Hungary: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Hungary

In 2021, the Hungarian market for plastic fittings for tubes, pipes and hoses was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Hungary

In value terms, production of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Hungary

In 2021, approx. X tons of plastic fittings for tubes, pipes and hoses were exported from Hungary; increasing by 7% on the year before. In general, exports posted a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 33%. Over the period under review, the exports of reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of plastic fittings for tubes, pipes and hoses surged to $X in 2021. Over the period under review, exports saw buoyant growth. The growth pace was the most rapid in 2017 when exports increased by 65%. Over the period under review, the exports of reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Romania (X tons), Germany (X tons) and Slovakia (X tons) were the main destinations of exports of plastic fittings for tubes, pipes and hoses from Hungary, together comprising 62% of total exports. These countries were followed by Belgium, the Czech Republic, Croatia, Serbia, Bulgaria, Poland, Ukraine, the Netherlands, Russia and Austria, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +107.4%), 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 plastic fittings for tubes, pipes and hoses exported from Hungary worldwide, together comprising 47% of total exports. Belgium, the Czech Republic, Croatia, Ukraine, Serbia, Poland, Bulgaria, the Netherlands, Austria and Russia lagged somewhat behind, together accounting for a further 37%.

Belgium, with a CAGR of +127.0%, recorded the highest growth rate of the value of exports, in terms of 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

The average export price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, rising by 21% against the previous year. In general, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by 45%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per ton), while the average price for exports to Romania ($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 Belgium (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Hungary

In 2021, imports of plastic fittings for tubes, pipes and hoses into Hungary dropped modestly to X tons, with a decrease of -4.7% compared with the year before. Overall, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +21.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 27%. As a result, imports reached the peak of X tons, and then shrank modestly in the following year.

In value terms, imports of plastic fittings for tubes, pipes and hoses soared to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 24%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of imports of plastic fittings for tubes, pipes and hoses to Hungary, together comprising 64% of total imports. These countries were followed by the Czech Republic, Serbia, Austria and Slovakia, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +33.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of plastic fittings for tubes, pipes and hoses to Hungary, comprising 46% of total imports. The second position in the ranking was taken by Austria ($X), with an 8.9% share of total imports. It was followed by Poland, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+8.4% per year) and Poland (+10.1% per year).

Import Prices by Country

The average import price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, rising by 26% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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