Hungary: Market for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics 2024

Market Size for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Hungary

In 2022, the Hungarian market for non-cellular plates, sheets, film, foil and strip of plastics increased by 21% to $X, rising for the sixth consecutive year after two years of decline. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +68.8% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Hungary

In value terms, production of non-cellular plates, sheets, film, foil and strip of plastics skyrocketed to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 30%. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Exports from Hungary

After four years of growth, overseas shipments of non-cellular plates, sheets, film, foil and strip of plastics decreased by -3.7% to X tons in 2022. Overall, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.6% against 2014 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 21% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then declined slightly in the following year.

In value terms, exports of non-cellular plates, sheets, film, foil and strip of plastics amounted to $X in 2022. In general, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), Poland (X tons) and Italy (X tons) were the main destinations of exports of non-cellular plates, sheets, film, foil and strip of plastics from Hungary, with a combined 47% share of total exports. Belgium, Slovakia, France, Ukraine, Austria, Romania, Lithuania, the Czech Republic, the UK and the Netherlands lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +38.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Belgium ($X) constituted the largest markets for non-cellular plates, sheets, film, foil and strip of plastics exported from Hungary worldwide, together comprising 50% of total exports. France, Slovakia, Austria, Italy, Romania, Ukraine, the Netherlands, Lithuania, the UK and the Czech Republic lagged somewhat behind, together comprising a further 39%.

Among the main countries of destination, France, with a CAGR of +41.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for non-cellular plates, sheets, film, foil and strip of plastics amounted to $X per ton, increasing by 5.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2021 an increase of 13% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Italy ($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 (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Imports into Hungary

In 2022, imports of non-cellular plates, sheets, film, foil and strip of plastics into Hungary expanded slightly to X tons, growing by 4.9% on the previous year. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.7% against 2013 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 17%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of non-cellular plates, sheets, film, foil and strip of plastics totaled $X in 2022. Overall, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of non-cellular plates, sheets, film, foil and strip of plastics to Hungary, with a 34% share of total imports. Moreover, imports of non-cellular plates, sheets, film, foil and strip of plastics from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The Czech Republic (X tons) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.0% per year) and the Czech Republic (+6.8% per year).

In value terms, Germany ($X) constituted the largest supplier of non-cellular plates, sheets, film, foil and strip of plastics to Hungary, comprising 31% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by Denmark, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.8% per year) and Denmark (+42.0% per year).

Import Prices by Country

In 2022, the average import price for non-cellular plates, sheets, film, foil and strip of plastics amounted to $X per ton, with an increase of 2.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 23%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform