Hungary: Plaits And Basketwork Market 2025

Plaits And Basketwork Market Size in Hungary

In 2022, the Hungarian plaits and basketwork market decreased by -0.2% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Plaits and basketwork consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Plaits And Basketwork Production in Hungary

In value terms, plaits and basketwork production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a dramatic slump. The pace of growth appeared the most rapid in 2018 when the production volume increased by 64%. Plaits and basketwork production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Plaits And Basketwork Exports

Exports from Hungary

Plaits and basketwork exports from Hungary soared to X tons in 2022, growing by 90% compared with the previous year. Overall, exports showed prominent growth. The growth pace was the most rapid in 2015 when exports increased by 148%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, plaits and basketwork exports soared to $X in 2022. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Germany (X tons) and Romania (X tons) were the main destinations of plaits and basketwork exports from Hungary, together accounting for 56% of total exports. Slovakia, Poland, Croatia, Bulgaria, the Netherlands, Austria, Switzerland and the Czech Republic lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +35.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Germany ($X) and Slovakia ($X) were the largest markets for plaits and basketwork exported from Hungary worldwide, together comprising 50% of total exports. Italy, Croatia, Bulgaria, Austria, Poland, the Czech Republic, the Netherlands and Switzerland lagged somewhat behind, together comprising a further 33%.

The Netherlands, with a CAGR of +44.6%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average plaits and basketwork export price amounted to $X per ton, waning by -2.1% against the previous year. Overall, the export price, however, saw resilient growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 69%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Switzerland ($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 (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Plaits And Basketwork Imports

Imports into Hungary

In 2022, purchases abroad of plaits, basketwork, wickerwork and similar products of plaiting materials increased by 64% to X tons, rising for the fifth year in a row after three years of decline. Overall, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 75% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, plaits and basketwork imports soared to $X in 2022. Over the period under review, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plaits and basketwork to Hungary, accounting for a 41% share of total imports. Moreover, plaits and basketwork imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+5.8% per year) and Germany (+4.9% per year).

In value terms, China ($X) constituted the largest supplier of plaits, basketwork, wickerwork and similar products of plaiting materials to Hungary, comprising 47% of total imports. The second position in the ranking was held by Poland ($X), with a 19% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+8.2% per year) and Germany (+12.2% per year).

Import Prices by Country

The average plaits and basketwork import price stood at $X per ton in 2022, picking up by 7.1% against the previous year. Over the period under review, the import price recorded a perceptible increase. The most prominent rate of growth was recorded in 2016 an increase of 130%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Austria ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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