Hungary: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Hungary

In 2021, the Hungarian market for drawn glass and blown glass decreased by -4.4% to $X, falling for the third year in a row after five years of growth. Overall, consumption showed a slight descent. Drawn glass and blown glass consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Drawn Glass And Blown Glass in Hungary

In value terms, drawn glass and blown glass production fell modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a significant increase. The growth pace was the most rapid in 2014 with an increase of 730%. Drawn glass and blown glass production peaked at $X in 2020, and then declined modestly in the following year.

Exports of Drawn Glass And Blown Glass

Exports from Hungary

In 2021, the amount of drawn glass and blown glass exported from Hungary surged to X square meters, jumping by 347% on the previous year. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 373% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, drawn glass and blown glass exports soared to $X in 2021. Over the period under review, exports enjoyed a mild increase. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X square meters), Austria (X square meters) and Germany (X square meters) were the main destinations of drawn glass and blown glass exports from Hungary, with a combined 97% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +134.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) emerged as the key foreign market for drawn glass and blown glass exports from Hungary, comprising 58% of total exports. The second position in the ranking was taken by the United States ($X), with a 14% share of total exports. It was followed by Germany, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria amounted to -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+57.3% per year) and Germany (+129.7% per year).

Export Prices by Country

The average export price for drawn glass and blown glass stood at $X per square meter in 2021, rising by 152% against the previous year. Over the period under review, the export price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 179% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Italy ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+90.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Drawn Glass And Blown Glass

Imports into Hungary

In 2021, after three years of decline, there was significant growth in overseas purchases of drawn glass and blown glass, when their volume increased by 204% to X square meters. Overall, imports, however, faced a sharp contraction. Over the period under review, imports reached the peak figure at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, drawn glass and blown glass imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a precipitous shrinkage. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X square meters), Greece (X square meters) and Slovakia (X square meters) were the main suppliers of drawn glass and blown glass imports to Hungary, together comprising 93% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +318.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of drawn glass and blown glass to Hungary, comprising 56% of total imports. The second position in the ranking was taken by Germany ($X), with a 24% share of total imports. It was followed by Slovakia, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan stood at +173.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+28.8% per year) and Slovakia (+7.5% per year).

Import Prices by Country

The average import price for drawn glass and blown glass stood at $X per square meter in 2021, which is down by -55.8% against the previous year. In general, the import price, however, continues to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2020 an increase of 129% against the previous year. As a result, import price attained the peak level of $X per square meter, and then plummeted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for Greece ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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