Hungary: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Hungary

The Hungarian non-rolled bitumen products market fell to $X in 2022, with a decrease of -7.4% against the previous year. Over the period under review, consumption recorded a deep slump. Non-rolled bitumen products consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Rolled Bitumen Products Production in Hungary

In value terms, non-rolled bitumen products production declined to $X in 2022 estimated in export price. Overall, production showed a abrupt descent. The pace of growth appeared the most rapid in 2019 when the production volume increased by 112% against the previous year. Non-rolled bitumen products production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Non-Rolled Bitumen Products Exports

Exports from Hungary

In 2022, shipments abroad of non-rolled bitumen products decreased by -91.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a sharp contraction. The pace of growth was the most pronounced in 2020 when exports increased by 3,843%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-rolled bitumen products exports dropped remarkably to $X in 2022. Overall, exports faced a dramatic decline. The pace of growth appeared the most rapid in 2020 when exports increased by 3,310% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Serbia (X tons), the UK (X tons) and Slovakia (X tons) were the main destinations of non-rolled bitumen products exports from Hungary, together comprising 77% of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +710.3%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for non-rolled bitumen products exported from Hungary were Slovenia ($X), the UK ($X) and Croatia ($X), with a combined 66% share of total exports.

The UK, with a CAGR of +670.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average non-rolled bitumen products export price amounted to $X per ton, reducing by -25.2% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 139%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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 Austria ($X per ton), while the average price for exports to Serbia ($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 Czech Republic (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports into Hungary

In 2022, overseas purchases of non-rolled bitumen products decreased by -15.4% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 24%. Imports peaked at X tons in 2021, and then contracted remarkably in the following year.

In value terms, non-rolled bitumen products imports amounted to $X in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest non-rolled bitumen products supplier to Hungary, accounting for a 57% share of total imports. Moreover, non-rolled bitumen products imports from Slovakia exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Lithuania (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovakia totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+57.6% per year) and Lithuania (+32.2% per year).

In value terms, Slovakia ($X) constituted the largest supplier of non-rolled bitumen products to Hungary, comprising 46% of total imports. The second position in the ranking was held by Poland ($X), with a 21% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Slovakia amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+51.3% per year) and Italy (+0.5% per year).

Import Prices by Country

In 2022, the average non-rolled bitumen products import price amounted to $X per ton, increasing by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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