Hungary: Textile Rubber Hose Market 2024

Textile Rubber Hose Market Size in Hungary

The Hungarian textile rubber hose market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Textile Rubber Hose Production in Hungary

In value terms, textile rubber hose production totaled $X in 2021 estimated in export price. Over the period under review, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -30.9% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 17% against the previous year. Textile rubber hose production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Textile Rubber Hose Exports

Exports from Hungary

In 2021, overseas shipments of rubber hose reinforced with textiles decreased by -39.7% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 59%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, textile rubber hose exports dropped rapidly to $X in 2021. Over the period under review, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 34%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for textile rubber hose exports from Hungary, with a 42% share of total exports. Moreover, textile rubber hose exports to Germany exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by Slovakia (X tons), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+9.3% per year) and Slovakia (+30.2% per year).

In value terms, the largest markets for textile rubber hose exported from Hungary were China ($X), Germany ($X) and Romania ($X), together accounting for 67% of total exports. These countries were followed by Slovakia, Spain, Serbia, Turkey, Belgium, the UK, France, the Netherlands and the United States, which together accounted for a further 21%.

Turkey, with a CAGR of +142.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average textile rubber hose export price stood at $X per ton in 2021, increasing by 11% against the previous year. In general, the export price, however, continues to indicate a pronounced descent. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Netherlands ($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 China (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Rubber Hose Imports

Imports into Hungary

In 2021, supplies from abroad of rubber hose reinforced with textiles was finally on the rise to reach X tons after four years of decline. In general, imports recorded pronounced growth. The pace of growth appeared the most rapid in 2015 when imports increased by 80%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, textile rubber hose imports surged to $X in 2021. Overall, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 57%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest textile rubber hose supplier to Hungary, with a 46% share of total imports. Moreover, textile rubber hose imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was taken by Slovenia (X tons), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+10.6% per year) and Slovenia (+22.8% per year).

In value terms, Germany ($X) constituted the largest supplier of rubber hose reinforced with textiles to Hungary, comprising 57% of total imports. The second position in the ranking was held by Slovenia ($X), with a 6.3% share of total imports. It was followed by Poland, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+27.7% per year) and Poland (+7.3% per year).

Import Prices by Country

The average textile rubber hose import price stood at $X per ton in 2021, with an increase of 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2013 when the average import price increased by 29% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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