Report Update Nov 1, 2024

Hungary - Articles of Bitumen in Rolls - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Hungary

In 2021, the Hungarian rolled bitumen articles market increased by 17% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in the near future.

Rolled Bitumen Articles Production in Hungary

In value terms, rolled bitumen articles production stood at $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2017 with an increase of 14%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Rolled Bitumen Articles Exports

Exports from Hungary

Rolled bitumen articles exports from Hungary declined notably to X square meters in 2021, with a decrease of -21.1% against the year before. Over the period under review, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2015 when exports increased by 83%. As a result, the exports attained the peak of X square meters. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, rolled bitumen articles exports declined notably to $X in 2021. In general, exports showed a deep setback. The growth pace was the most rapid in 2017 with an increase of 22%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Rolled Bitumen Articles Imports

Imports into Hungary

In 2021, after two years of decline, there was significant growth in overseas purchases of articles of bitumen in rolls, when their volume increased by 6.2% to X square meters. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 38%. Over the period under review, imports hit record highs at X square meters in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, rolled bitumen articles imports surged to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 22%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Italy (X square meters), Austria (X square meters) and Belarus (X square meters) were the main suppliers of rolled bitumen articles imports to Hungary, with a combined 72% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +80.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Austria ($X) and Germany ($X) were the largest rolled bitumen articles suppliers to Hungary, together accounting for 80% of total imports. These countries were followed by Belarus, Russia, the Czech Republic, Poland and Slovakia, which together accounted for a further 16%.

Among the main suppliers, Belarus, with a CAGR of +66.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rolled bitumen articles import price stood at $X per square meter in 2021, picking up by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 18% against the previous year. Over the period under review, average import prices attained the peak figure at $X per square meter in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovakia ($X per square meter), while the price for the Czech Republic ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for articles of bitumen in rolls in the world?

The countries with the highest volumes of rolled bitumen articles consumption in 2021 were China, the United States and Japan, with a combined 58% share of global consumption. Russia, Mexico, South Korea, Saudi Arabia, Iran, Germany, Egypt, Turkey, Canada and France lagged somewhat behind, together accounting for a further 24%.

What are the largest producers of articles of bitumen in rolls in the world?

The countries with the highest volumes of rolled bitumen articles production in 2021 were China, the United States and Russia, with a combined 58% share of global production. Japan, Mexico, Saudi Arabia, Germany, Canada, South Korea, Iran, Italy, France and Turkey lagged somewhat behind, together comprising a further 27%.

What are the leading suppliers of articles of bitumen in rolls to Hungary?

In value terms, Italy, Austria and Germany appeared to be the largest rolled bitumen articles suppliers to Hungary, together comprising 79% of total imports. These countries were followed by Belarus, Russia, the Czech Republic and Poland, which together accounted for a further 16%.

What are the leading importers of articles of bitumen in rolls from Hungary?

In value terms, Slovakia remains the key foreign market for rolled bitumen articles exports from Hungary, comprising 67% of total exports. The second position in the ranking was occupied by Romania, with a 14% share of total exports. It was followed by Poland, with a 9.3% share.

What is the average export price for articles of bitumen in rolls in Hungary?

In 2021, the average rolled bitumen articles export price amounted to $1.6 per square meter, increasing by 3.7% against the previous year.

What is the average import price for articles of bitumen in rolls in Hungary?

The average rolled bitumen articles import price stood at $2.3 per square meter in 2021, increasing by 13% against the previous year.

This report provides an in-depth analysis of the rolled bitumen articles market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23991255 - Articles of asphalt or of similar materials, e.g. petroleum bitumen or coal tar pitch, in rolls

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023