Hungary: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Hungary

In 2022, the Hungarian articles of fiber cement market increased by 4.3% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption, however, showed a abrupt slump. Articles of fiber cement consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Hungary

In value terms, articles of fiber cement production reached $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 12%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Hungary

In 2022, after six years of growth, there was significant decline in overseas shipments of articles of asbestos-cement, cellulose fiber-cement or the like, when their volume decreased by -22.7% to X tons. Overall, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 6,291% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then contracted notably in the following year.

In value terms, articles of fiber cement exports declined rapidly to $X in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 10,368%. The exports peaked at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

Denmark (X tons), Norway (X tons) and Sweden (X tons) were the main destinations of articles of fiber cement exports from Hungary, with a combined 53% share of total exports. Finland, Poland, the United States, the Czech Republic, Belgium, the Netherlands, Estonia, the UK, Germany and Romania lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +264.7%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Sweden ($X) and Norway ($X) appeared to be the largest markets for articles of fiber cement exported from Hungary worldwide, together comprising 54% of total exports.

Norway, with a CAGR of +212.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average articles of fiber cement export price stood at $X per ton in 2022, declining by -9.8% against the previous year. Over the period under review, the export price saw a mild shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price increased by 64% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Hungary

In 2022, the amount of articles of asbestos-cement, cellulose fiber-cement or the like imported into Hungary reduced dramatically to X tons, which is down by -26.2% on the year before. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 89% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell dramatically in the following year.

In value terms, articles of fiber cement imports reduced rapidly to $X in 2022. Overall, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2016 when imports increased by 160% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted dramatically in the following year.

Imports by Country

Finland (X tons), Austria (X tons) and Italy (X tons) were the main suppliers of articles of fiber cement imports to Hungary, together comprising 75% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +74.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to Hungary, comprising 38% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by Finland, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Austria stood at +67.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+30.8% per year) and Finland (+55.7% per year).

Import Prices by Country

In 2022, the average articles of fiber cement import price amounted to $X per ton, falling by -2.7% against the previous year. Overall, the import price, however, continues to indicate strong growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 37% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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