Hungary: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Hungary

The Hungarian ethylene polymer rigid pipes market surged to $X in 2021, jumping by 29% against the previous year. Over the period under review, consumption enjoyed a strong increase. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Hungary

In value terms, ethylene polymer rigid pipes production surged to $X in 2021 estimated in export price. Overall, production enjoyed resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 47% against the previous year. Over the period under review, production hit record highs in 2021 and is expected to retain growth in years to come.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Hungary

For the eighth consecutive year, Hungary recorded growth in overseas shipments of rigid tubes, pipes and hoses of polymers of ethylene, which increased by 23% to X tons in 2021. In general, exports showed a significant increase. The growth pace was the most rapid in 2015 with an increase of 46% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, ethylene polymer rigid pipes exports surged to $X in 2021. Overall, exports saw a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for ethylene polymer rigid pipes exports from Hungary, with a 57% share of total exports. Moreover, ethylene polymer rigid pipes exports to France exceeded the volume sent to the second major destination, Austria (X tons), sixfold. The third position in this ranking was held by Germany (X tons), with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +129.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+0.0% per year) and Germany (+11.1% per year).

In value terms, France ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of ethylene exports from Hungary, comprising 43% of total exports. The second position in the ranking was held by Austria ($X), with a 12% share of total exports. It was followed by Slovakia, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +88.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+3.6% per year) and Slovakia (+23.0% per year).

Export Prices by Country

In 2021, the average ethylene polymer rigid pipes export price amounted to $X per ton, with an increase of 32% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, 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 Poland ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Hungary

In 2021, approx. X tons of rigid tubes, pipes and hoses of polymers of ethylene were imported into Hungary; growing by 53% against 2020. In general, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ethylene polymer rigid pipes imports surged to $X in 2021. Over the period under review, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Poland (X tons) and Romania (X tons) were the main suppliers of ethylene polymer rigid pipes imports to Hungary, together accounting for 56% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +107.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Italy ($X) appeared to be the largest ethylene polymer rigid pipes suppliers to Hungary, together accounting for 59% of total imports. Romania, Serbia, Croatia, Israel, Austria, the Czech Republic, Slovakia and Denmark lagged somewhat behind, together comprising a further 32%.

Romania, with a CAGR of +89.5%, saw 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

The average ethylene polymer rigid pipes import price stood at $X per ton in 2021, with a decrease of -3.7% against the previous year. In general, the import price recorded a perceptible descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 27%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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