Hungary: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Hungary

In 2022, the Hungarian market for cellular plates, sheets and films of polyymers of styrene increased by 14% to $X, rising for the sixth year in a row after four years of decline. In general, consumption continues to indicate prominent growth. Consumption of peaked in 2022 and is likely to continue growth in the immediate term.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Hungary

In value terms, production of cellular plates, sheets and films of polyymers of styrene reached $X in 2022 estimated in export price. Overall, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +32.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 26% against the previous year. Production of peaked in 2022 and is expected to retain growth in years to come.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Hungary

In 2022, exports of cellular plates, sheets and films of polyymers of styrene from Hungary reduced to X tons, which is down by -13.5% on 2021. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 82% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then declined in the following year.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene stood at $X in 2022. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 72% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Austria (X tons), Slovakia (X tons) and Croatia (X tons) were the main destinations of exports of cellular plates, sheets and films of polyymers of styrene from Hungary, with a combined 74% share 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 Slovakia (with a CAGR of +21.3%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Slovakia ($X) and Croatia ($X) were the largest markets for polystyrene cellular plates, sheets and films exported from Hungary worldwide, together accounting for 73% of total exports.

In terms of the main countries of destination, Slovakia, with a CAGR of +21.9%, 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 cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, picking up by 16% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.4% 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 cellular plates, sheets and films of polyymers of styrene increased by +45.5% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Czech Republic ($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 Italy (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Hungary

In 2022, the amount of cellular plates, sheets and films of polyymers of styrene imported into Hungary rose modestly to X tons, increasing by 4.7% against the previous year. In general, imports saw a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by 63% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene soared to $X in 2022. Over the period under review, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 69%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Serbia (X tons) constituted the largest polystyrene cellular plates, sheets and films supplier to Hungary, with a 37% share of total imports. Moreover, imports of cellular plates, sheets and films of polyymers of styrene from Serbia exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was taken by Austria (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Serbia stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+28.6% per year) and Austria (+62.7% per year).

In value terms, Serbia ($X) constituted the largest supplier of cellular plates, sheets and films of polyymers of styrene to Hungary, comprising 35% of total imports. The second position in the ranking was taken by Poland ($X), with a 16% share of total imports. It was followed by Austria, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Serbia stood at +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+24.0% per year) and Austria (+62.9% per year).

Import Prices by Country

The average import price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, jumping by 15% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 24% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Slovenia ($X per ton), while the price for Italy ($X per ton) and Moldova ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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