Hungary: Ignition Magneto Market 2024

Ignition Magneto Market Size in Hungary

The Hungarian ignition magneto market rose significantly to $X in 2022, surging by X% against the previous year. In general, consumption, however, recorded a mild contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Ignition Magneto Production in Hungary

In value terms, ignition magneto production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild shrinkage. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Ignition Magneto Exports

Exports from Hungary

Ignition magneto exports from Hungary reduced remarkably to X units in 2022, with a decrease of X% compared with the previous year. Over the period under review, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, ignition magneto exports contracted markedly to $X in 2022. Overall, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X units) was the main destination for ignition magneto exports from Hungary, with a X% share of total exports. Moreover, ignition magneto exports to Italy exceeded the volume sent to the second major destination, the Czech Republic (X units), threefold. The third position in this ranking was held by the Netherlands (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and the Netherlands (X% per year).

In value terms, the largest markets for ignition magneto exported from Hungary were Italy ($X), Poland ($X) and the Czech Republic ($X), together comprising X% of total exports. Austria, Romania, Turkey and the Netherlands lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average ignition magneto export price amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the 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 Poland ($X per unit), while the average price for exports to the Netherlands ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ignition Magneto Imports

Imports into Hungary

Ignition magneto imports into Hungary dropped markedly to X units in 2022, with a decrease of X% against 2021 figures. Over the period under review, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, ignition magneto imports contracted notably to $X in 2022. In general, imports showed a mild setback. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of ignition magneto to Hungary, accounting for a X% share of total imports. Moreover, ignition magneto imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was held by Denmark (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Denmark (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of ignition magnetos, magneto-dynamos and magnetic flywheels to Hungary, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Denmark (X% per year).

Import Prices by Country

The average ignition magneto import price stood at $X per unit in 2022, falling by X% against the previous year. In general, the import price, however, posted a mild increase. The growth pace was the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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