Hungary: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in Hungary

The Hungarian glass fibre mat market dropped to $X in 2022, with a decrease of -11.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Glass fibre mat consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Glass Fibre Mat Exports

Exports from Hungary

In 2022, glass fibre mat exports from Hungary soared to X tons, increasing by 28% on the previous year. Overall, exports posted noticeable growth. The pace of growth appeared the most rapid in 2020 when exports increased by 676% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, glass fibre mat exports soared to $X in 2022. In general, exports posted a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 827%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Austria (X tons) was the main destination for glass fibre mat exports from Hungary, accounting for a 54% share of total exports. Moreover, glass fibre mat exports to Austria exceeded the volume sent to the second major destination, Slovakia (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Austria stood at +67.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+17.7% per year) and the Netherlands (+0.8% per year).

In value terms, Austria ($X) remains the key foreign market for glass fibre mats exports from Hungary, comprising 72% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total exports. It was followed by Germany, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to Austria amounted to +73.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+6.5% per year) and Germany (+33.8% per year).

Export Prices by Country

The average glass fibre mat export price stood at $X per ton in 2022, surging by 4.3% against the previous year. In general, the export price posted strong growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 120% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Slovakia ($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 Turkey (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Mat Imports

Imports into Hungary

In 2022, purchases abroad of glass fibre mats decreased by -1.6% to X tons, falling for the fourth year in a row after four years of growth. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 36%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, glass fibre mat imports fell to $X in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

Slovenia (X tons), Romania (X tons) and France (X tons) were the main suppliers of glass fibre mat imports to Hungary, together comprising 69% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +6.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of glass fibre mats to Hungary, comprising 40% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Slovenia, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.2% per year) and Slovenia (+7.5% per year).

Import Prices by Country

In 2022, the average glass fibre mat import price amounted to $X per ton, which is down by -11.5% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre mat import price increased by +87.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 48% against the previous year. The import price peaked at $X per ton in 2021, and then fell in the following year.

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 France ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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