Hungary: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Hungary

The Hungarian plastic household articles market dropped modestly to $X in 2022, shrinking by -3.7% against the previous year. In general, consumption, however, showed a resilient expansion. As a result, consumption reached the peak level of $X, and then dropped slightly in the following year.

Plastic Household Articles Production in Hungary

In value terms, plastic household articles production shrank to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 57%. Over the period under review, production hit record highs at $X in 2021, and then fell in the following year.

Plastic Household Articles Exports

Exports from Hungary

In 2022, exports of household articles and toilet articles of plastics from Hungary expanded to X tons, increasing by 2.2% compared with 2021 figures. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 22% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic household articles exports expanded modestly to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 20% against the previous year. 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

Germany (X tons) was the main destination for plastic household articles exports from Hungary, accounting for a 36% share of total exports. Moreover, plastic household articles exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), threefold. Romania (X tons) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+11.7% per year) and Romania (+19.7% per year).

In value terms, Germany ($X) remains the key foreign market for household articles and toilet articles of plastics exports from Hungary, comprising 25% of total exports. The second position in the ranking was taken by the UK ($X), with a 10% share of total exports. It was followed by Romania, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+7.4% per year) and Romania (+20.9% per year).

Export Prices by Country

The average plastic household articles export price stood at $X per ton in 2022, rising by 2.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2013 an increase of 39% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Germany ($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 Poland (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Hungary

In 2022, plastic household articles imports into Hungary expanded significantly to X tons, surging by 11% compared with the previous year's figure. Over the period under review, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 68% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, plastic household articles imports rose markedly to $X in 2022. In general, imports saw a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of plastic household articles to Hungary, accounting for a 34% share of total imports. Moreover, plastic household articles imports from Poland exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+22.0% per year) and China (+28.9% per year).

In value terms, Poland ($X) constituted the largest supplier of household articles and toilet articles of plastics to Hungary, comprising 33% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland amounted to +24.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.2% per year) and China (+27.5% per year).

Import Prices by Country

In 2022, the average plastic household articles import price amounted to $X per ton, surging by 2.8% against the previous year. In general, the import price, however, saw a mild contraction. The growth pace was the most rapid in 2016 when the average import price increased by 39%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 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 Austria ($X per ton), while the price for Slovakia ($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 (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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