Hungary: Sack And Bag Market 2024

Sack And Bag Market Size in Hungary

The Hungarian sack and bag market shrank to $X in 2022, reducing by X% against the previous year. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. As a result, consumption attained the peak level of $X, and then declined in the following year.

Sack And Bag Production in Hungary

In value terms, sack and bag production declined slightly to $X in 2022 estimated in export price. Overall, production, however, showed strong growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Sack And Bag Exports

Exports from Hungary

In 2022, after four years of growth, there was decline in overseas shipments of sacks and bags, when their volume decreased by X% to X tons. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, sack and bag exports shrank to $X in 2022. In general, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% 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 somewhat lower figure.

Exports by Country

Belgium (X tons), France (X tons) and Austria (X tons) were the main destinations of sack and bag exports from Hungary, with a combined X% share of total exports. Germany, Slovakia, South Africa, the Czech Republic, Switzerland, Poland, Italy and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

In value terms, France ($X), Austria ($X) and Belgium ($X) constituted the largest markets for sack and bag exported from Hungary worldwide, with a combined X% share of total exports. Germany, Slovakia, Switzerland, South Africa, the Czech Republic, Italy, Poland and the Netherlands lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, 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

In 2022, the average sack and bag export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

Sack And Bag Imports

Imports into Hungary

In 2022, after three years of growth, there was significant decline in overseas purchases of sacks and bags, when their volume decreased by X% to X tons. Overall, imports, however, showed a measured expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, sack and bag imports reduced to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

In 2022, Romania (X tons) constituted the largest sack and bag supplier to Hungary, accounting for a X% share of total imports. Moreover, sack and bag imports from Romania exceeded the figures recorded by the second-largest supplier, Bangladesh (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Romania amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Germany (X% per year).

In value terms, the largest sack and bag suppliers to Hungary were Romania ($X), Germany ($X) and Ukraine ($X), with a combined X% share of total imports. Bangladesh, China, Turkey, India, Italy, Slovenia, Slovakia and Indonesia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Bangladesh, with a CAGR of X%, 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 sack and bag import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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