Hungary: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in Hungary

The Hungarian primary cell and battery market reduced markedly to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Exports of Primary Cells and Batteries

Exports from Hungary

After four years of growth, overseas shipments of primary cells and batteries decreased by X% to X units in 2022. Over the period under review, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, primary cell and battery exports contracted to $X in 2022. Overall, exports, however, recorded a mild increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X units) was the main destination for primary cell and battery exports from Hungary, with a X% share of total exports. Moreover, primary cell and battery exports to Romania exceeded the volume sent to the second major destination, Poland (X units), threefold. The third position in this ranking was held by Croatia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Croatia (X% per year).

In value terms, Romania ($X), Poland ($X) and Slovenia ($X) constituted the largest markets for primary cell and battery exported from Hungary worldwide, with a combined X% share of total exports. Germany, the Czech Republic, Croatia, Serbia, Slovakia, Bulgaria, Turkey, Italy and Spain lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Italy, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average primary cell and battery export price stood at $X per unit in 2022, remaining constant against the previous year. In general, the export price, however, recorded a deep contraction. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Croatia ($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 Serbia (X%), while the prices for the other major destinations experienced a decline.

Imports of Primary Cells and Batteries

Imports into Hungary

In 2022, approx. X units of primary cells and batteries were imported into Hungary; with a decrease of X% on 2021. Over the period under review, imports, however, showed pronounced growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then fell markedly in the following year.

In value terms, primary cell and battery imports reduced remarkably to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

Poland (X units), China (X units) and Germany (X units) were the main suppliers of primary cell and battery imports to Hungary, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and China ($X) constituted the largest primary cell and battery suppliers to Hungary, together accounting for X% of total imports.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average primary cell and battery import price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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