Hungary: Industrial Roundwood Market 2025

Industrial Roundwood Market Size in Hungary

In 2022, the Hungarian industrial roundwood market increased by 4.5% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a perceptible slump. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Industrial Roundwood Production in Hungary

In value terms, industrial roundwood production dropped to $X in 2022 estimated in export price. In general, production, however, recorded a slight setback. The most prominent rate of growth was recorded in 2018 with an increase of 36% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Industrial Roundwood Exports

Exports from Hungary

After three years of growth, overseas shipments of industrial roundwood decreased by -6.8% to X cubic meters in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. The exports peaked at X cubic meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial roundwood exports expanded modestly to $X in 2022. Over the period under review, total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.6% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Austria (X cubic meters) was the main destination for industrial roundwood exports from Hungary, accounting for a 45% share of total exports. Moreover, industrial roundwood exports to Austria exceeded the volume sent to the second major destination, Italy (X cubic meters), twofold. The third position in this ranking was held by Slovakia (X cubic meters), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Austria amounted to -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+0.4% per year) and Slovakia (+6.2% per year).

In value terms, Austria ($X), Italy ($X) and Germany ($X) appeared to be the largest markets for industrial roundwood exported from Hungary worldwide, with a combined 63% share of total exports. Slovakia, Romania, Serbia, Slovenia and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 21%.

Among the main countries of destination, Bosnia and Herzegovina, with a CAGR of +64.3%, saw 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

In 2022, the average industrial roundwood export price amounted to $X per cubic meter, rising by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2018 an increase of 32%. The export price peaked at $X per cubic meter in 2019; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per cubic meter), while the average price for exports to Serbia ($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 Bosnia and Herzegovina (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood Imports

Imports into Hungary

In 2022, purchases abroad of industrial roundwood increased by 15% to X cubic meters, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 36% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, industrial roundwood imports surged to $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +130.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 59%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Croatia (X cubic meters), the Czech Republic (X cubic meters) and Slovakia (X cubic meters) were the main suppliers of industrial roundwood imports to Hungary, together comprising 77% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +140.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), the Czech Republic ($X) and Slovakia ($X) were the largest industrial roundwood suppliers to Hungary, with a combined 77% share of total imports.

The Czech Republic, with a CAGR of +106.5%, recorded 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

In 2022, the average industrial roundwood import price amounted to $X per cubic meter, with an increase of 26% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2021 an increase of 41% against the previous year. The import price peaked in 2022 and is likely to see steady 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 ($X per cubic meter), while the price for Slovenia ($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 Ukraine (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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