Hungary: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in Hungary

The Hungarian natural rubber and gum market skyrocketed to $X in 2022, with an increase of 250% against the previous year. In general, consumption posted a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Natural Rubber And Gums in Hungary

In value terms, natural rubber and gum production totaled less than $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume decreased by 99.9%. Natural rubber and gum production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The average yield of natural rubber and gums in Hungary totaled less than X kg per ha in 2022, approximately mirroring the year before. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The natural rubber and gum harvested area in Hungary stood at less than X ha in 2022, remaining stable against the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Exports of Natural Rubber And Gums

Exports from Hungary

In 2022, the amount of natural rubber and gums exported from Hungary declined markedly to X tons, shrinking by -99.9% against the year before. Overall, exports saw a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 29,494%. As a result, the exports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, natural rubber and gum exports contracted remarkably to $X in 2022. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 31,119%. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

Italy (X tons) was the main destination for natural rubber and gum exports from Hungary, with a 59% share of total exports. Moreover, natural rubber and gum exports to Italy exceeded the volume sent to the second major destination, Ukraine (X tons), threefold. Romania (X kg) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to -17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+0.8% per year) and Romania (-10.1% per year).

In value terms, Italy ($X) remains the key foreign market for natural rubber and gums exports from Hungary, comprising 78% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 15% share of total exports. It was followed by Romania, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-0.8% per year) and Romania (-16.6% per year).

Export Prices by Country

In 2022, the average natural rubber and gum export price amounted to $X per ton, with an increase of 31% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, natural rubber and gum export price increased by +6.5% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 65%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Romania ($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 the Netherlands (+64.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Natural Rubber And Gums

Imports into Hungary

For the third year in a row, Hungary recorded decline in overseas purchases of natural rubber and gums, which decreased by -30.3% to X tons in 2022. Over the period under review, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 99% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, natural rubber and gum imports reduced remarkably to $X in 2022. Overall, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2019 when imports increased by 100%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Singapore (X tons), Thailand (X tons) and Germany (X tons) were the main suppliers of natural rubber and gum imports to Hungary, with a combined 79% share of total imports. Italy, Poland and Switzerland lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +53.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Singapore ($X) and Thailand ($X) appeared to be the largest natural rubber and gum suppliers to Hungary, with a combined 75% share of total imports. Italy, Poland and Switzerland lagged somewhat behind, together accounting for a further 21%.

Switzerland, with a CAGR of +49.3%, saw the highest rates of growth with regard to the value of imports, among 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 natural rubber and gum import price stood at $X per ton in 2022, picking up by 12% against the previous year. Overall, the import price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 49% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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