Hungary: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Hungary

In 2022, the Hungarian market for floor, wall or ceiling coverings of plastics decreased by -4.2% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption, however, saw prominent growth. Over the period under review, the market hit record highs at $X in 2021, and then shrank slightly in the following year.

Production of Floor, Wall Or Ceiling Coverings Of Plastics in Hungary

In value terms, production of floor, wall or ceiling coverings of plastics shrank to $X in 2022 estimated in export price. In general, production, however, posted strong growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 176% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production of growth failed to regain momentum.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Hungary

Exports of floor, wall or ceiling coverings of plastics from Hungary shrank remarkably to X square meters in 2022, waning by -23% on the previous year. Overall, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2019 when exports increased by 4.5% against the previous year. The exports peaked at X square meters in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of floor, wall or ceiling coverings of plastics dropped to $X in 2022. Over the period under review, exports recorded a pronounced slump. The pace of growth appeared the most rapid in 2021 when exports increased by 17%. Over the period under review, the exports of attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X square meters), Germany (X square meters) and Russia (X square meters) were the main destinations of exports of floor, wall or ceiling coverings of plastics from Hungary, together accounting for 25% of total exports. Turkey, Spain, Slovakia, Italy, the Czech Republic, France, the UK, Ukraine, Israel and Morocco lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +18.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic floor, wall and ceiling coverings exported from Hungary were Germany ($X), Romania ($X) and Spain ($X), together comprising 24% of total exports. The UK, Russia, France, Turkey, Slovakia, the Czech Republic, Italy, Ukraine, Israel and Morocco lagged somewhat behind, together accounting for a further 42%.

In terms of the main countries of destination, Israel, with a CAGR of +20.0%, recorded the highest growth rate of 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 floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 30%. The export price peaked in 2022 and is expected to retain growth in the near future.

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 the UK ($X per square meter), while the average price for exports to Turkey ($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 Ukraine (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Hungary

Imports of floor, wall or ceiling coverings of plastics into Hungary declined to X square meters in 2022, waning by -11% against the year before. Overall, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 98%. Imports peaked at X square meters in 2021, and then fell in the following year.

In value terms, imports of floor, wall or ceiling coverings of plastics expanded modestly to $X in 2022. Over the period under review, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 58% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X square meters) constituted the largest plastic floor, wall and ceiling coverings supplier to Hungary, accounting for a 33% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from China exceeded the figures recorded by the second-largest supplier, Poland (X square meters), twofold. The third position in this ranking was held by Germany (X square meters), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +37.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+26.5% per year) and Germany (+12.3% per year).

In value terms, Germany ($X), Poland ($X) and China ($X) were the largest plastic floor, wall and ceiling coverings suppliers to Hungary, with a combined 56% share of total imports. France, Belgium, the Netherlands, Serbia, Italy, Slovenia, the Czech Republic, Turkey and Slovakia lagged somewhat behind, together accounting for a further 38%.

Among the main suppliers, Slovenia, with a CAGR of +110.3%, 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

The average import price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, picking up by 17% against the previous year. In general, the import price, however, recorded a mild downturn. The import price peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Slovakia ($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 Italy (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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