Market research

Binoculars market in Hungary

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The binoculars market in Hungary, measured in value terms, showed considerable volatility between 2018 and 2024. Starting at $2.3 million in 2018, it grew moderately to $2.5 million the following year before contracting to $2.2 million in 2020.

A strong recovery began in 2021, with market size jumping to $2.7 million, and then surging further to reach a peak of $3.6 million in 2022. This upward trend paused in 2023, as the market stabilized near the previous year's level at $3.6 million.

In 2024, however, the market value dropped sharply to $2.2 million, erasing most of the gains achieved since 2021. Throughout the period, imports constituted the dominant component of market supply, while domestic production remained relatively modest.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Hungary
  1. 5.1.1. In kind, 2018-2024, unit
  2. 5.1.2. In value, 2018-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, unit
  2. 5.2.2. In value, 2018-2024, K $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K unit
    1. 6.1.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, K unit
    2. 6.1.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, K unit
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/unit
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/unit
    2. 6.1.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/unit
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K unit
    1. 6.2.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, K unit
    2. 6.2.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, K unit
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/unit
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/unit
    2. 6.2.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/unit
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K unit
    1. 7.1.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, K unit
    2. 7.1.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, K unit
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/unit
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/unit
    2. 7.1.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/unit
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K unit
    1. 7.2.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, K unit
    2. 7.2.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, K unit
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/unit
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/unit
    2. 7.2.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/unit
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K unit
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K unit
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production binoculars in Hungary

In value, 2018-2021, K $ US

In 2021, Hungary's binoculars production was valued at 565.0 K $ US, marking a significant 53.2% increase compared to the previous year. Looking at the period from 2018 to 2021, production grew by 32.5%, which translates to an average annual growth rate of 9.8%. The lowest value during this timeframe was recorded in 2020 at 368.8 K $ US, when production experienced its largest decline of 23.2%.

Annual dynamics of production in Hungary in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	12.6%	(23.2%)	53.2%	9.8%

Source: SHEV.io

In kind, 2018-2021, unit

Hungary's binoculars production rose for the second year in a row. In 2021, the country produced 3 662 units, representing a sharp 33.2% increase over the prior year. From 2018 to 2021, production expanded by 42.7%, equating to an annualized growth rate of 12.6%. The minimum output was recorded in 2019 at 2 483 units, which also saw the largest decline of 3.3% during the period.

Annual dynamics of production in Hungary in kind, 2018-2021, unit

Parameter		2019	2020	2021	CAGR
1	Change from last year	(3.3%)	10.7%	33.2%	12.6%

Source: SHEV.io

Exports binoculars from Hungary

Exports in kind, K unit

After two years of decline, Hungary's binoculars exports rebounded. In 2021, the country exported 14.6 K units, showing a sharp 58.1% increase compared to 2020. However, over the full period from 2018 to 2021, exports decreased by 15%, with an average annual decline of 5.3%. The lowest export volume was recorded in 2020 at 9.3 K units, which also experienced the largest drop of 44.3%.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, K unit

Parameter		2019	2020	2021	CAGR
1	Change from last year	(3.4%)	(44.3%)	58.1%	(5.3%)

Source: SHEV.io

From 2018 to 2021, Hungary's binoculars export market was quite diverse. France accounted for 20.1% of exports in kind, Slovakia for 13.9%, and Germany for 11.6%. Together, these three countries represented 45.6% of total export flows, indicating a broad partner portfolio.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Hungary in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Following a two-year decrease, Hungary's binoculars export value increased. In 2021, exports totaled 217 K $ US, up 8.7% from 2020. Despite this recent gain, exports declined by 30.6% over the 2018-2021 period, averaging an 11.5% annual decrease. The lowest value was recorded in 2020 at 199 K $ US, which saw the largest decline of 20.1%.

Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(20.0%)	(20.1%)	8.7%	(11.5%)

Source: SHEV.io

Between 2018 and 2021, Slovakia was the leading destination for Hungary's binoculars exports in value terms, accounting for 34.6%. Romania followed with 10.3%, and Ukraine with 9.9%. Together, these three markets made up 54.8% of total export flows.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Hungary in value, 2018-2021

Source: SHEV.io

Imports binoculars to Hungary

Imports in kind, K unit

The import market for binoculars in Hungary showed an unstable trend from 2018 to 2021. Imports reached their lowest point in 2018 and peaked in 2019, with a 1.9-fold difference between these years. In 2021, Hungary imported 167.1 K units, reflecting a solid 10.9% decrease year-over-year. The maximum import volume was recorded in 2019 at 192.0 K units, which also saw the largest increase of 85.7%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, K unit

Parameter		2019	2020	2021	CAGR
1	Change from last year	85.7%	(2.2%)	(10.9%)	17.4%

Source: SHEV.io

From 2018 to 2021, China dominated Hungary's binoculars imports in kind, capturing 77.5% of total flows. The remaining market share was fragmented among other countries.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Hungary in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

Hungary imported 2 368 K $ US worth of binoculars in 2021, reflecting a strong 19.4% increase from 2020. Over the 2018-2021 period, imports grew by 7.2%, with an average annual growth rate of 2.4%. The minimum import value was recorded in 2020 at 1 983 K $ US, which experienced the largest decline of 10.7%.

Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	0.6%	(10.7%)	19.4%	2.4%

Source: SHEV.io

Throughout 2018 to 2021, Germany was the main source for Hungary's binoculars imports in value terms, accounting for 34.6%. China followed with 22.0%, and the United States with 9.1%. Collectively, these three countries represented 65.7% of total import flows.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Hungary in value, 2018-2021

Source: SHEV.io