Hungary: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in Hungary

In 2021, the Hungarian lamp plastic parts market decreased by -18.1% to $X, falling for the third year in a row after two years of growth. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Lamp Plastic Parts Production in Hungary

In value terms, lamp plastic parts production fell remarkably to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 59%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Lamp Plastic Parts Exports

Exports from Hungary

In 2021, the amount of plastic parts for lamps and lighting fittings exported from Hungary rose markedly to X tons, increasing by 11% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when exports increased by 20% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, lamp plastic parts exports rose remarkably to $X in 2021. In general, total exports indicated prominent growth 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. Based on 2021 figures, exports increased by +65.4% against 2017 indices. The growth pace was the most rapid in 2019 with an increase of 42%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), Poland (X tons) and Romania (X tons) were the main destinations of lamp plastic parts exports from Hungary, with a combined 85% share of total exports. These countries were followed by Spain, Italy, Belgium, Slovakia and India, which together accounted for a further 8.5%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +138.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Spain ($X) appeared to be the largest markets for lamp plastic parts exported from Hungary worldwide, together accounting for 77% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +130.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lamp plastic parts export price stood at $X per ton in 2021, stabilizing at the previous year. Overall, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lamp plastic parts export price increased by +64.8% against 2015 indices. The growth pace was the most rapid in 2019 when the average export price increased by 18% against the previous year. The export price peaked at $X per ton in 2020, and then dropped slightly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to India ($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 (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Plastic Parts Imports

Imports into Hungary

In 2021, overseas purchases of plastic parts for lamps and lighting fittings increased by 0.1% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded moderate growth. The most prominent rate of growth was recorded in 2014 when imports increased by 55%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, lamp plastic parts imports expanded slightly to $X in 2021. Overall, imports showed strong growth. The growth pace was the most rapid in 2014 with an increase of 36% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Austria (X tons) and France (X tons) were the main suppliers of lamp plastic parts imports to Hungary, together accounting for 59% of total imports. Germany, Italy, South Africa, the Czech Republic and Slovakia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +35.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lamp plastic parts suppliers to Hungary were China ($X), France ($X) and Germany ($X), together comprising 48% of total imports. These countries were followed by Austria, Italy, Slovakia, South Africa and the Czech Republic, which together accounted for a further 28%.

South Africa, with a CAGR of +21.2%, recorded the highest rates of growth with regard to 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

In 2021, the average lamp plastic parts import price amounted to $X per ton, with an increase of 4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. The pace of growth was the most pronounced in 2020 when the average import price increased by 37%. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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