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Hungary - Electric Shavers, Hair-Removing Appliances and Hair Clippers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHungary: Market for Electric Shavers, Hair-Removing Appliances And Hair Clippers 2024
Market Size for Electric Shavers, Hair-Removing Appliances And Hair Clippers in Hungary
The Hungarian market for electric shavers, hair-removing appliances and hair clippers shrank markedly to $X in 2022, declining by -29.7% against the previous year. Overall, consumption, however, recorded a buoyant expansion. Over the period under review, the market hit record highs at $X in 2021, and then declined significantly in the following year.
Production of Electric Shavers, Hair-Removing Appliances And Hair Clippers in Hungary
In value terms, production of electric shavers, hair-removing appliances and hair clippers fell markedly to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 62%. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.
Exports of Electric Shavers, Hair-Removing Appliances And Hair Clippers
Exports from Hungary
In 2022, overseas shipments of electric shavers, hair-removing appliances and hair clippers decreased by -21.6% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 95%. The exports peaked at X units in 2021, and then dropped notably in the following year.
In value terms, exports of electric shavers, hair-removing appliances and hair clippers reduced to $X in 2022. Over the period under review, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 127%. The exports peaked at $X in 2021, and then shrank in the following year.
Exports by Country
Germany (X units) was the main destination for exports of electric shavers, hair-removing appliances and hair clippers from Hungary, with a 58% share of total exports. Moreover, exports of electric shavers, hair-removing appliances and hair clippers to Germany exceeded the volume sent to the second major destination, Poland (X units), sevenfold. The third position in this ranking was taken by the United States (X units), with a 5.2% share.
From 2012 to 2022, the average annual growth rate of volume to Germany totaled +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+6.2% per year) and the United States (+22.2% per year).
In value terms, Germany ($X) remains the key foreign market for electric shavers, hair-removing appliances and hair clippers exports from Hungary, comprising 63% of total exports. The second position in the ranking was taken by Poland ($X), with a 6.8% share of total exports. It was followed by the UK, with a 4.4% share.
From 2012 to 2022, the average annual growth rate of value to Germany amounted to +25.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+7.9% per year) and the UK (+7.6% per year).
Export Prices by Country
The average export price for electric shavers, hair-removing appliances and hair clippers stood at $X per unit in 2022, surging by 9.4% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 32% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Vietnam ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Shavers, Hair-Removing Appliances And Hair Clippers
Imports into Hungary
After ten years of growth, supplies from abroad of electric shavers, hair-removing appliances and hair clippers decreased by -15.3% to X units in 2022. In general, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by 97% against the previous year. Over the period under review, imports of attained the maximum at X units in 2021, and then dropped significantly in the following year.
In value terms, imports of electric shavers, hair-removing appliances and hair clippers contracted to $X in 2022. Overall, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 131% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.
Imports by Country
In 2022, Germany (X units) constituted the largest electric shavers, hair-removing appliances and hair clippers supplier to Hungary, with a 60% share of total imports. Moreover, imports of electric shavers, hair-removing appliances and hair clippers from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Poland (X units) ranked third in terms of total imports with an 11% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +53.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.2% per year) and Poland (+68.7% per year).
In value terms, Germany ($X) constituted the largest supplier of electric shavers, hair-removing appliances and hair clippers to Hungary, comprising 71% of total imports. The second position in the ranking was held by Poland ($X), with a 14% share of total imports. It was followed by China, with a 5.3% share.
From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +56.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+76.5% per year) and China (+1.3% per year).
Import Prices by Country
In 2022, the average import price for electric shavers, hair-removing appliances and hair clippers amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, showed a mild downturn. The pace of growth was the most pronounced in 2017 an increase of 17%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for electric shavers, hair-removing appliances and hair clippers in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27512200 - Shavers, hair-removing appliances and hair clippers, with selfcontained electric motor
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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