Hungary: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in Hungary

The Hungarian non-reinforced rubber tubing market was finally on the rise to reach $X in 2021, after three years of decline. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Non-Reinforced Rubber Tubing Production in Hungary

In value terms, non-reinforced rubber tubing production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2013 with an increase of 244% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Non-Reinforced Rubber Tubing Exports

Exports from Hungary

Non-reinforced rubber tubing exports from Hungary contracted notably to X tons in 2021, dropping by -29.2% on the previous year's figure. Over the period under review, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 8.1%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, non-reinforced rubber tubing exports reduced rapidly to $X in 2021. In general, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 24% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for non-reinforced rubber tubing exports from Hungary, with a 56% share of total exports. Moreover, non-reinforced rubber tubing exports to Spain exceeded the volume sent to the second major destination, Slovakia (X tons), eightfold. The third position in this ranking was held by Germany (X tons), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to +87.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+40.4% per year) and Germany (-31.4% per year).

In value terms, Spain ($X) remains the key foreign market for rubber tubing not reinforced exports from Hungary, comprising 26% of total exports. The second position in the ranking was held by Ukraine ($X), with an 11% share of total exports. It was followed by Austria, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +72.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+3.0% per year) and Austria (+2.9% per year).

Export Prices by Country

The average non-reinforced rubber tubing export price stood at $X per ton in 2021, with an increase of 9.3% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-reinforced rubber tubing export price decreased by -5.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 34%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Spain ($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 Belgium (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Reinforced Rubber Tubing Imports

Imports into Hungary

In 2021, the amount of rubber tubing not reinforced imported into Hungary rose rapidly to X tons, increasing by 12% compared with 2020 figures. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.1% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, non-reinforced rubber tubing imports expanded to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 25% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Poland (X tons) were the main suppliers of non-reinforced rubber tubing imports to Hungary, with a combined 75% share of total imports. These countries were followed by Spain, China, Japan, France, Italy and the Netherlands, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +48.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-reinforced rubber tubing suppliers to Hungary were the Czech Republic ($X), Germany ($X) and Poland ($X), together accounting for 73% of total imports. Japan, France, China, Spain, Italy and the Netherlands lagged somewhat behind, together comprising a further 17%.

Spain, with a CAGR of +21.5%, recorded the highest rates of growth with regard to 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

In 2021, the average non-reinforced rubber tubing import price amounted to $X per ton, with a decrease of -6.6% against the previous year. In general, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 8.4% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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