Hungary: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Hungary

The Hungarian market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground reached $X in 2022, remaining stable against the previous year. Overall, consumption saw a noticeable increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Hungary

In value terms, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground shrank to $X in 2022 estimated in export price. In general, production saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 34%. Over the period under review, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Hungary

For the sixth consecutive year, Hungary recorded decline in overseas shipments of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground, which decreased by -39.3% to X square meters in 2022. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 14%. As a result, the exports attained the peak of X square meters. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground declined to $X in 2022. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X square meters), Serbia (X square meters) and Bosnia and Herzegovina (X square meters) were the main destinations of exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Hungary, with a combined 72% share of total exports. Croatia, Greece, Bulgaria, Slovenia, Poland, Germany, Turkey and Italy lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +11.9%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exported from Hungary were Romania ($X), Serbia ($X) and Bosnia and Herzegovina ($X), with a combined 71% share of total exports. Croatia, Greece, Bulgaria, Slovenia, Poland, Germany, Turkey and Italy lagged somewhat behind, together comprising a further 23%.

Greece, with a CAGR of +22.4%, recorded the highest growth rate of the value of exports, among 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 float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, rising by 42% against the previous year. Overall, the export price saw a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Hungary

In 2022, supplies from abroad of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by 10% to X square meters, rising for the fifth consecutive year after two years of decline. In general, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 68%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground soared to $X in 2022. Overall, imports posted a resilient increase. The growth pace was the most rapid in 2018 with an increase of 81% against the previous year. Over the period under review, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Poland (X square meters) constituted the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground supplier to Hungary, accounting for a 61% share of total imports. Moreover, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Poland exceeded the figures recorded by the second-largest supplier, Bulgaria (X square meters), fivefold. Germany (X square meters) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+15.5% per year) and Germany (+2.7% per year).

In value terms, Poland ($X) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Hungary, comprising 45% of total imports. The second position in the ranking was held by Bulgaria ($X), with a 14% share of total imports. It was followed by Spain, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland amounted to +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+21.2% per year) and Spain (+73.7% per year).

Import Prices by Country

In 2022, the average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, growing by 15% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 16%. As a result, import price attained the peak level of $X per square meter. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform