Hungary: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Hungary

The Hungarian market for flexible tubes, pipes and hoses of plastics, without fittings surged to $X in 2022, growing by 16% against the previous year. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.6% 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 +47.8% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Production of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Hungary

In value terms, production of flexible tubes, pipes and hoses of plastics, without fittings skyrocketed to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a significant expansion. The growth pace was the most rapid in 2018 with an increase of 230% against the previous year. Over the period under review, production of attained the peak level in 2022 and is expected to retain growth in the immediate term.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Exports from Hungary

In 2022, after two years of growth, there was significant decline in overseas shipments of flexible tubes, pipes and hoses of plastics, without fittings, when their volume decreased by -9.7% to X tons. Over the period under review, exports, however, saw a tangible increase. The most prominent rate of growth was recorded in 2016 when exports increased by 46%. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings contracted modestly to $X in 2022. In general, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2016 when exports increased by 33% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

Germany (X tons), Romania (X tons) and Poland (X tons) were the main destinations of exports of flexible tubes, pipes and hoses of plastics, without fittings from Hungary, together comprising 50% of total exports. Serbia, Ukraine, the Czech Republic, Slovakia, North Macedonia, the United States, Tunisia, Belgium, Croatia and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the biggest increases were recorded for Tunisia (with a CAGR of +149.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Ukraine ($X) and Serbia ($X) were the largest markets for flexible tubes, pipes and hoses of plastics, without fittings exported from Hungary worldwide, with a combined 53% share of total exports. Romania, Poland, North Macedonia, the Czech Republic, the United States, Slovakia, Tunisia, Belgium, Croatia and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 41%.

North Macedonia, with a CAGR of +136.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X per ton, picking up by 6.2% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Serbia (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Imports into Hungary

In 2022, supplies from abroad of flexible tubes, pipes and hoses of plastics, without fittings decreased by -11.6% to X tons for the first time since 2011, thus ending a ten-year rising trend. In general, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 15% against the previous year. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings declined modestly to $X in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. As a result, imports reached the peak of $X, and then contracted modestly in the following year.

Imports by Country

France (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of imports of flexible tubes, pipes and hoses of plastics, without fittings to Hungary, with a combined 70% share of total imports. Sweden, Poland, the Czech Republic and Italy lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +41.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the UK ($X) were the largest flexible tubes, pipes and hoses of plastics, without fittings suppliers to Hungary, with a combined 69% share of total imports. The Czech Republic, Poland, Sweden and Italy lagged somewhat behind, together comprising a further 18%.

In terms of the main suppliers, Sweden, with a CAGR of +40.6%, 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

In 2022, the average import price for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X per ton, picking up by 9.3% against the previous year. In general, the import price, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 18% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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