Hungary: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2024

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Hungary

The Hungarian market for paint, distemper, varnish or similar brushes, paint pads and rollers rose rapidly to $X in 2021, picking up by 8.7% against the previous year. Overall, consumption continues to indicate a prominent increase. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Production of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Hungary

In value terms, production of paint, distemper, varnish or similar brushes, paint pads and rollers totaled $X in 2021 estimated in export price. Over the period under review, production faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports from Hungary

In 2021, exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Hungary was estimated at X units, approximately equating the previous year's figure. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2017 with an increase of 926% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers dropped dramatically to $X in 2021. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 435%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X units) was the main destination for exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Hungary, accounting for a 64% share of total exports. Moreover, exports of paint, distemper, varnish or similar brushes, paint pads and rollers to Slovakia exceeded the volume sent to the second major destination, Romania (X units), threefold. The third position in this ranking was held by Serbia (X units), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to Slovakia totaled +68.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+25.5% per year) and Serbia (+45.1% per year).

In value terms, Slovakia ($X), Romania ($X) and Croatia ($X) were the largest markets for paint, distemper, varnish or similar brush, paint pad and roller exported from Hungary worldwide, together accounting for 79% of total exports. These countries were followed by Serbia and the Netherlands, which together accounted for a further 4%.

The Netherlands, with a CAGR of +166.5%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average export price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, reducing by -39.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 135%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports into Hungary

In 2021, overseas purchases of paint, distemper, varnish or similar brushes, paint pads and rollers decreased by -0.4% to X units for the first time since 2017, thus ending a three-year rising trend. Overall, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 24%. Imports peaked at X units in 2020, and then shrank in the following year.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers expanded markedly to $X in 2021. Over the period under review, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2018 when imports increased by 33%. Over the period under review, imports of reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the Czech Republic (X units) constituted the largest supplier of paint, distemper, varnish or similar brush, paint pad and roller to Hungary, accounting for a 35% share of total imports. Moreover, imports of paint, distemper, varnish or similar brushes, paint pads and rollers from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. China (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic amounted to +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.2% per year) and China (+9.9% per year).

In value terms, the largest paint, distemper, varnish or similar brush, paint pad and roller suppliers to Hungary were Germany ($X), the Czech Republic ($X) and China ($X), together accounting for 65% of total imports. These countries were followed by Romania, Poland, Austria and Slovakia, which together accounted for a further 24%.

In terms of the main suppliers, Poland, with a CAGR of +20.4%, saw the highest rates of growth with regard to the value of imports, 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 import price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, growing by 9.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2017 an increase of 12%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform