Hungary: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in Hungary

The Hungarian market for ready-mixed concrete and factory made mortars reduced remarkably to $X in 2022, waning by X% against the previous year. In general, consumption, however, enjoyed a temperate expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Ready-Mixed Concrete And Factory Made Mortars in Hungary

In value terms, production of ready-mixed concrete and factory made mortars declined sharply to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production of reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports from Hungary

In 2022, overseas shipments of ready-mixed concrete and factory made mortars decreased by X% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports of attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of ready-mixed concrete and factory made mortars expanded to $X in 2022. In general, exports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Slovakia (X tons) was the main destination for exports of ready-mixed concrete and factory made mortars from Hungary, accounting for a X% share of total exports. Moreover, exports of ready-mixed concrete and factory made mortars to Slovakia exceeded the volume sent to the second major destination, Slovenia (X tons), fivefold. Croatia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Slovakia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Croatia (X% per year).

In value terms, Slovakia ($X) remains the key foreign market for ready-mixed concrete and factory made mortars exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Slovakia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Romania (X% per year).

Export Prices by Country

In 2022, the average export price for ready-mixed concrete and factory made mortars amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports into Hungary

Imports of ready-mixed concrete and factory made mortars into Hungary reached X tons in 2022, growing by X% compared with the previous year's figure. Overall, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of ready-mixed concrete and factory made mortars declined to $X in 2022. Over the period under review, imports showed a resilient expansion. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports of hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Romania (X tons) constituted the largest ready-mixed concrete and factory made mortar supplier to Hungary, accounting for a X% share of total imports. Moreover, imports of ready-mixed concrete and factory made mortars from Romania exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was held by Croatia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Romania amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Croatia (X% per year).

In value terms, Poland ($X), Romania ($X) and Italy ($X) constituted the largest ready-mixed concrete and factory made mortar suppliers to Hungary, with a combined X% share of total imports. Germany, the Czech Republic, Austria, Croatia and Slovakia lagged somewhat behind, together comprising a further X%.

Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 ready-mixed concrete and factory made mortars amounted to $X per ton, dropping by X% against the previous year. In general, the import price saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Germany ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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