Hungary: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Hungary

The Hungarian market for plastic hoses and hose fittings skyrocketed to $X in 2021, increasing by 29% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Production of Plastic Hoses and Hose Fittings in Hungary

In value terms, plastic hose and hose fitting production fell notably to $X in 2021 estimated in export price. Over the period under review, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 174% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from Hungary

In 2021, shipments abroad of plastic hoses and hose fittings increased by 8.4% to X tons, rising for the sixth consecutive year after three years of decline. In general, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 40% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, plastic hose and hose fitting exports soared to $X in 2021. Overall, exports recorded a remarkable increase. The growth pace was the most rapid in 2016 when exports increased by 26%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

Romania (X tons), Germany (X tons) and Belgium (X tons) were the main destinations of plastic hose and hose fitting exports from Hungary, together comprising 51% of total exports. Poland, Ukraine, Slovakia, Serbia, France, Italy, North Macedonia, the Czech Republic, Austria and the UK lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were recorded for North Macedonia (with a CAGR of +174.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Ukraine ($X) and Romania ($X) appeared to be the largest markets for plastic hose and hose fitting exported from Hungary worldwide, with a combined 49% share of total exports. Serbia, Poland, Belgium, Slovakia, North Macedonia, the Czech Republic, Italy, France, Austria and the UK lagged somewhat behind, together accounting for a further 35%.

North Macedonia, with a CAGR of +166.7%, 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

The average export price for plastic hoses and hose fittings stood at $X per ton in 2021, surging by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Ukraine ($X per ton), while the average price for exports to Romania ($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 Serbia (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Hungary

In 2021, the amount of plastic hoses and hose fittings imported into Hungary rose markedly to X tons, growing by 8.5% compared with the previous year's figure. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 19%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, plastic hose and hose fitting imports soared to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), France (X tons) and the UK (X tons) were the main suppliers of plastic hose and hose fitting imports to Hungary, together accounting for 51% of total imports. These countries were followed by Italy, Romania, Poland, Sweden, the Czech Republic, Switzerland, China, Austria, Slovakia and Belgium, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +38.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the UK ($X) constituted the largest plastic hose and hose fitting suppliers to Hungary, with a combined 54% share of total imports. Romania, the Czech Republic, Italy, Poland, Sweden, China, Austria, Slovakia, Switzerland and Belgium lagged somewhat behind, together comprising a further 37%.

Romania, with a CAGR of +33.5%, saw the highest growth rate of 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 import price for plastic hoses and hose fittings stood at $X per ton in 2021, jumping by 17% against the previous year. In general, the import price, however, recorded a perceptible shrinkage. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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