Hungary: Industrial Roundwood (Coniferous) Market 2024

Industrial Roundwood (Coniferous) Market Size in Hungary

The Hungarian industrial roundwood (coniferous) market stood at $X in 2022, flattening at the previous year. In general, consumption recorded a resilient increase. Industrial roundwood (coniferous) consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Industrial Roundwood (Coniferous) Production in Hungary

In value terms, industrial roundwood (coniferous) production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 18%. Industrial roundwood (coniferous) production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Industrial Roundwood (Coniferous) Exports

Exports from Hungary

Industrial roundwood (coniferous) exports from Hungary declined modestly to X cubic meters in 2022, flattening at the previous year. Over the period under review, exports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 50% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial roundwood (coniferous) exports declined slightly to $X in 2022. In general, exports saw a pronounced decline. The pace of growth was the most pronounced in 2013 when exports increased by 45% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Austria (X cubic meters) was the main destination for industrial roundwood (coniferous) exports from Hungary, accounting for a 80% share of total exports. Moreover, industrial roundwood (coniferous) exports to Austria exceeded the volume sent to the second major destination, Romania (X cubic meters), ninefold. The third position in this ranking was held by Bosnia and Herzegovina (X cubic meters), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria totaled -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+75.8% per year) and Bosnia and Herzegovina (+52.0% per year).

In value terms, Austria ($X) remains the key foreign market for industrial roundwood (coniferous) exports from Hungary, comprising 55% of total exports. The second position in the ranking was held by Germany ($X), with a 22% share of total exports. It was followed by Romania, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria amounted to -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+35.4% per year) and Romania (+74.0% per year).

Export Prices by Country

The average industrial roundwood (coniferous) export price stood at $X per cubic meter in 2022, leveling off at the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per cubic meter), while the average price for exports to Austria ($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 Germany (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Roundwood (Coniferous) Imports

Imports into Hungary

In 2022, approx. X cubic meters of industrial roundwood (coniferous) were imported into Hungary; growing by 6.6% on the year before. Overall, imports continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 528%. As a result, imports attained the peak of X cubic meters. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, industrial roundwood (coniferous) imports soared to $X in 2022. Over the period under review, imports showed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 422%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

The Czech Republic (X cubic meters), Slovakia (X cubic meters) and Germany (X cubic meters) were the main suppliers of industrial roundwood (coniferous) imports to Hungary, together comprising 89% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +436.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Slovakia ($X) and Germany ($X) appeared to be the largest industrial roundwood (coniferous) suppliers to Hungary, with a combined 90% share of total imports.

The Czech Republic, with a CAGR of +561.8%, saw the highest rates of growth with regard to 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 industrial roundwood (coniferous) import price stood at $X per cubic meter in 2022, jumping by 55% against the previous year. Over the period under review, the import price continues to indicate a measured expansion. The growth pace was the most rapid in 2021 an increase of 65%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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 Romania ($X per cubic meter), while the price for Austria ($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 the Czech Republic (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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