Hungary: Market for Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates 2024

Market Size for Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in Hungary

The Hungarian market for gravel, pebbles and crushed stone for concrete and road aggregates was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -22.0% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in Hungary

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates surged to $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -21.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 47%. Production of peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates

Exports from Hungary

In 2021, overseas shipments of gravel, pebbles and crushed stone for concrete and road aggregates increased by 24% to X tons, rising for the third consecutive year after two years of decline. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 266% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates skyrocketed to $X in 2021. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +79.9% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Austria (X tons) was the main destination for exports of gravel, pebbles and crushed stone for concrete and road aggregates from Hungary, accounting for a 55% share of total exports. Moreover, exports of gravel, pebbles and crushed stone for concrete and road aggregates to Austria exceeded the volume sent to the second major destination, Croatia (X tons), threefold. Slovenia (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Austria totaled +44.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+73.4% per year) and Slovenia (+39.1% per year).

In value terms, Austria ($X) remains the key foreign market for gravel, pebbles and crushed stone for concrete and road aggregates exports from Hungary, comprising 75% of total exports. The second position in the ranking was held by Slovakia ($X), with a 13% share of total exports. It was followed by Slovenia, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria amounted to +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-2.6% per year) and Slovenia (+13.4% per year).

Export Prices by Country

In 2021, the average export price for gravel, pebbles and crushed stone for concrete and road aggregates amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price, however, showed a precipitous curtailment. The growth pace was the most rapid in 2018 an increase of 16% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Croatia ($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 Croatia (-1.5%), while the prices for the other major destinations experienced a decline.

Imports of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates

Imports into Hungary

In 2021, after two years of decline, there was significant growth in supplies from abroad of gravel, pebbles and crushed stone for concrete and road aggregates, when their volume increased by 5.7% to X tons. In general, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 294% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates skyrocketed to $X in 2021. Over the period under review, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 190%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, Romania (X tons) constituted the largest supplier of gravel, pebbles and crushed stone for concrete and road aggregates to Hungary, accounting for a 53% share of total imports. Moreover, imports of gravel, pebbles and crushed stone for concrete and road aggregates from Romania exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), twofold. The third position in this ranking was taken by Serbia (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Romania amounted to +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+11.2% per year) and Serbia (+151.8% per year).

In value terms, the largest gravel, pebbles and crushed stone for concrete and road aggregates suppliers to Hungary were Romania ($X), Austria ($X) and Slovakia ($X), together comprising 72% of total imports. These countries were followed by Serbia, which accounted for a further 13%.

Serbia, with a CAGR of +139.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 gravel, pebbles and crushed stone for concrete and road aggregates stood at $X per ton in 2021, increasing by 9.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 20%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+11.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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