Hungary: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Hungary

The Hungarian coniferous roundwood market totaled $X in 2022, with an increase of 3.2% against the previous year. Over the period under review, consumption continues to indicate a measured expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Coniferous Roundwood Production in Hungary

In value terms, coniferous roundwood production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 17% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Coniferous Roundwood Exports

Exports from Hungary

In 2022, approx. X cubic meters of roundwood (coniferous) were exported from Hungary; stabilizing at 2021 figures. In general, exports saw a pronounced decrease. The pace of growth appeared the most rapid in 2013 when exports increased by 50%. As a result, the exports attained the peak of X cubic meters. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, coniferous roundwood exports shrank to $X in 2022. Overall, exports recorded a pronounced decline. The pace of growth was the most pronounced in 2013 with an increase of 45% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Austria (X cubic meters) was the main destination for coniferous roundwood exports from Hungary, with a 80% share of total exports. Moreover, coniferous roundwood exports to Austria exceeded the volume sent to the second major destination, Romania (X cubic meters), ninefold. The third position in this ranking was taken by Bosnia and Herzegovina (X cubic meters), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria totaled -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+75.8% per year) and Bosnia and Herzegovina (+52.0% per year).

In value terms, Austria ($X) remains the key foreign market for roundwood (coniferous) exports from Hungary, comprising 55% of total exports. The second position in the ranking was taken by Germany ($X), with a 22% share of total exports. It was followed by Romania, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Austria totaled -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+35.4% per year) and Romania (+74.0% per year).

Export Prices by Country

The average coniferous roundwood export price stood at $X per cubic meter in 2022, remaining relatively unchanged against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 14% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Germany ($X per cubic meter), while the average price for exports to Austria ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Coniferous Roundwood Imports

Imports into Hungary

In 2022, coniferous roundwood imports into Hungary was estimated at X cubic meters, surging by 6.6% against the year before. Over the period under review, imports enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 528% against the previous year. As a result, imports reached the peak of X cubic meters. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, coniferous roundwood imports skyrocketed to $X in 2022. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 422%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The Czech Republic (X cubic meters), Slovakia (X cubic meters) and Germany (X cubic meters) were the main suppliers of coniferous roundwood imports to Hungary, with a combined 89% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +436.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest coniferous roundwood suppliers to Hungary were the Czech Republic ($X), Slovakia ($X) and Germany ($X), with a combined 90% share of total imports.

Among the main suppliers, the Czech Republic, with a CAGR of +561.8%, saw the highest rates of growth with regard to 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 coniferous roundwood import price stood at $X per cubic meter in 2022, surging by 55% against the previous year. Over the period under review, the import price posted perceptible growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 65% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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 Romania ($X per cubic meter), while the price for Austria ($X per cubic 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 (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :