Moulds for metal or carbides market in Hungary

Earlier Report Observations

The market for moulds for metal or carbides in Hungary opened the period at 24 294 thousand US dollars in 2018, buoyed by the widespread adoption of computer-aided design and manufacturing (CAD/CAM) and 3D printing technologies, which enabled more precise and efficient production. This expansion was sharply reversed in 2019 when the market fell to 15 979 thousand US dollars following the Hungarian government's tightening of metal trade and scrap recycling regulations, increasing costs and constraining raw material supply for domestic producers.

Market volume dipped further to 15 147 thousand US dollars in 2020 as the COVID-19 pandemic disrupted global supply chains and affected metal prices. A strong recovery followed, with the market reaching 19 939 thousand US dollars in 2019, propelled by accelerated digitalization and automation within the industry, alongside shifting consumer preferences towards more customized and complex mould designs. Growth moderated in 2022, with the market stabilizing at 20 301 thousand US dollars, supported by increased demand from major Hungarian furniture companies expanding their product portfolios and the continued introduction of innovative manufacturing technologies and materials.

Production moulds for metal or carbides in Hungary

In value, 2018-2021, K $ US

Hungary's production of moulds for metal or carbides has increased for the second consecutive year. In 2021, output reached 18 081 thousand US dollars, marking a 30.5% rise compared to the previous year. The lowest production value was recorded in 2019 at 13 215 thousand US dollars, which also saw the largest decline of 28.1%.

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

Exports moulds for metal or carbides from Hungary

Exports in kind, t

Following a two-year decline, Hungary's exports of moulds for metal or carbides have rebounded. In 2021, export volume stood at 245.4 tonnes, representing a 23.6% increase year-over-year. Over the period from 2018 to 2021, exports decreased by 75.2%, with a compound annual growth rate (CAGR) of 37.2%. The lowest export volume was recorded in 2020 at 198.6 tonnes, which also experienced the largest decline of 66.5%.

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

From 2018 to 2021, Germany, Poland, and Austria were the main markets for Hungary's exports of moulds for metal or carbides in volume terms. Germany accounted for 51.2% of exports, Poland for 25.7%, and Austria for 7.8%. Together, these three countries represented 84.6% of total export flows.

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, K $ US

After a two-year drop, Hungary's exports of moulds for metal or carbides have increased. In 2021, exports were valued at 3 709 thousand US dollars, showing a sharp rise of 31.2% compared to the previous year. The lowest export value was recorded in 2020 at 2 826 thousand US dollars, while the largest decline occurred in 2019 with an 18.2% decrease.

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

Between 2018 and 2021, Germany, Serbia, and Mexico were the largest markets for Hungary's exports of moulds for metal or carbides in value terms. Germany accounted for 57.3% of exports, Serbia for 10.6%, and Mexico for 10.2%. Collectively, these three countries comprised 78.1% of total export flows.

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

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

Imports moulds for metal or carbides to Hungary

Imports in kind, t

Hungary's imports of moulds for metal or carbides have increased for the second consecutive year. In 2021, imports totalled 364.5 tonnes, which is 50.4% higher than the previous year. Over the period from 2018 to 2021, imports decreased by 22.2%, with a compound annual growth rate (CAGR) of 8.0%. The lowest import volume was recorded in 2019 at 201.0 tonnes, which also saw the largest decline of 57.1%.

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

Throughout 2018 to 2021, Turkey, Italy, and Germany were the key partners for Hungary's imports of moulds for metal or carbides in volume terms. Turkey accounted for 22.3% of imports, Italy for 21.8%, and Germany for 13.9%. Together, these three countries represented 58.0% of total import flows.

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, K $ US

After a two-year decline, Hungary's imports of moulds for metal or carbides have increased. In 2021, imports were valued at 5 567 thousand US dollars, reflecting a 35.2% rise year-over-year. Over the period from 2018 to 2021, imports decreased by 42.3%, with a compound annual growth rate (CAGR) of 16.7%. The lowest import value was recorded in 2020 at 4 117 thousand US dollars, while the largest decline occurred in 2019 with a 39.7% decrease.

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

From 2018 to 2021, the geographical structure of Hungary's imports of moulds for metal or carbides in value terms was highly diversified. Turkey accounted for 17.7% of imports, Germany for 15.7%, and France for 15.4%. Together, these three countries represented only 48.8% of total import flows, with the remaining 51.2% distributed among numerous smaller partner countries.

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

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