Hungary: Natural Stone Sett Market 2025

Natural Stone Sett Market Size in Hungary

In 2022, the Hungarian natural stone sett market decreased by -32.5% to $X, falling for the third year in a row after three years of growth. In general, consumption, however, recorded a resilient expansion. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Natural Stone Sett Production in Hungary

In value terms, natural stone sett production soared to $X in 2022 estimated in export price. Over the period under review, production showed a strong expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by 638%. Natural stone sett production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Natural Stone Sett Exports

Exports from Hungary

In 2022, shipments abroad of natural stone setts, kerbstones and flagstones decreased by 0% to X tons, falling for the third consecutive year after three years of growth. Overall, exports saw a precipitous decline. The most prominent rate of growth was recorded in 2018 with an increase of 128% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural stone sett exports amounted to $X in 2022. Over the period under review, exports saw a dramatic slump. The growth pace was the most rapid in 2013 with an increase of 198% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for natural stone sett exports from Hungary, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -19.5%.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at -7.4%.

Export Prices by Country

In 2022, the average natural stone sett export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price saw resilient growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 54%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +15.1% per year.

Natural Stone Sett Imports

Imports into Hungary

In 2022, after five years of growth, there was significant decline in overseas purchases of natural stone setts, kerbstones and flagstones, when their volume decreased by -38.5% to X tons. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 2,082%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, natural stone sett imports reduced notably to $X in 2022. Overall, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 3,839%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Slovakia (X tons), Ukraine (X tons) and Turkey (X tons) were the main suppliers of natural stone sett imports to Hungary, with a combined 91% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +253.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest natural stone sett suppliers to Hungary were Slovakia ($X), Ukraine ($X) and Turkey ($X), together accounting for 91% of total imports.

Among the main suppliers, Turkey, with a CAGR of +205.1%, 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

In 2022, the average natural stone sett import price amounted to $X per ton, declining by -29% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average import price increased by 81% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then shrank notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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