Hungary: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Hungary

In 2022, the Hungarian metal office furniture market increased by 41% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption posted significant growth. Metal office furniture consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Metal Office Furniture Production in Hungary

In value terms, metal office furniture production declined markedly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 455% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Metal Office Furniture Exports

Exports from Hungary

In 2022, after two years of decline, there was growth in shipments abroad of metal office furniture, when their volume increased by 1.1% to X tons. In general, exports posted strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by 84%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal office furniture exports rose sharply to $X in 2022. Overall, exports, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 52%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for metal office furniture exports from Hungary, accounting for a 38% share of total exports. Moreover, metal office furniture exports to Germany exceeded the volume sent to the second major destination, Romania (X tons), threefold. The third position in this ranking was taken by the Czech Republic (X tons), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +33.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+7.0% per year) and the Czech Republic (+20.2% per year).

In value terms, Germany ($X) remains the key foreign market for metal office furniture exports from Hungary, comprising 34% of total exports. The second position in the ranking was taken by Romania ($X), with a 12% share of total exports. It was followed by the United States, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +31.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+7.0% per year) and the United States (-1.9% per year).

Export Prices by Country

In 2022, the average metal office furniture export price amounted to $X per ton, with an increase of 12% against the previous year. Overall, the export price, however, showed a abrupt decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Croatia ($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 (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Office Furniture Imports

Imports into Hungary

In 2022, purchases abroad of metal office furniture increased by 19% to X tons, rising for the second consecutive year after two years of decline. In general, imports posted prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 33% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, metal office furniture imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Italy (X tons) and Poland (X tons) were the main suppliers of metal office furniture imports to Hungary, with a combined 64% share of total imports. Germany, Austria, the Czech Republic and the Netherlands lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +40.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Italy ($X) and China ($X) appeared to be the largest metal office furniture suppliers to Hungary, with a combined 55% share of total imports. Germany, Austria, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further 31%.

In terms of the main suppliers, the Netherlands, with a CAGR of +35.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal office furniture import price stood at $X per ton in 2022, picking up by 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2013 an increase of 17% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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