Hungary: Hardboard Market 2024

Hardboard Market Size in Hungary

In 2022, the Hungarian hardboard market decreased by -3.3% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Hardboard Production in Hungary

In value terms, hardboard production contracted to $X in 2022 estimated in export price. In general, production saw a sharp curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 18% against the previous year. Hardboard production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Hardboard Exports

Exports from Hungary

In 2022, shipments abroad of hardboard decreased by -29.6% to X cubic meters, falling for the second consecutive year after two years of growth. Overall, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of 98% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, hardboard exports shrank sharply to $X in 2022. Over the period under review, exports showed a slight curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 18%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X cubic meters) was the main destination for hardboard exports from Hungary, accounting for a 62% share of total exports. Moreover, hardboard exports to Austria exceeded the volume sent to the second major destination, Romania (X cubic meters), twofold. Slovakia (X cubic meters) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria totaled +77.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+6.5% per year) and Slovakia (-4.7% per year).

In value terms, Romania ($X) remains the key foreign market for hardboard exports from Hungary, comprising 55% of total exports. The second position in the ranking was held by Austria ($X), with an 18% share of total exports. It was followed by Mexico, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania stood at +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+51.0% per year) and Mexico (+94.3% per year).

Export Prices by Country

The average hardboard export price stood at $X per cubic meter in 2022, growing by 10% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2016 when the average export price increased by 18%. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a 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 Mexico ($X per cubic meter), while the average price for exports to Austria ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.9%), while the prices for the other major destinations experienced a decline.

Hardboard Imports

Imports into Hungary

Hardboard imports into Hungary contracted sharply to X cubic meters in 2022, which is down by -18.8% against the previous year. Over the period under review, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2020 when imports increased by 33% against the previous year. As a result, imports attained the peak of X cubic meters. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, hardboard imports fell to $X in 2022. In general, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Germany (X cubic meters) constituted the largest supplier of hardboard to Hungary, accounting for a 52% share of total imports. Moreover, hardboard imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X cubic meters), twofold. Ukraine (X cubic meters) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+18.5% per year) and Ukraine (+1.0% per year).

In value terms, Germany ($X) constituted the largest supplier of hardboard to Hungary, comprising 59% of total imports. The second position in the ranking was taken by Poland ($X), with a 23% share of total imports. It was followed by Latvia, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+17.9% per year) and Latvia (+63.6% per year).

Import Prices by Country

The average hardboard import price stood at $X per cubic meter in 2022, picking up by 7.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 an increase of 12%. The import price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, import prices stood 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 ($X per cubic meter), while the price for Lithuania ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :