Hungary: Marble And Travertine Market 2022

Marble And Travertine Market Size in Hungary

In 2021, the Hungarian marble and travertine market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a abrupt downturn. Marble and travertine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Marble And Travertine Production in Hungary

In value terms, marble and travertine production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 17%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Marble And Travertine Exports

Exports from Hungary

Marble and travertine exports from Hungary surged to X tons in 2021, jumping by 57% compared with the previous year. In general, exports, however, showed a deep reduction. The pace of growth was the most pronounced in 2013 with an increase of 507% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, marble and travertine exports contracted to $X in 2021. Over the period under review, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by 1,347% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X tons), Slovenia (X tons) and Ukraine (X kg) were the main destinations of marble and travertine exports from Hungary, with a combined 98% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Romania ($X) remains the key foreign market for marble and travertine exports from Hungary, comprising 56% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 19% share of total exports. It was followed by Slovenia, with a 17% share.

From 2012 to 2021, the average annual growth rate of value to Romania amounted to -12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-38.0% per year) and Slovenia (0.0% per year).

Export Prices by Country

In 2021, the average marble and travertine export price amounted to $X per ton, falling by -42.9% against the previous year. In general, the export price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 394% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+76.1%), while the prices for the other major destinations experienced more modest paces of growth.

Marble And Travertine Imports

Imports into Hungary

In 2021, the amount of marble and travertine imported into Hungary skyrocketed to X tons, picking up by 54% on 2020. Over the period under review, imports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of 484%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, marble and travertine imports surged to $X in 2021. Overall, imports, however, showed a slight slump. The pace of growth was the most pronounced in 2018 with an increase of 778%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), Belgium (X tons) and Italy (X tons) were the main suppliers of marble and travertine imports to Hungary, with a combined 98% share of total imports.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +41.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest marble and travertine suppliers to Hungary were Turkey ($X), Belgium ($X) and Italy ($X), together comprising 99% of total imports.

Turkey, with a CAGR of +39.1%, recorded the highest growth rate of 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 marble and travertine import price stood at $X per ton in 2021, reducing by -12.6% against the previous year. In general, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 281% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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