Hungary: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Hungary

The Hungarian multiple-walled insulating glass unit market soared to $X in 2021, growing by 37% against the previous year. In general, consumption enjoyed a buoyant expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Multiple-Walled Insulating Units Of Glass in Hungary

In value terms, multiple-walled insulating glass unit production surged to $X in 2021 estimated in export price. In general, production saw a pronounced increase. The growth pace was the most rapid in 2018 when the production volume increased by 85% against the previous year. Multiple-walled insulating glass unit production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Hungary

In 2021, overseas shipments of multiple-walled insulating units of glass increased by 16% to X square meters, rising for the fourth year in a row after three years of decline. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 18%. Over the period under review, the exports hit record highs at X square meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, multiple-walled insulating glass unit exports soared to $X in 2021. Over the period under review, total exports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +69.8% against 2016 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 28%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X square meters), Slovakia (X square meters) and Romania (X square meters) were the main destinations of multiple-walled insulating glass unit exports from Hungary, with a combined 88% share of total exports. Croatia, Slovenia, Denmark and Austria lagged somewhat behind, together accounting for a further 8%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +9.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for multiple-walled insulating glass unit exported from Hungary were Poland ($X), Slovakia ($X) and Romania ($X), together comprising 86% of total exports. These countries were followed by Croatia, Slovenia, Denmark and Austria, which together accounted for a further 8.4%.

Croatia, with a CAGR of +14.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average multiple-walled insulating glass unit export price stood at $X per square meter in 2021, growing by 2.6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2017 an increase of 23%. The export price peaked at $X per square meter in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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 Austria ($X per square meter), while the average price for exports to Poland ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Hungary

In 2021, multiple-walled insulating glass unit imports into Hungary surged to X square meters, jumping by 49% on 2020. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 213% against the previous year. Imports peaked at X square meters in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, multiple-walled insulating glass unit imports skyrocketed to $X in 2021. In general, imports saw a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 194%. 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

Croatia (X square meters), Germany (X square meters) and Slovakia (X square meters) were the main suppliers of multiple-walled insulating glass unit imports to Hungary, together accounting for 58% of total imports.

From 2012 to 2021, the biggest increases were recorded for Croatia (with a CAGR of +80.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), Germany ($X) and Slovakia ($X) constituted the largest multiple-walled insulating glass unit suppliers to Hungary, with a combined 54% share of total imports.

Croatia, with a CAGR of +67.7%, 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

In 2021, the average multiple-walled insulating glass unit import price amounted to $X per square meter, with an increase of 5.3% against the previous year. In general, the import price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2020 an increase of 16%. Over the period under review, average import prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per square meter), while the price for Romania ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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