Hungary: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Hungary

The Hungarian glass in the mass market soared to $X in 2022, picking up by 32% against the previous year. In general, consumption, however, continues to indicate a abrupt descent. Glass in the mass consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Glass in The Mass in Hungary

In value terms, glass in the mass production expanded slightly to $X in 2022 estimated in export price. In general, production recorded a pronounced contraction. The most prominent rate of growth was recorded in 2016 with an increase of 11%. Glass in the mass production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Glass in The Mass

Exports from Hungary

Glass in the mass exports from Hungary soared to X tons in 2022, rising by 26% on 2021. In general, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +9.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, glass in the mass exports skyrocketed to $X in 2022. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 62%. Over the period under review, the glass in mass exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Czech Republic (X tons), Croatia (X tons) and Slovakia (X tons) were the main destinations of glass in the mass exports from Hungary, with a combined 74% share of total exports. Austria, Romania, Italy and Slovenia lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +82.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass in the mass exported from Hungary were Croatia ($X), the Czech Republic ($X) and Slovakia ($X), together accounting for 77% of total exports. Italy, Austria, Slovenia and Romania lagged somewhat behind, together comprising a further 22%.

Italy, with a CAGR of +93.9%, 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 glass in the mass export price amounted to $X per ton, with an increase of 16% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 17%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Romania ($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 Italy (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass in The Mass

Imports into Hungary

In 2022, purchases abroad of glass in the mass increased by 181% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2020 when imports increased by 445% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, glass in the mass imports skyrocketed to $X in 2022. In general, imports enjoyed buoyant growth. The growth pace was the most rapid in 2020 with an increase of 290% against the previous year. Over the period under review, glass in mass imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Romania (X tons) was the main glass in the mass supplier to Hungary, with a 97% share of total imports. It was followed by Bosnia and Herzegovina (X tons), with a 2.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Romania amounted to +107.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Bosnia and Herzegovina (+14.2% per year) and Germany (-37.0% per year).

In value terms, Romania ($X) constituted the largest supplier of glass in the mass to Hungary, comprising 93% of total imports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 2.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Romania amounted to +86.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Bosnia and Herzegovina (+7.7% per year) and Germany (-26.2% per year).

Import Prices by Country

In 2022, the average glass in the mass import price amounted to $X per ton, falling by -20.6% against the previous year. Over the period under review, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 28% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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 Germany ($X per ton), while the price for Romania ($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 (+17.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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