Report Update: May 1, 2024

Hungary - Personal Weighing Machines - Market Analysis, Forecast, Size, Trends And Insights

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Personal Weighing Machine Price in Hungary - 2023

Personal Weighing Machine Price in Hungary (CIF) - 2023

The average personal weighing machine import price stood at $11.9 per unit in August 2023, with a decrease of -22.6% against the previous month. In general, import price indicated pronounced growth from August 2022 to August 2023: its price increased at an average monthly rate of +2.3% 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, personal weighing machine import price decreased by -30.8% against June 2023 indices. The most prominent rate of growth was recorded in June 2023 an increase of 41% month-to-month. As a result, import price attained the peak level of $17.2 per unit. From July 2023 to August 2023, the average 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 France ($25.1 per unit), while the price for Spain ($5.4 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 Germany (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Personal Weighing Machine Price in Hungary (FOB) - 2023

The average personal weighing machine export price stood at $19.7 per unit in August 2023, shrinking by -9.9% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 73% m-o-m. The export price peaked at $53.6 per unit in June 2023; however, from July 2023 to August 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Romania ($40.4 per unit), while the average price for exports to Cyprus ($6.5 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 France (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Personal Weighing Machine Imports in Hungary

In 2022, overseas purchases of personal weighing machines decreased by -36.3% to 1.3M units for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a mild expansion from 2019 to 2022: its volume increased at an average annual rate of +1.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 42% against the previous year. Over the period under review, imports reached the peak figure at 2M units in 2021, and then contracted significantly in the following year.

In value terms, personal weighing machine imports dropped sharply to $5.6M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +5.2% 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 when imports increased by 62% against the previous year. Imports peaked at $8.4M in 2021, and then shrank rapidly in the following year.

Import of Personal Weighing Machine in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2,045	4,074	4,756	2,410	5.6%
Germany	814	1,043	1,061	1,276	16.2%
Hong Kong SAR	26.6	277	316	392	145.2%
Slovakia	452	407	374	383	-5.4%
France	387	947	950	380	-0.6%
Czech Republic	406	454	385	249	-15.0%
Poland	101	95.9	109	234	32.3%
Others	609	540	437	309	-20.2%
Total	4,841	7,837	8,387	5,634	5.2%

Top Suppliers of Personal Weighing Machine to Hungary in 2022:

China (768.9K units)
Germany (263.1K units)
Slovakia (59.5K units)
Poland (35.3K units)
Czech Republic (33.2K units)
Hong Kong SAR (29.7K units)
France (22.6K units)

Personal Weighing Machine Exports in Hungary

After three years of growth, overseas shipments of personal weighing machines decreased by -7.9% to 187K units in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.9% over the last three-year period. 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 63% against the previous year. Over the period under review, the exports reached the peak figure at 203K units in 2021, and then reduced in the following year.

In value terms, personal weighing machine exports contracted markedly to $1.7M in 2022. Overall, exports, however, posted prominent growth. The growth pace was the most rapid in 2020 when exports increased by 57%. The exports peaked at $2.7M in 2021, and then declined sharply in the following year.

Export of Personal Weighing Machine in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	61.2	122	113	286	67.2%
Slovakia	162	331	344	233	12.9%
Czech Republic	200	487	883	202	0.3%
Germany	140	103	269	193	11.3%
Romania	167	217	240	134	-7.1%
France	96.3	95.7	69.1	79.1	-6.3%
Poland	61.6	279	113	67.3	3.0%
United States	63.0	32.7	112	60.0	-1.6%
Ukraine	143	145	88.0	53.1	-28.1%
Serbia	10.6	12.1	29.3	52.3	70.2%
Netherlands	7.2	48.1	97.8	44.8	83.9%
Slovenia	29.1	6.5	15.8	31.9	3.1%
Lithuania	0.2	14.7	1.9	27.0	413.0%
Others	241	282	317	221	-2.8%
Total	1,382	2,176	2,694	1,685	6.8%

Top Export Markets for Personal Weighing Machine from Hungary in 2022:

Italy (71.5K units)
Slovakia (25.2K units)
Romania (14.2K units)
Czech Republic (8.7K units)
Germany (8.5K units)
Poland (7.9K units)
Netherlands (6.4K units)
France (6.1K units)
Serbia (5.0K units)
Slovenia (4.2K units)
Lithuania (4.0K units)
Ukraine (2.8K units)
United States (2.0K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the personal weighing machine market 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 28293200 - Personal weighing machines, including baby scales, h ousehold scales

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023