards, it flattened through to June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Czech Republic ($13,832 per ton), while the price for Italy ($4,310 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Price in Hungary (FOB) - 2023
The average pumps; parts thereof export price stood at $11,912 per ton in June 2023, rising by 10% against the previous month. In general, export price indicated a prominent expansion from June 2022 to June 2023: its price increased at an average monthly rate of +6.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, pumps; parts thereof export price increased by +10.4% against May 2023 indices. The pace of growth was the most pronounced in December 2022 when the average export price increased by 36% m-o-m. As a result, the export price attained the peak level of $14,465 per ton. From January 2023 to June 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Slovakia ($34,443 per ton), while the average price for exports to France ($4,629 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps; Parts Thereof Imports in Hungary
Pumps; parts thereof imports into Hungary rose notably to 38K tons in 2022, surging by 13% against 2021 figures. The total import volume increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, pumps; parts thereof imports expanded markedly to $257M in 2022. The total import value increased at an average annual rate of +9.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Pumps; Parts Thereof in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 32.1 | 38.4 | 54.6 | 58.6 | 22.2% |
| Denmark | 40.8 | 36.3 | 42.6 | 46.1 | 4.2% |
| Italy | 37.9 | 34.4 | 41.4 | 45.0 | 5.9% |
| Poland | 20.4 | 18.3 | 19.6 | 21.4 | 1.6% |
| China | 9.3 | 8.8 | 10.5 | 16.0 | 19.8% |
| Taiwan (Chinese) | 6.3 | 5.3 | 6.2 | 7.6 | 6.5% |
| France | 7.2 | 5.1 | 4.5 | 5.3 | -9.7% |
| Others | 39.3 | 33.8 | 50.3 | 56.8 | 13.1% |
| Total | 193 | 180 | 230 | 257 | 10.0% |
Top Suppliers of Pumps; Parts Thereof to Hungary in 2022:
- Italy (14.3K tons)
- Germany (6.0K tons)
- Denmark (5.7K tons)
- Poland (5.3K tons)
- China (2.9K tons)
- France (0.8K tons)
- Taiwan (Chinese) (0.6K tons)
Pumps; Parts Thereof Exports in Hungary
In 2022, pumps; parts thereof exports from Hungary rose rapidly to 14K tons, increasing by 6.4% compared with the year before. The total export volume increased at an average annual rate of +7.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 42% against the previous year. As a result, the exports reached the peak of 16K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, pumps; parts thereof exports reduced to $136M in 2022. In general, total exports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -28.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 47%. As a result, the exports attained the peak of $190M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Pumps; Parts Thereof in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 21.0 | 64.4 | 69.8 | 51.0 | 34.4% |
| Italy | 16.1 | 22.7 | 15.6 | 12.7 | -7.6% |
| Netherlands | 17.0 | 26.8 | 9.3 | 7.6 | -23.5% |
| Slovakia | 0.4 | 0.3 | 1.4 | 7.3 | 163.3% |
| Sweden | 4.5 | 5.0 | 6.5 | 6.3 | 11.9% |
| Denmark | 7.2 | 13.4 | 3.3 | 6.0 | -5.9% |
| Austria | 3.9 | 3.1 | 3.2 | 5.7 | 13.5% |
| China | 4.9 | 9.2 | 9.7 | 5.1 | 1.3% |
| Poland | 7.7 | 5.3 | 4.6 | 3.3 | -24.6% |
| United Kingdom | 9.3 | 6.3 | 1.7 | 3.3 | -29.2% |
| France | 1.4 | 1.5 | 2.2 | 3.2 | 31.7% |
| Switzerland | 1.6 | 1.8 | 1.8 | 2.1 | 9.5% |
| Others | 34.4 | 30.4 | 25.8 | 22.5 | -13.2% |
| Total | 129 | 190 | 155 | 136 | 1.8% |
Top Export Markets for Pumps; Parts Thereof from Hungary in 2022:
- Germany (5.6K tons)
- Italy (3.5K tons)
- Sweden (1.1K tons)
- France (0.8K tons)
- Denmark (0.7K tons)
- Netherlands (0.4K tons)
- Slovakia (0.4K tons)
- Austria (0.3K tons)
- China (0.3K tons)
- Poland (0.2K tons)
- United Kingdom (0.2K tons)
- Switzerland (0.2K tons)
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