Hungary: Non-Cellular Polystyrene Film Market 2024

Non-Cellular Polystyrene Film Market Size in Hungary

In 2022, the Hungarian non-cellular polystyrene film market increased by 16% to $X, rising for the third consecutive year after two years of decline. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value 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, consumption increased by +72.6% against 2019 indices. Non-cellular polystyrene film consumption peaked in 2022 and is expected to retain growth in the immediate term.

Non-Cellular Polystyrene Film Production in Hungary

In value terms, non-cellular polystyrene film production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2013 when the production volume increased by 24%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Non-Cellular Polystyrene Film Exports

Exports from Hungary

In 2022, overseas shipments of non-cellular polystyrene films, sheets, foil and strip decreased by -44.7% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 77% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-cellular polystyrene film exports fell dramatically to $X in 2022. In general, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 213% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Romania (X tons) and Austria (X tons) were the main destinations of non-cellular polystyrene film exports from Hungary, together comprising 74% of total exports. Slovakia, Croatia, Turkey, the United States and the Czech Republic lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +27.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for non-cellular polystyrene films, sheets, foil and strip exports from Hungary, comprising 33% of total exports. The second position in the ranking was taken by Romania ($X), with a 13% share of total exports. It was followed by Slovakia, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +36.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+18.4% per year) and Slovakia (+2.4% per year).

Export Prices by Country

The average non-cellular polystyrene film export price stood at $X per ton in 2022, declining by -46.1% against the previous year. Overall, the export price, however, posted prominent growth. The growth pace was the most rapid in 2014 an increase of 76%. The export price peaked at $X per ton in 2021, and then fell notably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Austria ($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 Slovakia (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cellular Polystyrene Film Imports

Imports into Hungary

In 2022, supplies from abroad of non-cellular polystyrene films, sheets, foil and strip decreased by -7.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +2.2% 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 +19.6% against 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 24%. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted in the following year.

In value terms, non-cellular polystyrene film imports expanded significantly to $X in 2022. Overall, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 45% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of non-cellular polystyrene film to Hungary, accounting for a 50% share of total imports. Moreover, non-cellular polystyrene film imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Austria (X tons) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.8% per year) and Austria (+3.9% per year).

In value terms, Germany ($X) constituted the largest supplier of non-cellular polystyrene films, sheets, foil and strip to Hungary, comprising 51% of total imports. The second position in the ranking was held by Austria ($X), with a 13% share of total imports. It was followed by Italy, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+11.2% per year) and Italy (+6.9% per year).

Import Prices by Country

In 2022, the average non-cellular polystyrene film import price amounted to $X per ton, jumping by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2017 when the average import price increased by 16%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :