Hungary: Plaster Market 2024

Plaster Market Size in Hungary

In 2022, the Hungarian plaster market increased by 5.3% to $X, rising for the third consecutive year after two years of decline. Overall, consumption, however, recorded a noticeable curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Plaster Production in Hungary

In value terms, plaster production rose modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 15%. Plaster production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Plaster Exports

Exports from Hungary

In 2022, after five years of growth, there was significant decline in overseas shipments of plaster, when their volume decreased by -14.1% to X tons. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 558% against the previous year. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, plaster exports declined to $X in 2022. Over the period under review, exports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2018 when exports increased by 326%. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

Austria (X tons), the Czech Republic (X tons) and Slovakia (X tons) were the main destinations of plaster exports from Hungary, with a combined 72% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +176.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plaster exported from Hungary were Austria ($X), the Czech Republic ($X) and Slovakia ($X), together comprising 69% of total exports.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +134.8%, recorded the highest rates of growth with regard to 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 plaster export price stood at $X per ton in 2022, picking up by 8.9% against the previous year. Over the period under review, the export price, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Poland ($X per ton) and Romania ($X per ton), while the average price for exports to Austria ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (-4.8%), while the prices for the other major destinations experienced a decline.

Plaster Imports

Imports into Hungary

In 2022, imports of plaster into Hungary reached X tons, picking up by 1.8% against 2021 figures. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, plaster imports plummeted to $X in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 36%. Imports peaked at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

Poland (X tons), Austria (X tons) and Romania (X tons) were the main suppliers of plaster imports to Hungary, with a combined 88% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +98.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of plaster to Hungary, comprising 51% of total imports. The second position in the ranking was held by Poland ($X), with an 18% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Austria stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+68.2% per year) and Germany (+1.4% per year).

Import Prices by Country

The average plaster import price stood at $X per ton in 2022, waning by -19.4% against the previous year. In general, the import price continues to indicate a perceptible slump. The growth pace was the most rapid in 2014 an increase of 9.7% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average 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 Slovakia ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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