Hungary: Office Supply Market 2024

Office Supply Market Size in Hungary

The Hungarian office supply market skyrocketed to $X in 2022, increasing by 112,564% against the previous year. In general, consumption enjoyed significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Office Supply Production in Hungary

In value terms, office supply production soared to $X in 2022 estimated in export price. Over the period under review, production posted a resilient increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Office Supply Exports

Exports from Hungary

In 2022, overseas shipments of office or school supplies of plastics decreased by -11.6% to X tons, falling for the second year in a row after two years of growth. In general, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2017 when exports increased by 27% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, office supply exports contracted to $X in 2022. Overall, exports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia (X tons), Romania (X tons) and the Czech Republic (X tons) were the main destinations of office supply exports from Hungary, together accounting for 63% of total exports. Croatia, Germany, Austria, Bulgaria, Slovenia, Italy, Serbia, Spain, Poland and the Netherlands lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +66.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for office supply exported from Hungary were Slovakia ($X), Romania ($X) and the Czech Republic ($X), with a combined 58% share of total exports. Germany, Croatia, Austria, Slovenia, Italy, Bulgaria, Serbia, Spain, Poland and the Netherlands lagged somewhat behind, together comprising a further 34%.

Among the main countries of destination, Spain, with a CAGR of +50.6%, recorded 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

The average office supply export price stood at $X per ton in 2022, reducing by -2.8% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, office supply export price increased by +2.0% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of 79%. The export price peaked at $X per ton in 2021, and then contracted slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Spain ($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 (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Office Supply Imports

Imports into Hungary

In 2022, approx. X tons of office or school supplies of plastics were imported into Hungary; approximately reflecting the year before. Overall, imports showed a noticeable descent. The growth pace was the most rapid in 2014 with an increase of 12%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, office supply imports dropped dramatically to $X in 2022. Over the period under review, imports saw a slight shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 16%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Turkey (X tons) and Poland (X tons) were the main suppliers of office supply imports to Hungary, with a combined 60% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +53.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest office supply suppliers to Hungary were China ($X), Germany ($X) and Turkey ($X), with a combined 52% share of total imports.

Turkey, with a CAGR of +45.3%, 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

The average office supply import price stood at $X per ton in 2022, falling by -18.3% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, office supply import price decreased by -19.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 18%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Belgium ($X per ton), while the price for Hong Kong SAR ($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 (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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