Hungary: Helicopter Market 2022

Helicopter Market Size in Hungary

For the fourth consecutive year, the Hungarian helicopter market recorded growth in sales value, which increased by X% to $X in 2020. Overall, consumption recorded significant growth. The growth pace was the most rapid in 2017 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level in 2020 and is expected to retain growth in years to come.

Helicopter Production in Hungary

In value terms, helicopter production fell rapidly to $X in 2020 estimated in export prices. Over the period under review, production saw a pronounced slump. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Helicopter production peaked at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

Helicopter Exports

Exports from Hungary

In 2020, overseas shipments of helicopters decreased by -X% to X units for the first time since 2017, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Exports peaked at X units in 2019, and then declined dramatically in the following year.

In value terms, helicopter exports dropped significantly to $X in 2020. Overall, exports, however, saw a deep slump. The pace of growth was the most pronounced in 2014 when exports increased by X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

The Netherlands (X units) and Australia (X units) were the main destinations of helicopter exports from Hungary.

From 2007 to 2019, the biggest increases were in Australia.

In value terms, Australia ($X) emerged as the key foreign market for helicopter exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Australia was relatively modest.

Export Prices by Country

In 2019, the average helicopter export price amounted to $X per unit, shrinking by -X% against the previous year. Overall, the export price continues to indicate a significant contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the maximum at $X per unit in 2010; however, from 2011 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Australia ($X per unit), while the average price for exports to the Netherlands totaled $X per unit.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Australia.

Helicopter Imports

Imports into Hungary

In 2020, imports of helicopters into Hungary shrank remarkably to X units, declining by -X% against 2019 figures. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. As a result, imports reached the peak of X units. from 2009 to 2020, the growth imports failed to regain the momentum.

In value terms, helicopter imports reduced remarkably to $X in 2020. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019, and then dropped notably in the following year.

Imports by Country

In 2019, the United Arab Emirates (X units) constituted the largest supplier of helicopter to Hungary, accounting for a X% share of total imports. Moreover, helicopter imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), sevenfold.

From 2007 to 2019, the average annual growth rate of volume from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+X% per year) and Germany (-X% per year).

In value terms, Germany ($X) constituted the largest supplier of helicopter to Hungary, comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and the Czech Republic (+X% per year).

Import Prices by Country

In 2019, the average helicopter import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2019 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Germany ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany (+X% per year), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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