Hungary: Market for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) 2024

Market Size for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in Hungary

The Hungarian market for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) shrank dramatically to $X in 2022, with a decrease of -46% against the previous year. In general, consumption, however, recorded moderate growth. Consumption of peaked at $X in 2021, and then contracted rapidly in the following year.

Production of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in Hungary

In value terms, production of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) reduced to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 117% against the previous year. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Exports from Hungary

Exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) from Hungary contracted notably to X tons in 2022, dropping by -69% against 2021 figures. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 124%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) declined remarkably to $X in 2022. Overall, exports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 106%. As a result, the exports reached the peak of $X, and then fell rapidly in the following year.

Exports by Country

Germany (X tons), Austria (X tons) and Italy (X tons) were the main destinations of exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) from Hungary, together comprising 80% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +63.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Italy ($X) appeared to be the largest markets for wooden builders' joinery and carpentry (excl. windows, doors, posts and beams, assembled flooring panels) exported from Hungary worldwide, together accounting for 77% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +64.8%, recorded the highest rates of growth with regard to 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 builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) decreased by -20.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 55% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Italy ($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 China (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Imports into Hungary

For the third year in a row, Hungary recorded decline in supplies from abroad of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels), which decreased by -76.8% to X tons in 2022. Overall, imports recorded a pronounced setback. The pace of growth appeared the most rapid in 2017 when imports increased by 50%. Over the period under review, imports of attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) dropped dramatically to $X in 2022. In general, imports, however, continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 49% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

Belarus (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to Hungary, together comprising 53% of total imports. Russia, Poland, Ukraine, Turkey, Romania, Latvia and Slovakia lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +186.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden builders' joinery and carpentry (excl. windows, doors, posts and beams, assembled flooring panels) suppliers to Hungary were Germany ($X), Belarus ($X) and Poland ($X), together comprising 49% of total imports. Turkey, Russia, Austria, Ukraine, Romania, Latvia and Slovakia lagged somewhat behind, together comprising a further 42%.

In terms of the main suppliers, Turkey, with a CAGR of +168.4%, 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 2022, the average import price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) amounted to $X per ton, picking up by 25% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) increased by +81.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 45% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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