Hungary: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Hungary

The Hungarian non-woven glass fibre articles market soared to $X in 2021, with an increase of 43% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate buoyant growth. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports from Hungary

In 2021, shipments abroad of non-woven glass fibre webs, felts, mattresses and boards decreased by -22.1% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 88%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-woven glass fibre articles exports reduced to $X in 2021. Over the period under review, exports, however, showed a slight increase. The pace of growth was the most pronounced in 2017 when exports increased by 82% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Italy (X tons) and Slovakia (X tons) were the main destinations of non-woven glass fibre articles exports from Hungary, together comprising 87% of total exports. These countries were followed by Greece, Bahrain and Slovenia, which together accounted for a further 8.2%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +153.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-woven glass fibre articles exported from Hungary were Germany ($X), Italy ($X) and Slovakia ($X), with a combined 91% share of total exports. Greece, Bahrain and Slovenia lagged somewhat behind, together comprising a further 5.5%.

Greece, with a CAGR of +160.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average non-woven glass fibre articles export price amounted to $X per ton, with an increase of 13% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports into Hungary

In 2021, approx. X tons of non-woven glass fibre webs, felts, mattresses and boards were imported into Hungary; rising by 23% against 2020 figures. Overall, imports showed strong growth. The growth pace was the most rapid in 2017 with an increase of 26%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, non-woven glass fibre articles imports surged to $X in 2021. In general, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic (X tons), Slovenia (X tons) and Romania (X tons) were the main suppliers of non-woven glass fibre articles imports to Hungary, together accounting for 83% of total imports. These countries were followed by Italy, Poland and Slovakia, which together accounted for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +105.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-woven glass fibre articles suppliers to Hungary were the Czech Republic ($X), Slovenia ($X) and Italy ($X), together comprising 60% of total imports.

Italy, with a CAGR of +104.2%, recorded 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

In 2021, the average non-woven glass fibre articles import price amounted to $X per ton, jumping by 16% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; afterwards, it flattened through to 2021.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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