Hungary: Market for Bottles, Jars And Other Containers Of Glass 2024

Market Size for Bottles, Jars And Other Containers Of Glass in Hungary

The Hungarian market for bottles, jars and other containers of glass contracted sharply to $X in 2021, with a decrease of -66.4% against the previous year. Over the period under review, consumption saw a abrupt setback. As a result, consumption reached the peak level of $X, and then reduced markedly in the following year.

Production of Bottles, Jars And Other Containers Of Glass in Hungary

In value terms, glass bottle, jar and container production fell dramatically to $X in 2021 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +53.0% against 2018 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 91% against the previous year. As a result, production attained the peak level of $X, and then shrank dramatically in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Hungary

In 2021, the amount of bottles, jars and other containers of glass exported from Hungary skyrocketed to X units, rising by 69% compared with the previous year's figure. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 136% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, glass bottle, jar and container exports soared to $X in 2021. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +44.6% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X units), Italy (X units) and Germany (X units) were the main destinations of glass bottle, jar and container exports from Hungary, together accounting for 66% of total exports. These countries were followed by France, Spain, the UK, Greece, Denmark, Poland, Slovenia and Romania, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +148.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass bottle, jar and container exported from Hungary were Belgium ($X), Italy ($X) and Germany ($X), with a combined 57% share of total exports. France, the UK, Spain, Greece, Romania, Denmark, Poland and Slovenia lagged somewhat behind, together accounting for a further 23%.

Among the main countries of destination, Spain, with a CAGR of +72.6%, 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 export price for bottles, jars and other containers of glass stood at $X per unit in 2021, declining by -28.1% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the average export price increased by 8.1% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (-4.6%), while the prices for the other major destinations experienced a decline.

Imports of Bottles, Jars And Other Containers Of Glass

Imports into Hungary

In 2021, the amount of bottles, jars and other containers of glass imported into Hungary skyrocketed to X units, jumping by 65% compared with 2020. In general, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, glass bottle, jar and container imports rose notably to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.5% against 2012 indices. The pace of growth was the most pronounced in 2018 when imports increased by 21%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X units), Ukraine (X units) and Austria (X units) were the main suppliers of glass bottle, jar and container imports to Hungary, with a combined 57% share of total imports. Slovakia, Poland, the Czech Republic, Serbia, Italy and Romania lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +142.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Ukraine ($X) appeared to be the largest glass bottle, jar and container suppliers to Hungary, with a combined 50% share of total imports. These countries were followed by Slovakia, the Czech Republic, Poland, Italy, Serbia and Romania, which together accounted for a further 37%.

In terms of the main suppliers, Serbia, with a CAGR of +119.7%, recorded the highest growth rate of 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

In 2021, the average import price for bottles, jars and other containers of glass amounted to $X per unit, which is down by -32.4% against the previous year. Overall, the import price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2017 an increase of 8.4% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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