Hungary: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Hungary

The Hungarian market for rigid tubes, pipes and hoses of polymers of vinyl chloride skyrocketed to $X in 2022, picking up by 30% against the previous year. Overall, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +46.5% against 2020 indices. Vinyl chloride polymer rigid pipes consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Hungary

In value terms, vinyl chloride polymer rigid pipes production soared to $X in 2022 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +38.8% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by 26%. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the near future.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Hungary

In 2022, shipments abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -22.5% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, total exports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 39%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped sharply in the following year.

In value terms, vinyl chloride polymer rigid pipes exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 64%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Slovakia (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from Hungary, with a 40% share of total exports. Moreover, vinyl chloride polymer rigid pipes exports to Slovakia exceeded the volume sent to the second major destination, Austria (X tons), twofold. Croatia (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia amounted to +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+105.8% per year) and Croatia (-5.6% per year).

In value terms, the largest markets for vinyl chloride polymer rigid pipes exported from Hungary were Slovakia ($X), Austria ($X) and Romania ($X), together accounting for 61% of total exports.

Among the main countries of destination, Austria, with a CAGR of +102.0%, 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 rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, jumping by 21% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes export price increased by +65.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 36%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Slovakia ($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 Serbia (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Hungary

Vinyl chloride polymer rigid pipes imports into Hungary surged to X tons in 2022, picking up by 31% against the previous year. Overall, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 67%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, vinyl chloride polymer rigid pipes imports amounted to $X in 2022. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 60% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Italy (X tons) constituted the largest vinyl chloride polymer rigid pipes supplier to Hungary, accounting for a 50% share of total imports. Moreover, vinyl chloride polymer rigid pipes imports from Italy exceeded the figures recorded by the second-largest supplier, Serbia (X tons), twofold. Romania (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +27.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+3.7% per year) and Romania (+13.4% per year).

In value terms, Italy ($X), Serbia ($X) and France ($X) appeared to be the largest vinyl chloride polymer rigid pipes suppliers to Hungary, with a combined 71% share of total imports.

In terms of the main suppliers, France, with a CAGR of +62.4%, recorded the highest growth rate of 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

The average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, declining by -13.6% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes import price increased by +34.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 46%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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