Hungary: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Hungary

The Hungarian cement prefabricated structural components market rose sharply to $X in 2021, picking up by 5.5% against the previous year. The market value increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Cement prefabricated structural components consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Hungary

In value terms, cement prefabricated structural components production expanded notably to $X in 2021 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 30% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports from Hungary

In 2021, exports of prefabricated structural components of cement, concrete or artificial stone from Hungary skyrocketed to X tons, jumping by 21% compared with the previous year's figure. Over the period under review, exports saw resilient growth. The growth pace was the most rapid in 2019 when exports increased by 77% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, cement prefabricated structural components exports soared to $X in 2021. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 121%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Austria (X tons) was the main destination for cement prefabricated structural components exports from Hungary, with a 84% share of total exports. Moreover, cement prefabricated structural components exports to Austria exceeded the volume sent to the second major destination, Slovakia (X tons), more than tenfold. Romania (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Austria stood at +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+5.7% per year) and Romania (+6.4% per year).

In value terms, Austria ($X) remains the key foreign market for prefabricated structural components of cement, concrete or artificial stone exports from Hungary, comprising 86% of total exports. The second position in the ranking was held by Slovakia ($X), with a 6.4% share of total exports. It was followed by Romania, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value to Austria stood at +20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+5.4% per year) and Romania (+4.0% per year).

Export Prices by Country

In 2021, the average cement prefabricated structural components export price amounted to $X per ton, approximately equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2019 an increase of 25%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Austria ($X per ton) and Bulgaria ($X per ton), while the average price for exports to Slovakia ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports into Hungary

In 2021, purchases abroad of prefabricated structural components of cement, concrete or artificial stone decreased by -8.2% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2019 with an increase of 282%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cement prefabricated structural components imports reached $X in 2021. Over the period under review, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 162% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Slovakia (X tons) constituted the largest cement prefabricated structural components supplier to Hungary, with a 61% share of total imports. Moreover, cement prefabricated structural components imports from Slovakia exceeded the figures recorded by the second-largest supplier, Romania (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Slovakia amounted to +38.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+46.8% per year) and Germany (+30.5% per year).

In value terms, Slovakia ($X) constituted the largest supplier of prefabricated structural components of cement, concrete or artificial stone to Hungary, comprising 48% of total imports. The second position in the ranking was held by Romania ($X), with a 19% share of total imports. It was followed by Germany, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from Slovakia stood at +43.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+54.9% per year) and Germany (+33.1% per year).

Import Prices by Country

The average cement prefabricated structural components import price stood at $X per ton in 2021, surging by 20% against the previous year. Overall, the import price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of 53% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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