Hungary: Abrasives Market 2025

Abrasives Market Size in Hungary

The Hungarian abrasives market contracted to $X in 2021, which is down by -7.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate buoyant growth. Abrasives consumption peaked at $X in 2020, and then reduced in the following year.

Abrasives Exports

Exports from Hungary

In 2021, shipments abroad of abrasives (natural) increased by 68% to X tons, rising for the fifth year in a row after two years of decline. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 26,026% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, abrasives exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 671%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Romania (X tons), Serbia (X tons) and Moldova (X tons) were the main destinations of abrasives exports from Hungary, together accounting for 93% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +300.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Romania ($X) and Serbia ($X) were the largest markets for abrasives exported from Hungary worldwide, together comprising 88% of total exports.

Among the main countries of destination, Romania, with a CAGR of +163.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average abrasives export price stood at $X per ton in 2021, growing by 13% against the previous year. Over the period under review, the export price, however, saw a significant decrease. The pace of growth was the most pronounced in 2015 when the average export price increased by 95%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+1.4%), while the prices for the other major destinations experienced a decline.

Abrasives Imports

Imports into Hungary

After three years of growth, purchases abroad of abrasives (natural) decreased by -16% to X tons in 2021. Over the period under review, imports, however, showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 298%. Over the period under review, imports reached the peak figure at X tons in 2020, and then declined remarkably in the following year.

In value terms, abrasives imports skyrocketed to $X in 2021. In general, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 124% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X tons), Turkey (X tons) and China (X tons) were the main suppliers of abrasives imports to Hungary, with a combined 81% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +110.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Italy ($X) and China ($X) were the largest abrasives suppliers to Hungary, with a combined 69% share of total imports.

The Netherlands, with a CAGR of +120.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average abrasives import price stood at $X per ton in 2021, surging by 69% against the previous year. Overall, the import price saw modest growth. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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