Electrical capacitors market in Hungary

Earlier Report Observations

The market for electrical capacitors in Hungary expanded significantly from 299.4 million US dollars in 2018 to 379.7 million in 2019. By 2021, the market size reached 389.8 million, indicating a period of stabilization after the initial surge.

In the following years, the market was shaped by developments in the automotive sector. The rising adoption of electric vehicles in Hungary boosted demand for electronic components, including capacitors, as these vehicles require more such parts. Additionally, the growth of online commerce and e-commerce platforms influenced consumer behavior and sales channels for electronic components.

By 2025, the global battery market experienced oversupply, which put downward pressure on prices and could indirectly affect the capacitor market, especially for components used in electric vehicles. Meanwhile, demand for electric cars in Hungary continued to grow, particularly for compact and mid-range models, sustaining the need for capacitors.

Production electrical capacitors in Hungary

In value, 2018-2021, M $ US

In 2021, Hungary's production of electrical capacitors was valued at 121.5 million US dollars, marking a significant 18.4% decrease compared to the previous year. Over the period from 2018 to 2021, production declined by 7.1%, which translates to an annualized rate of 2.4%.

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

Exports electrical capacitors from Hungary

Exports in kind, K t

After two consecutive years of decline, Hungary's exports of electrical capacitors in physical terms rebounded in 2021. Exports reached 5.3 thousand tonnes, up 18.1% from 2020. However, looking at the broader period from 2018 to 2021, exports fell by 26.3%, averaging an annual decline of 9.7%. The lowest point was in 2020 at 4.5 thousand tonnes, with the steepest drop of 27.6% also occurring that year.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, K t

From 2018 to 2021, Hungary's exports of electrical capacitors in physical terms were widely distributed across many countries. Germany accounted for 31.1% of exports, Finland for 8.8%, and Romania for 6.7%, together making up just 46.6% of total flows. The remaining 53.4% was spread among a diverse range of other destinations.

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

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

Exports in value, M $ US

Following a two-year downturn, Hungary's exports of electrical capacitors in value terms saw growth in 2021. Exports totaled 172.7 million US dollars, a 24.4% increase from 2020. Despite this recent uptick, exports decreased by 13.5% over the 2018-2021 period, with an annualized decline of 4.7%. The lowest value was recorded in 2020 at 138.8 million US dollars, when exports fell by 20.0%, the largest drop in the period.

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

An analysis of Hungary's exports of electrical capacitors in value terms from 2018 to 2021 reveals a broad distribution across numerous markets. Germany held 31.8% of exports, Ukraine 9.1%, and the United States 6.3%, together accounting for only 47.2% of total flows. The remaining 52.8% was shared among many other trading partners.

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

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

Imports electrical capacitors to Hungary

Imports in kind, K t

Hungary's imports of electrical capacitors in physical terms showed notable fluctuations from 2018 to 2021. Imports reached their lowest point in 2021 at 40.3 thousand tonnes, a sharp 27.2% decrease year-on-year. In contrast, the peak was in 2019 at 315.6 thousand tonnes, resulting in a 7.8-fold difference between these years. The largest decline occurred in 2020 at 82.5%, while the biggest increase was in 2019 at 60.8%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, K t

Between 2018 and 2021, Hungary's imports of electrical capacitors in physical terms were highly concentrated. Germany and the Netherlands together dominated, accounting for 87.7% of total imports, with the rest distributed among various other countries.

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

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

Imports in value, M $ US

In 2021, Hungary's imports of electrical capacitors in value terms amounted to 441.0 million US dollars, showing a strong 17.7% increase compared to the previous year. Over the 2018-2021 period, imports grew by 19.8%, averaging an annual rise of 6.2%. The highest value was in 2019 at 446.4 million US dollars, with the largest decline of 16.1% in 2020 and the biggest increase of 21.3% in 2019.

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

From 2018 to 2021, Hungary's imports of electrical capacitors in value terms were led by a core group of markets. Germany accounted for 51.7% of imports, the Netherlands for 15.4%, and China for 7.4%, together representing 74.5% of total flows.

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

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