Hungary: Market for Plastic Shutters And Blinds 2024

Market Size for Plastic Shutters And Blinds in Hungary

The Hungarian plastic shutters and blinds market fell to $X in 2022, waning by -10.7% against the previous year. In general, consumption, however, recorded a buoyant increase. Plastic shutters and blinds consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Plastic Shutters And Blinds in Hungary

In value terms, plastic shutters and blinds production fell significantly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2014 when the production volume increased by 83%. Over the period under review, production hit record highs at $X in 2021, and then contracted remarkably in the following year.

Exports of Plastic Shutters And Blinds

Exports from Hungary

In 2022, shipments abroad of plastic shutters and blinds increased by 17% to X units, rising for the third consecutive year after three years of decline. In general, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.4% 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 +43.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 26% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, plastic shutters and blinds exports surged to $X in 2022. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.8% 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 +82.9% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of 46% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Romania (X units), Germany (X units) and Austria (X units) were the main destinations of plastic shutters and blinds exports from Hungary, with a combined 78% share of total exports. Croatia, Slovakia, Serbia and Switzerland lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +18.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic shutters and blinds exported from Hungary were Germany ($X), Romania ($X) and Austria ($X), with a combined 80% share of total exports. Slovakia, Croatia, Switzerland and Serbia lagged somewhat behind, together comprising a further 15%.

Among the main countries of destination, Slovakia, with a CAGR of +17.3%, saw the highest rates of growth with regard to 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

In 2022, the average plastic shutters and blinds export price amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic shutters and blinds export price increased by +46.0% against 2014 indices. The growth pace was the most rapid in 2014 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then shrank slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Serbia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Shutters And Blinds

Imports into Hungary

Plastic shutters and blinds imports into Hungary fell to X units in 2022, which is down by -8.4% on 2021. Overall, imports, however, recorded significant growth. The growth pace was the most rapid in 2013 when imports increased by 115% against the previous year. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, plastic shutters and blinds imports shrank slightly to $X in 2022. Over the period under review, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 77%. Over the period under review, imports attained the peak figure at $X in 2021, and then declined modestly in the following year.

Imports by Country

Poland (X units), Austria (X units) and the Czech Republic (X units) were the main suppliers of plastic shutters and blinds imports to Hungary, with a combined 84% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +57.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic shutters and blinds suppliers to Hungary were Poland ($X), Germany ($X) and Austria ($X), with a combined 84% share of total imports.

Among the main suppliers, Poland, with a CAGR of +38.3%, recorded the highest rates of growth with regard to 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 shutters and blinds import price amounted to $X per unit, surging by 6.1% against the previous year. In general, the import price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2017 an increase of 13% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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