Report Update Nov 1, 2024

Hungary - Glass Fibre Chopped Strands - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Market for Glass Fibre Chopped Strands 2024

Market Size for Glass Fibre Chopped Strands in Hungary

For the fourth year in a row, the Hungarian glass fibre chopped strand market recorded growth in sales value, which increased by 33% to $X in 2021. In general, consumption posted a resilient expansion. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in years to come.

Exports of Glass Fibre Chopped Strands

Exports from Hungary

Glass fibre chopped strand exports from Hungary soared to X tons in 2021, increasing by 200% against the previous year's figure. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, glass fibre chopped strand exports surged to $X in 2021. In general, exports posted prominent growth. The growth pace was the most rapid in 2015 when exports increased by 356% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Germany (X tons) was the main destination for glass fibre chopped strand exports from Hungary, with a 83% share of total exports. Moreover, glass fibre chopped strand exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), sevenfold. Mexico (X tons) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +37.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+1,301.0% per year) and Mexico (0.0% per year).

In value terms, Germany ($X) remains the key foreign market for glass fibre chopped strands exports from Hungary, comprising 85% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 9.6% share of total exports. It was followed by Mexico, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +40.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+953.4% per year) and Mexico (0.0% per year).

Export Prices by Country

The average glass fibre chopped strand export price stood at $X per ton in 2021, waning by -29.3% against the previous year. In general, the export price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2015 an increase of 139%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to the Czech Republic ($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 Slovakia (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Glass Fibre Chopped Strands

Imports into Hungary

In 2021, approx. X tons of glass fibre chopped strands were imported into Hungary; with an increase of 7.3% compared with the previous year. Over the period under review, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2014 when imports increased by 72% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, glass fibre chopped strand imports surged to $X in 2021. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 97%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

South Korea (X tons), Malaysia (X tons) and Slovakia (X tons) were the main suppliers of glass fibre chopped strand imports to Hungary, together comprising 88% of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +654.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre chopped strand suppliers to Hungary were South Korea ($X), Malaysia ($X) and Slovakia ($X), together accounting for 85% of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of +679.1%, recorded the highest rates of growth with regard to 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 glass fibre chopped strand import price stood at $X per ton in 2021, with an increase of 38% against the previous year. In general, the import price, however, continues to indicate a pronounced slump. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass fibre chopped strands in the world?

China constituted the country with the largest volume of glass fibre chopped strand consumption, accounting for 25% of total volume. Moreover, glass fibre chopped strand consumption in China exceeded the figures recorded by the second-largest consumer, Japan, twofold. The United States ranked third in terms of total consumption with a 9.8% share.

What are the largest producers of glass fibre chopped strands in the world?

The country with the largest volume of glass fibre chopped strand production was China, accounting for 25% of total volume. Moreover, glass fibre chopped strand production in China exceeded the figures recorded by the second-largest producer, Japan, twofold. The third position in this ranking was occupied by the United States, with a 9.3% share.

What are the leading suppliers of glass fibre chopped strands to Hungary?

In value terms, South Korea, Malaysia and Slovakia constituted the largest glass fibre chopped strand suppliers to Hungary, together accounting for 85% of total imports.

What are the leading importers of glass fibre chopped strands from Hungary?

In value terms, Germany remains the key foreign market for glass fibre chopped strand exports from Hungary, comprising 85% of total exports. The second position in the ranking was occupied by the Czech Republic, with a 9.6% share of total exports.

What is the average export price for glass fibre chopped strands in Hungary?

In 2021, the average glass fibre chopped strand export price amounted to $1,979 per ton, with a decrease of -28.1% against the previous year.

What is the average import price for glass fibre chopped strands in Hungary?

The average glass fibre chopped strand import price stood at $1,424 per ton in 2021, growing by 36% against the previous year.

This report provides an in-depth analysis of the market for glass fibre chopped strand in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23141110 - Glass fibre threads cut into lengths of at least 3 mm but . .50 mm (chopped strands)

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023