Hungary: Market for Float Glass And Surface Ground or Polished Glass 2024

Market Size for Float Glass And Surface Ground or Polished Glass in Hungary

In 2022, the Hungarian market for float glass and surface ground or polished glass increased by X% to $X, rising for the seventh consecutive year after three years of decline. In general, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2015 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Production of Float Glass And Surface Ground or Polished Glass in Hungary

In value terms, production of float glass and surface ground or polished glass reached $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Float Glass And Surface Ground or Polished Glass

Exports from Hungary

In 2022, approx. X square meters of float glass and surface ground or polished glass were exported from Hungary; which is down by X% on 2021. Over the period under review, exports saw a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at X square meters in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of float glass and surface ground or polished glass fell to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X square meters), Bosnia and Herzegovina (X square meters) and Serbia (X square meters) were the main destinations of exports of float glass and surface ground or polished glass from Hungary, together accounting for X% of total exports. Bulgaria, Croatia, Kosovo, Slovenia, Greece, Poland and Turkey lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for float glass and surface ground or polished glass exported from Hungary were Romania ($X), Bosnia and Herzegovina ($X) and Serbia ($X), with a combined X% share of total exports. Bulgaria, Kosovo, Croatia, Slovenia, Poland, Greece and Turkey lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Kosovo, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for float glass and surface ground or polished glass stood at $X per square meter in 2022, shrinking by X% against the previous year. In general, the export price, however, showed strong growth. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per square meter, and then reduced in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per square meter), while the average price for exports to Romania ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Float Glass And Surface Ground or Polished Glass

Imports into Hungary

In 2022, supplies from abroad of float glass and surface ground or polished glass increased by X% to X square meters, rising for the fifth consecutive year after two years of decline. In general, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of float glass and surface ground or polished glass surged to $X in 2022. Overall, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Poland (X square meters) constituted the largest supplier of float glass and surface ground or polished glass to Hungary, accounting for a X% share of total imports. Moreover, imports of float glass and surface ground or polished glass from Poland exceeded the figures recorded by the second-largest supplier, Germany (X square meters), threefold. The third position in this ranking was held by Bulgaria (X square meters), with a X% share.

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

In value terms, Poland ($X) constituted the largest supplier of float glass and surface ground or polished glass to Hungary, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Romania, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Romania (X% per year).

Import Prices by Country

In 2022, the average import price for float glass and surface ground or polished glass amounted to $X per square meter, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Luxembourg ($X per square meter), while the price for Bulgaria ($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 Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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