Hungary: Common Pottery Market 2024

Common Pottery Market Size in Hungary

The Hungarian common pottery market shrank to $X in 2022, with a decrease of -9.9% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +71.7% against 2015 indices. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Common Pottery Production in Hungary

In value terms, common pottery production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 414% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Common Pottery Exports

Exports from Hungary

In 2022, shipments abroad of common pottery increased by 33% to X tons, rising for the seventh year in a row after two years of decline. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 98% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, common pottery exports surged to $X in 2022. Overall, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 92%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Romania (X tons) was the main destination for common pottery exports from Hungary, accounting for a 34% share of total exports. Moreover, common pottery exports to Romania exceeded the volume sent to the second major destination, Croatia (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with a 9% share.

From 2012 to 2022, the average annual growth rate of volume to Romania stood at +28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+40.1% per year) and Italy (+53.6% per year).

In value terms, Romania ($X) remains the key foreign market for common pottery exports from Hungary, comprising 27% of total exports. The second position in the ranking was taken by Italy ($X), with an 11% share of total exports. It was followed by Croatia, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to Romania stood at +22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+49.6% per year) and Croatia (+36.7% per year).

Export Prices by Country

The average common pottery export price stood at $X per ton in 2022, surging by 19% against the previous year. Overall, the export price, however, showed a perceptible reduction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Romania ($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 the Czech Republic (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Common Pottery Imports

Imports into Hungary

For the seventh consecutive year, Hungary recorded growth in overseas purchases of common pottery, which increased by 3.3% to X tons in 2022. In general, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 52%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, common pottery imports reached $X in 2022. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 58%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Poland (X tons), China (X tons) and Slovakia (X tons) were the main suppliers of common pottery imports to Hungary, with a combined 74% share of total imports. Germany, Italy, Hong Kong SAR, the Netherlands and Romania lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +39.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest common pottery suppliers to Hungary were Poland ($X), China ($X) and Germany ($X), with a combined 66% share of total imports. Slovakia, Italy, the Netherlands, Hong Kong SAR and Romania lagged somewhat behind, together accounting for a further 25%.

Among the main suppliers, Hong Kong SAR, with a CAGR of +39.4%, 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

The average common pottery import price stood at $X per ton in 2022, leveling off at the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 24% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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