Hungary: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in Hungary

For the fourth year in a row, the Hungarian plastic reservoir market recorded growth in sales value, which increased by 18% to $X in 2022. Overall, consumption saw a resilient expansion. Plastic reservoir consumption peaked in 2022 and is expected to retain growth in the near future.

Plastic Reservoir Production in Hungary

In value terms, plastic reservoir production totaled $X in 2022 estimated in export price. Overall, production recorded a prominent increase. The pace of growth was the most pronounced in 2021 when the production volume increased by 88% against the previous year. Plastic reservoir production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Plastic Reservoir Exports

Exports from Hungary

After three years of growth, overseas shipments of plastic reservoirs, tanks and vats decreased by -33.8% to X tons in 2022. Over the period under review, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2015 with an increase of 54%. The exports peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, plastic reservoir exports dropped to $X in 2022. Overall, total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 58% against the previous year. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Germany (X tons), Romania (X tons) and France (X tons) were the main destinations of plastic reservoir exports from Hungary, together accounting for 70% of total exports. Serbia, Austria, Finland, Slovakia and Poland lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +440.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Romania ($X) constituted the largest markets for plastic reservoir exported from Hungary worldwide, with a combined 68% share of total exports. Austria, Serbia, Slovakia, Finland and Poland lagged somewhat behind, together comprising a further 20%.

Finland, with a CAGR of +528.5%, recorded the highest rates of growth with regard to 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 plastic reservoir export price stood at $X per ton in 2022, jumping by 29% against the previous year. Over the period under review, the export price, however, saw a perceptible reduction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Finland ($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 Finland (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Reservoir Imports

Imports into Hungary

In 2022, approx. X tons of plastic reservoirs, tanks and vats were imported into Hungary; with an increase of 19% against the previous year's figure. Over the period under review, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 147% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, plastic reservoir imports rose markedly to $X in 2022. Overall, imports saw strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by 118% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of plastic reservoir imports to Hungary, together accounting for 72% of total imports. Slovakia, Italy, the Czech Republic, Slovenia and France lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +46.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic reservoir suppliers to Hungary were Poland ($X), Germany ($X) and Italy ($X), together comprising 70% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +48.4%, saw the highest growth rate of 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

In 2022, the average plastic reservoir import price amounted to $X per ton, falling by -10.2% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic reservoir import price increased by +58.1% against 2018 indices. The pace of growth appeared the most rapid in 2020 an increase of 38%. The import price peaked at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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