Hungary: Market for PVC Floor, Wall and Ceiling Coverings 2024

Market Size for PVC Floor, Wall and Ceiling Coverings in Hungary

In 2022, the Hungarian market for PVC floor, wall and ceiling coverings increased by 13% to $X, rising for the third consecutive year after two years of decline. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +83.0% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Production of PVC Floor, Wall and Ceiling Coverings in Hungary

In value terms, production of PVC floor, wall and ceiling coverings expanded slightly to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible curtailment. The growth pace was the most rapid in 2016 with an increase of 24% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports from Hungary

Exports of PVC floor, wall and ceiling coverings from Hungary declined notably to X square meters in 2022, waning by -23.8% compared with the previous year's figure. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when exports increased by 4.4%. Over the period under review, the exports of hit record highs at X square meters in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of PVC floor, wall and ceiling coverings fell to $X in 2022. Over the period under review, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X square meters), Germany (X square meters) and Russia (X square meters) were the main destinations of exports of PVC floor, wall and ceiling coverings from Hungary, with a combined 25% share of total exports. Turkey, Spain, Slovakia, the Czech Republic, France, Italy, the UK, Ukraine, Israel and Morocco lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +18.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Romania ($X) and Spain ($X) were the largest markets for PVC floor, wall and ceiling coverings exported from Hungary worldwide, with a combined 24% share of total exports. Russia, the UK, France, Turkey, Slovakia, the Czech Republic, Italy, Ukraine, Israel and Morocco lagged somewhat behind, together comprising a further 41%.

In terms of the main countries of destination, Israel, with a CAGR of +20.0%, saw 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

In 2022, the average export price for PVC floor, wall and ceiling coverings amounted to $X per square meter, growing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per square meter), while the average price for exports to Turkey ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of PVC Floor, Wall and Ceiling Coverings

Imports into Hungary

In 2022, imports of PVC floor, wall and ceiling coverings into Hungary dropped to X square meters, reducing by -12% against the year before. Over the period under review, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. As a result, imports reached the peak of X square meters, and then dropped in the following year.

In value terms, imports of PVC floor, wall and ceiling coverings rose slightly to $X in 2022. In general, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 64%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X square meters), Poland (X square meters) and Germany (X square meters) were the main suppliers of imports of PVC floor, wall and ceiling coverings to Hungary, with a combined 52% share of total imports. Belgium, Serbia, Slovenia and the Czech Republic lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +109.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest PVC floor, wall and ceiling coverings suppliers to Hungary were Poland ($X), Germany ($X) and China ($X), together comprising 55% of total imports. Belgium, Serbia, Slovenia and the Czech Republic lagged somewhat behind, together accounting for a further 24%.

Slovenia, with a CAGR of +109.4%, recorded 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

In 2022, the average import price for PVC floor, wall and ceiling coverings amounted to $X per square meter, jumping by 16% against the previous year. Overall, the import price, however, recorded a slight curtailment. The import price peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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