Hungary: Calcareous Building Stone Market 2024

Calcareous Building Stone Market Size in Hungary

In 2021, after two years of decline, there was significant growth in the Hungarian calcareous building stone market, when its value increased by 21% to $X. Over the period under review, consumption faced a abrupt decline. Calcareous building stone consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Calcareous Building Stone Production in Hungary

In value terms, calcareous building stone production soared to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. Calcareous building stone production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Calcareous Building Stone Exports

Exports from Hungary

In 2019, calcareous building stone exports from Hungary shrank significantly to X tons, reducing by -95% compared with the previous year. Over the period under review, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 71% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2019, the exports remained at a lower figure.

In value terms, calcareous building stone exports plummeted to $X in 2019. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 485%. As a result, the exports attained the peak of $X, and then contracted rapidly in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for calcareous building stone exports from Hungary, accounting for a 79% share of total exports. Moreover, calcareous building stone exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), fourfold.

From 2012 to 2019, the average annual growth rate of volume to the Netherlands totaled +575.3%.

In value terms, the Netherlands ($X) and Germany ($X) were the largest markets for calcareous building stone exported from Hungary worldwide.

Among the main countries of destination, the Netherlands, with a CAGR of +563.9%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2019, the average calcareous building stone export price amounted to $X per ton, picking up by 71% against the previous year. In general, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 242% against the previous year. Over the period under review, the average export prices hit record highs in 2019 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2019, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.8%), while the prices for the other major destinations experienced mixed trend patterns.

Calcareous Building Stone Imports

Imports into Hungary

In 2021, supplies from abroad of calcareous building stone was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2018 when imports increased by 4,799% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, calcareous building stone imports soared to $X in 2021. Over the period under review, imports showed a slight increase. The growth pace was the most rapid in 2018 with an increase of 11,990%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) was the main calcareous building stone supplier to Hungary, accounting for a 97% share of total imports. It was followed by Italy (X tons), with a 2.1% share of total imports. Croatia (X tons) ranked third in terms of total imports with a 1.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium stood at -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+26.0% per year) and Croatia (-49.4% per year).

In value terms, Belgium ($X) constituted the largest supplier of calcareous building stone to Hungary, comprising 96% of total imports. The second position in the ranking was taken by Italy ($X), with a 3.3% share of total imports. It was followed by Croatia, with a 1.1% share.

From 2012 to 2021, the average annual growth rate of value from Belgium amounted to +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+42.4% per year) and Croatia (-38.7% per year).

Import Prices by Country

The average calcareous building stone import price stood at $X per ton in 2021, jumping by 47% against the previous year. In general, the import price continues to indicate significant growth. The most prominent rate of growth was recorded in 2018 an increase of 147% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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 ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+62.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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