Hungary: Market for Rubber-to-Metal and Moulded Articles 2025

Market Size for Rubber-to-Metal and Moulded Articles in Hungary

The Hungarian rubber-to-metal and moulded article market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Rubber-to-metal and moulded article consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Rubber-to-Metal and Moulded Articles in Hungary

In value terms, rubber-to-metal and moulded article production fell rapidly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2013 with an increase of 13% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Hungary

In 2021, overseas shipments of rubber-to-metal and moulded articles were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, rubber-to-metal and moulded article exports soared to $X in 2021. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Austria (X tons) and the UK (X tons) were the main destinations of rubber-to-metal and moulded article exports from Hungary, together accounting for 51% of total exports. Belgium, Russia, Romania, the Netherlands, France, Ukraine, the Czech Republic, Poland, Switzerland and Sweden lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +37.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for rubber-to-metal and moulded articles exports from Hungary, comprising 31% of total exports. The second position in the ranking was held by Austria ($X), with a 12% share of total exports. It was followed by Russia, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+5.8% per year) and Russia (+2.3% per year).

Export Prices by Country

In 2021, the average rubber-to-metal and moulded article export price amounted to $X per ton, with an increase of 2.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2020 an increase of 20% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Switzerland ($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 Russia (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Hungary

In 2021, overseas purchases of rubber-to-metal and moulded articles increased by 27% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +12.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 47% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, rubber-to-metal and moulded article imports soared to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 66% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Poland (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Hungary, together comprising 47% of total imports. These countries were followed by Turkey, Slovakia, France, China, Italy, Romania and Spain, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +40.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and France ($X) were the largest rubber-to-metal and moulded article suppliers to Hungary, together accounting for 49% of total imports. Poland, Turkey, Slovakia, China, Italy, Spain and Romania lagged somewhat behind, together comprising a further 35%.

In terms of the main suppliers, Turkey, with a CAGR of +31.1%, recorded the highest growth rate of 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

In 2021, the average rubber-to-metal and moulded article import price amounted to $X per ton, with a decrease of -5.9% against the previous year. Over the period under review, the import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by 23%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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