From 2013 to 2023, Hungary's market for oil, petrol, and intake air filters for internal combustion engines expanded significantly, reaching 137.54 million Euros in 2023. The market experienced fluctuations with major growth bursts in 2018 and 2019, followed by a stabilization phase with minor variations from 2020 to 2023. The Compound Annual Growth Rate (CAGR) over the last five years stood at 4.82%, indicating a steady upward trajectory.
Future trends to watch:
- Technological advancements in filter efficiency and sustainability.
- The impact of electric vehicle uptake on demand for internal combustion engine components.
- Potential regulatory shifts and environmental standards affecting product specifications.
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,390,100,000 | 2023 | +0.11% | -1.28% | View data |
| 2 | 2 United Kingdom | 323,640,000 | 2023 | +0.99% | +1.56% | View data |
| 3 | 3 France | 270,700,000 | 2023 | -0.95% | +1.5% | View data |
| 4 | 4 Hungary | 137,540,000 | 2023 | +2.62% | +4.82% | |
| 5 | 5 Romania | 88,432,000 | 2023 | +5.29% | -0.23% | View data |
| 6 | 6 Croatia | 29,841,000 | 2023 | +1.79% | +2.39% | View data |
