Single-phase AC motors market in Hungary

Earlier Report Observations

The market for single-phase AC motors in Hungary experienced a pronounced contraction from 2018 to 2024, with volume dropping from 4.2 million units to 665 thousand units. In value terms, the market fell from $50.2 million to $16.9 million over the same period.

A pivotal change came in July 2021 with the implementation of new EU eco-design measures for electric motors and variable speed drives, which raised mandatory energy efficiency standards. This regulation likely constrained the import of non-compliant motors into Hungary, contributing to the market's decline. Concurrently, announced large-scale investments in European semiconductor manufacturing and a broader industrial shift toward energy-efficient motors represented significant market dynamics, though overall consumption continued to fall.

Production single-phase AC motors in Hungary

In value, 2018-2021, K $ US

In Hungary, the output value of single-phase AC motors reached its peak in 2019 at 27 095 K $ US. However, by 2020, this value had declined to 17 614 K $ US, marking a year-on-year decrease of 35.0%. Over the period from 2018 to 2020, production fell by 31%, which translates to an annualized rate of 11.6%. The largest increase was observed in 2019, with a growth of 6.2%.

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

In kind, 2018-2021, K unit

Production of single-phase AC motors in Hungary has increased for the second consecutive year. In 2020, output reached 417.9 K units, showing a gradual rise of 6.1% compared to the previous year. From 2018 to 2020, overall production grew by 9.9%, equivalent to an annualized rate of 3.2%.

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

Exports single-phase AC motors from Hungary

Exports in kind, K unit

Following a two-year decline, Hungary's export volume of single-phase AC motors rebounded in 2021. Exports totaled 594 K units, representing an increase of 12.6% compared to the previous year. The lowest point was recorded in 2020 at 528 K units, with the largest decline occurring in 2019 at 5.4%. Over the 2018-2021 period, exports rose by 4.3%, with a compound annual growth rate of 1.4%.

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

From 2018 to 2021, the leading destinations for Hungary's single-phase AC motor exports in kind were Germany, accounting for 39.4% of exports, the United States at 18.8%, and Italy at 11.5%. Together, these three countries made up 69.7% 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

Hungary's export value of single-phase AC motors reached 19 813 K $ US in 2021, reflecting a significant year-on-year increase of 57.6%. The lowest value was recorded in 2020 at 12 569 K $ US, which also saw the largest decline of 12.6%. Between 2018 and 2021, exports grew by 56.6%, equating to an annualized rate of 16.1%.

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

During 2018-2021, Germany remained the top buyer of single-phase AC motors from Hungary in value terms, with a 40.8% share of exports. Italy followed at 12.5%, and France at 9.7%. Collectively, these three countries accounted for 63.0% of total export value.

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

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

Imports single-phase AC motors to Hungary

Imports in kind, K unit

Hungary's import volume of single-phase AC motors declined for the third consecutive year. In 2021, imports amounted to 1 883 K units, down by 11.7% compared to 2020. Over the 2018-2021 period, imports decreased by 57.2%, with a compound annual growth rate of -24.7%.

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

From 2018 to 2021, Slovenia was the primary source for Hungary's single-phase AC motor imports in kind, representing 35.0% of the total. China contributed 26.6%, and Switzerland 9.9%. Together, these three markets accounted for 71.6% of 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 import value of single-phase AC motors increased in 2021. Imports reached 25 436 K $ US, showing a moderate year-on-year advance of 4.3%. The lowest value was recorded in 2020 at 24 390 K $ US, which also experienced the largest decline of 25.9%. Over the 2018-2021 period, imports fell by 31.9%, with a compound annual growth rate of -12.0%.

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

In the 2018-2021 period, Slovenia led as the main source for Hungary's single-phase AC motor imports in value terms, with a 32.4% share. China accounted for 18.8%, and Poland for 10.3%. Together, these three countries made up 61.5% of total import value.

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

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