Hungary - Boards, Consoles, Etc. Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Electrical Board and Console in Hungary - 2023
Contents:
- Price for Electrical Board and Console in Hungary (FOB) - 2023
- Price for Electrical Board and Console in Hungary (CIF) - 2023
- Exports of Electrical Board and Console in Hungary
- Imports of Electrical Board and Console in Hungary
Price for Electrical Board and Console in Hungary (FOB) - 2023
The average electrical board and console export price stood at $196 per unit in August 2023, declining by -42.4% against the previous month. Over the period under review, export price indicated a mild increase from August 2022 to August 2023: its price increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, electrical board and console export price decreased by -42.4% against July 2023 indices. The most prominent rate of growth was recorded in July 2023 an increase of 69% m-o-m. As a result, the export price reached the peak level of $340 per unit, and then fell remarkably in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Latvia ($761 per unit), while the average price for exports to France ($126 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Board and Console in Hungary (CIF) - 2023
In August 2023, the average electrical board and console import price amounted to $277 per unit, with an increase of 2.7% against the previous month. In general, the import price posted a temperate expansion. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 73% m-o-m. The import price peaked at $421 per unit in May 2023; however, from June 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Czech Republic ($2,063 per unit), while the price for Poland ($34.2 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Board and Console in Hungary
In 2022, approx. 407K units of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding 1000 v were exported from Hungary; rising by 33% against 2021. In general, total exports indicated tangible growth from 2019 to 2022: its volume increased at an average annual rate of +2.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, electrical board and console exports soared to $76M in 2022. The total export value increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Electrical Board and Console in Hungary (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 9.7 | 3.2 | 5.4 | 10.1 | 1.4% |
France | 2.9 | 2.9 | 6.4 | 7.5 | 37.3% |
Belgium | 6.2 | 3.0 | 5.5 | 5.3 | -5.1% |
Austria | 1.9 | 1.9 | 2.3 | 4.5 | 33.3% |
Germany | 5.4 | 3.3 | 3.0 | 3.7 | -11.8% |
Switzerland | 5.3 | 2.8 | 3.6 | 3.4 | -13.8% |
Poland | 1.9 | 1.7 | 1.5 | 3.3 | 20.2% |
Czech Republic | 1.5 | 1.9 | 1.3 | 2.3 | 15.3% |
Serbia | 1.4 | 1.6 | 1.2 | 2.2 | 16.3% |
Russia | 2.5 | 4.3 | 3.0 | 1.7 | -12.1% |
Colombia | 1.2 | 0.7 | 1.4 | 1.6 | 10.1% |
Romania | 2.5 | 2.5 | 1.9 | 1.5 | -15.7% |
Israel | 0.2 | N/A | 0.4 | 1.4 | 91.3% |
Others | 23.9 | 23.7 | 28.3 | 27.2 | 4.4% |
Total | 66.3 | 53.6 | 65.3 | 75.8 | 4.6% |
Top Export Markets for Electrical Board and Console from Hungary in 2022:
- Spain (67.3K units)
- France (60.0K units)
- Germany (39.7K units)
- Poland (26.2K units)
- Belgium (25.0K units)
- Austria (17.0K units)
- Switzerland (16.9K units)
- Colombia (13.5K units)
- Serbia (13.2K units)
- Czech Republic (12.8K units)
- Russia (12.3K units)
- Israel (9.2K units)
- Romania (9.1K units)
Imports of Electrical Board and Console in Hungary
In 2022, electrical board and console imports into Hungary expanded rapidly to 164K units, with an increase of 13% against the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 84% against the previous year. As a result, imports reached the peak of 298K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, electrical board and console imports expanded modestly to $32M in 2022. In general, imports, however, continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 54%. As a result, imports attained the peak of $54M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Electrical Board and Console in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 7.7 | 11.6 | 10.4 | 10.4 | 10.5% |
Germany | 8.8 | 9.1 | 6.5 | 5.6 | -14.0% |
Denmark | 3.4 | 3.2 | 3.7 | 4.6 | 10.6% |
China | 0.4 | 2.6 | 1.9 | 3.7 | 109.9% |
Turkey | 4.6 | 2.4 | 1.7 | 3.1 | -12.3% |
Czech Republic | 2.4 | 3.5 | 2.4 | 2.7 | 4.0% |
Italy | 3.8 | 2.0 | 0.3 | 0.4 | -52.8% |
Poland | 1.2 | 0.1 | 0.3 | 0.3 | -37.0% |
Croatia | N/A | 15.9 | N/A | 0.2 | -88.8% |
South Korea | 1.3 | 2.5 | 2.3 | 0.1 | -57.5% |
Others | 1.7 | 1.4 | 2.1 | 0.8 | -22.2% |
Total | 35.3 | 54.4 | 31.4 | 32.0 | -3.2% |
Top Suppliers of Electrical Board and Console to Hungary in 2022:
- France (47.4K units)
- Germany (36.2K units)
- Turkey (25.7K units)
- Denmark (20.1K units)
- Poland (12.0K units)
- China (8.8K units)
- Czech Republic (8.3K units)
- Italy (1.1K units)
- Croatia (0.6K units)
- South Korea (0.6K units)
This report provides an in-depth analysis of the market for electrical board and console 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 27123203 - Numerical control panels, 1 .000 V < voltage . .72,5 kV
- Prodcom 27123205 - Numerical control panels, voltage > .72,5 kV
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
-
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
This report provides an in-depth analysis of the market for electrical board and console in Hungary.
This report provides an in-depth analysis of the global market for electrical board and console.
This report provides an in-depth analysis of the market for electrical board and console in Hungary.
This report provides an in-depth analysis of the global market for electrical board and console.
In 2016, approx. X tons of board and console were imported worldwide- rising by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007...
In 2016, approx. X tons of board and console were imported worldwide- rising by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007...
In 2016, approx. X tons of board and console were imported worldwide- rising by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007...
In 2016, approx. X tons of board and console were imported worldwide- rising by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007...