Hungary: Paper And Paperboard Market 2024

Paper And Paperboard Market Size in Hungary

The Hungarian paper and paperboard market fell to $X in 2022, with a decrease of -13.1% against the previous year. Over the period under review, consumption, however, continues to indicate a resilient increase. Over the period under review, the market attained the peak level at $X in 2021, and then shrank in the following year.

Paper And Paperboard Production in Hungary

In value terms, paper and paperboard production dropped slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 49% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Paper And Paperboard Exports

Exports from Hungary

In 2022, approx. X tons of paper and paperboard (creped, crinkled, embossed or perforated) were exported from Hungary; which is down by -37.3% against 2021 figures. In general, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 134%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, paper and paperboard exports fell rapidly to $X in 2022. Overall, exports recorded a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 140% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Austria (X tons), Slovakia (X tons) and Germany (X tons) were the main destinations of paper and paperboard exports from Hungary, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +19.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Austria ($X), Slovakia ($X) and Germany ($X) constituted the largest markets for paper and paperboard exported from Hungary worldwide, with a combined 95% share of total exports. The Czech Republic lagged somewhat behind, accounting for a further 0.9%.

The Czech Republic, with a CAGR of +12.6%, recorded 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 mixed trend patterns.

Export Prices by Country

The average paper and paperboard export price stood at $X per ton in 2022, surging by 23% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paper and paperboard export price increased by +68.2% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 25%. The export price peaked in 2022 and is expected to retain growth in the near future.

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 the Czech Republic ($X per ton), while the average price for exports to Germany ($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 Austria (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.

Paper And Paperboard Imports

Imports into Hungary

In 2022, the amount of paper and paperboard (creped, crinkled, embossed or perforated) imported into Hungary reduced notably to X tons, waning by -67.9% on the previous year's figure. Overall, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 362% against the previous year. As a result, imports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, paper and paperboard imports fell dramatically to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 237%. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

Italy (X tons), Poland (X tons) and Luxembourg (X tons) were the main suppliers of paper and paperboard imports to Hungary, with a combined 90% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +145.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest paper and paperboard suppliers to Hungary were Italy ($X), Poland ($X) and Germany ($X), with a combined 75% share of total imports.

Among the main suppliers, Poland, with a CAGR of +104.3%, recorded 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

The average paper and paperboard import price stood at $X per ton in 2022, rising by 67% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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