Hungary: Market for Motor Vehicle Chassis Fitted With Engines 2024

Market Size for Motor Vehicle Chassis Fitted With Engines in Hungary

In 2022, the Hungarian market for motor vehicle chassis fitted with engines decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption, however, showed a modest increase. Consumption of peaked at $X in 2021, and then declined in the following year.

Production of Motor Vehicle Chassis Fitted With Engines in Hungary

In value terms, production of motor vehicle chassis fitted with engines expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production posted slight growth. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports from Hungary

In 2022, exports of motor vehicle chassis fitted with engines from Hungary contracted to X units, reducing by X% on 2021. Overall, exports, however, showed a mild expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports of attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of motor vehicle chassis fitted with engines reduced remarkably to $X in 2022. Over the period under review, exports, however, posted modest growth. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Germany (X units) was the main destination for exports of motor vehicle chassis fitted with engines from Hungary, accounting for a X% share of total exports. Moreover, exports of motor vehicle chassis fitted with engines to Germany exceeded the volume sent to the second major destination, Greece (X units), twofold. Austria (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Austria (X% per year).

In value terms, Germany ($X) emerged as the key foreign market for motor vehicle chassis fitted with engines exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and France (X% per year).

Export Prices by Country

The average export price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Greece ($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 the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports into Hungary

In 2022, the amount of motor vehicle chassis fitted with engines imported into Hungary contracted sharply to X units, reducing by X% compared with the year before. Overall, imports saw a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then shrank notably in the following year.

In value terms, imports of motor vehicle chassis fitted with engines contracted notably to $X in 2022. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then reduced remarkably in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest motor vehicle chassis fitted with engines supplier to Hungary, with a X% share of total imports. Moreover, imports of motor vehicle chassis fitted with engines from Germany exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a X% share.

From 2013 to 2022, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest motor vehicle chassis fitted with engines suppliers to Hungary were Germany ($X), Poland ($X) and Sweden ($X), together accounting for X% of total imports.

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

Import Prices by Country

The average import price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform