Hungary: Extruded Rod Market 2022

Extruded Rod Market Size in Hungary

The Hungarian extruded rod market stood at $X in 2021, therefore, remained relatively stable against the previous year. Overall, consumption continues to indicate a mild shrinkage. Extruded rod consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Extruded Rod Production in Hungary

In value terms, extruded rod production expanded rapidly to $X in 2021 estimated in export price. Overall, the total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Extruded rod production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Extruded Rod Exports

Exports from Hungary

In 2021, shipments abroad of extruded rods and profile shapes of cellular vulcanised rubber decreased by -X% to X tons, falling for the third year in a row after three years of growth. Overall, exports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, extruded rod exports declined remarkably to $X in 2021. Over the period under review, exports recorded a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Slovakia (X tons), the Czech Republic (X tons) and Serbia (X tons) were the main destinations of extruded rod exports from Hungary, together comprising X% of total exports. Austria, Germany, Slovenia and Bulgaria lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) emerged as the key foreign market for extruded rod exports from Hungary, comprising X% of total exports. The second position in the ranking was held by Serbia ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovakia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (-X% per year) and the Czech Republic (+X% per year).

Export Prices by Country

In 2021, the average extruded rod export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Extruded Rod Imports

Imports into Hungary

In 2021, supplies from abroad of extruded rods and profile shapes of cellular vulcanised rubber decreased by -X% to X tons, falling for the third year in a row after three years of growth. Over the period under review, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, extruded rod imports dropped sharply to $X in 2021. Overall, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Austria (X tons) and China (X tons) were the main suppliers of extruded rod imports to Hungary, together comprising X% of total imports. The Czech Republic, Poland, Slovakia and the Netherlands lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of extruded rod to Hungary, comprising X% of total imports. The second position in the ranking was held by Austria ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and Poland (-X% per year).

Import Prices by Country

The average extruded rod import price stood at $X per ton in 2021, increasing by X% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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