Hungary: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Hungary

The Hungarian metal-reinforced rubber hose market contracted dramatically to $X in 2022, dropping by -17.4% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +10.3% against 2020 indices. Metal-reinforced rubber hose consumption peaked at $X in 2021, and then fell dramatically in the following year.

Metal-Reinforced Rubber Hose Production in Hungary

In value terms, metal-reinforced rubber hose production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by 300%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the immediate term.

Metal-Reinforced Rubber Hose Exports

Exports from Hungary

In 2022, exports of rubber hose reinforced with metal from Hungary surged to X tons, picking up by 28% against the previous year's figure. In general, exports, however, recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 151% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, metal-reinforced rubber hose exports surged to $X in 2022. Overall, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2013 when exports increased by 415%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Romania (X tons), Ukraine (X kg) and Serbia (X kg) were the main destinations of metal-reinforced rubber hose exports from Hungary, with a combined 71% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +14.0%), while the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) remains the key foreign market for rubber hose reinforced with metal exports from Hungary, comprising 45% of total exports. The second position in the ranking was taken by Germany ($X), with an 18% share of total exports. It was followed by Romania, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ukraine totaled +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.8% per year) and Romania (+8.1% per year).

Export Prices by Country

In 2022, the average metal-reinforced rubber hose export price amounted to $X per ton, surging by 24% against the previous year. Overall, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2013 an increase of 245% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Serbia ($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 Germany (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports into Hungary

Metal-reinforced rubber hose imports into Hungary contracted to X tons in 2022, which is down by -4.6% compared with the previous year's figure. In general, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.4% against 2018 indices. The pace of growth appeared the most rapid in 2015 with an increase of 46%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, metal-reinforced rubber hose imports fell to $X in 2022. The total import value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 31% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Italy (X tons) and China (X tons) were the main suppliers of metal-reinforced rubber hose imports to Hungary, with a combined 59% share of total imports. Germany, the Netherlands, Poland, Romania, Slovakia, Austria and the Czech Republic lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +79.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal-reinforced rubber hose suppliers to Hungary were Italy ($X), Germany ($X) and Spain ($X), together comprising 47% of total imports. China, Slovakia, the Czech Republic, the Netherlands, Poland, Romania and Austria lagged somewhat behind, together accounting for a further 43%.

Poland, with a CAGR of +78.5%, 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 metal-reinforced rubber hose import price stood at $X per ton in 2022, waning by -4.7% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 22% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 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 the Czech Republic ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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