Hungary: Market for Saw Logs And Veneer Logs (Coniferous) 2024

Market Size for Saw Logs And Veneer Logs (Coniferous) in Hungary

The Hungarian market for saw logs and veneer logs (coniferous) shrank to $X in 2021, with a decrease of -8.1% against the previous year. Over the period under review, consumption, however, enjoyed a buoyant expansion. Consumption of peaked at $X in 2020, and then declined in the following year.

Production of Saw Logs And Veneer Logs (Coniferous) in Hungary

In value terms, production of saw logs and veneer logs (coniferous) amounted to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 17% against the previous year. Production of peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports from Hungary

In 2021, overseas shipments of saw logs and veneer logs (coniferous) increased by 21% to X cubic meters for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2013 with an increase of 50%. As a result, the exports attained the peak of X cubic meters. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of saw logs and veneer logs (coniferous) skyrocketed to $X in 2021. Overall, exports, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2013 when exports increased by 45% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Austria (X cubic meters) was the main destination for exports of saw logs and veneer logs (coniferous) from Hungary, accounting for a 85% share of total exports. Moreover, exports of saw logs and veneer logs (coniferous) to Austria exceeded the volume sent to the second major destination, Romania (X cubic meters), more than tenfold. Slovakia (X cubic meters) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Austria amounted to -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+75.1% per year) and Slovakia (+38.9% per year).

In value terms, Austria ($X) remains the key foreign market for saw logs and veneer logs (coniferous) exports from Hungary, comprising 65% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 9% share of total exports. It was followed by Romania, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value to Austria amounted to -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+68.8% per year) and Romania (+71.7% per year).

Export Prices by Country

In 2021, the average export price for saw logs and veneer logs (coniferous) amounted to $X per cubic meter, with an increase of 11% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 14%. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Slovakia ($X per cubic meter), while the average price for exports to Austria ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+21.6%), while the prices for the other major destinations experienced a decline.

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports into Hungary

In 2021, imports of saw logs and veneer logs (coniferous) into Hungary shrank modestly to X cubic meters, falling by -3.7% compared with 2020. Over the period under review, imports, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2018 with an increase of 529%. As a result, imports reached the peak of X cubic meters. From 2019 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of saw logs and veneer logs (coniferous) soared to $X in 2021. In general, imports, however, recorded a notable expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 422% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Slovakia (X cubic meters) constituted the largest saw logs and veneer logs (coniferous) supplier to Hungary, with a 48% share of total imports. Moreover, imports of saw logs and veneer logs (coniferous) from Slovakia exceeded the figures recorded by the second-largest supplier, the Czech Republic (X cubic meters), twofold. Poland (X cubic meters) ranked third in terms of total imports with a 19% share.

From 2012 to 2021, the average annual growth rate of volume from Slovakia stood at +27.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+611.5% per year) and Poland (-13.4% per year).

In value terms, Slovakia ($X) constituted the largest supplier of saw logs and veneer logs (coniferous) to Hungary, comprising 51% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 20% share of total imports. It was followed by Poland, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Slovakia amounted to +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+712.7% per year) and Poland (-9.2% per year).

Import Prices by Country

In 2021, the average import price for saw logs and veneer logs (coniferous) amounted to $X per cubic meter, with an increase of 65% against the previous year. Over the period under review, the import price, however, showed a mild decline. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Ukraine ($X per cubic meter), while the price for Austria ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :