Tools for pressing, stamping or punching market in Hungary

Earlier Report Observations

The Hungarian market for pressing, stamping, and punching tools opened at 9 914 t in 2018, supported by rapid industrial development and growing demand for high-quality equipment. A contraction to 6 959 t occurred in 2019. Market volume then rose to 7 408 t in 2020 as the transition to electromobility drove tool development for related industries, although the market value fell to 62.5 million $ due to COVID-19 pandemic disruptions and raw material price volatility. In 2021, volume dropped sharply to 4 620 t, while market value held steady at 62.3 million $.

Consumer preferences shifted toward multi-functional tools, and purchases were increasingly made in large retail outlets offering personalized advice. Established international brands such as Makita and DeWalt maintained a strong presence. By 2022, the focus turned to digitally focused machine tools and hybrid manufacturing technologies, which created new production possibilities, while the push for local sourcing aimed to enhance supply chain continuity.

Production pressing, stamping and punching tools in Hungary

In value, 2018-2021, K $ US

Hungary's production of tools for pressing, stamping, or punching rebounded in 2021 after a two-year decline. Output reached 28 519 thousand US dollars, marking a 10.9% increase from the previous year. However, over the 2018-2021 period, production fell by 11.7%, with an average annual decline of 4.1%. The lowest point occurred in 2020 at 25 722 thousand US dollars, which saw the sharpest drop of 18.6%.

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

In kind, 2018-2021, t

In 2021, Hungary produced 3 114 tonnes of tools for pressing, stamping, or punching, a 48.2% decrease year-over-year. From 2018 to 2021, production declined by 55%, translating to an average annual reduction of 23.4%. The most significant increase was in 2020, with an 11.4% rise.

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

Exports pressing, stamping and punching tools from Hungary

Exports in kind, t

After two years of growth, Hungary's exports of tools for pressing, stamping, or punching declined in 2021. Shipments totaled 616 tonnes, down 46.7% from the previous year. The peak was in 2020 at 1 157 tonnes, while the largest increase occurred in 2019 at 58.8%.

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

From 2018 to 2021, Germany, the United States, and Switzerland remained the top buyers of Hungary's tools for pressing, stamping, or punching by volume. Germany accounted for 57.7% of exports, the United States for 15.4%, and Switzerland for 4.6%, together representing 77.8% of total export volume.

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

The market for Hungary's tools for pressing, stamping, or punching exports showed significant volatility from 2018 to 2021. Exports peaked in 2019 at 30 813 thousand US dollars and hit their lowest point in 2018, with a 2.8-fold difference between these years. In 2021, exports stood at 13 826 thousand US dollars, a sharp 26.6% decrease from the previous year. The largest decline was in 2020 at 38.9%, while the largest increase was in 2019 at 175.4%.

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

Between 2018 and 2021, Germany, Poland, and Italy were the leading markets for Hungary's tools for pressing, stamping, or punching by value, collectively accounting for 76.6% of total export revenue.

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

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

Imports pressing, stamping and punching tools to Hungary

Imports in kind, t

Hungary's imports of tools for pressing, stamping, or punching fell for the third consecutive year in 2021, reaching 2 123 tonnes, a 16.8% drop from the previous year. Over the 2018-2021 period, imports decreased by 41.2%, with an average annual decline of 16.2%.

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

From 2018 to 2021, Germany, South Korea, and China were the primary sources for Hungary's imports of tools for pressing, stamping, or punching by volume. Germany contributed 35.5%, South Korea 17.0%, and China 16.2%, together making up 68.6% of total import volume.

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

Hungary's imports of tools for pressing, stamping, or punching declined for the second straight year in 2021, totaling 47 656 thousand US dollars, a 14.3% decrease year-over-year. Between 2018 and 2021, imports fell by 18.4%, with an average annual reduction of 6.6%. The highest value was in 2019 at 69 175 thousand US dollars, while the largest drop occurred in 2020 at 19.6%. The most significant increase was in 2019 at 18.4%.

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

Over the 2018-2021 period, Germany, China, and South Korea were the key contributors to Hungary's imports of tools for pressing, stamping, or punching by value. Germany accounted for 42.1%, China for 13.2%, and South Korea for 11.5%, jointly representing 66.8% 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