Hungary: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in Hungary

For the third consecutive year, the Hungarian sawnwood (coniferous) market recorded growth in sales value, which increased by 771% to $X in 2022. Over the period under review, consumption posted a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sawnwood (Coniferous) Production in Hungary

In value terms, sawnwood (coniferous) production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 18% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Sawnwood (Coniferous) Exports

Exports from Hungary

In 2022, the amount of sawnwood (coniferous) exported from Hungary fell remarkably to X cubic meters, waning by -66.9% compared with the year before. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of 51% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sawnwood (coniferous) exports fell dramatically to $X in 2022. In general, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of 45% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X cubic meters), Austria (X cubic meters) and Romania (X cubic meters) were the main destinations of sawnwood (coniferous) exports from Hungary, with a combined 91% share of total exports. Slovakia, Croatia and the Czech Republic lagged somewhat behind, together accounting for a further 8.1%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +16.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sawnwood (coniferous) exported from Hungary were Austria ($X), Italy ($X) and Romania ($X), with a combined 93% share of total exports. Slovakia, Croatia and the Czech Republic lagged somewhat behind, together comprising a further 5.4%.

Croatia, with a CAGR of +6.2%, saw the highest growth rate of the value of exports, among 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 sawnwood (coniferous) export price stood at $X per cubic meter in 2022, rising by 3.5% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per cubic meter), while the average price for exports to Slovakia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+13.1%), while the prices for the other major destinations experienced mixed trend patterns.

Sawnwood (Coniferous) Imports

Imports into Hungary

Sawnwood (coniferous) imports into Hungary skyrocketed to X cubic meters in 2022, picking up by 2,015% against 2021 figures. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sawnwood (coniferous) imports surged to $X in 2022. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Slovakia (X cubic meters), Ukraine (X cubic meters) and Austria (X cubic meters) were the main suppliers of sawnwood (coniferous) imports to Hungary, with a combined 76% share of total imports. Romania, Sweden, Poland, the Czech Republic, Germany, Bosnia and Herzegovina and Lithuania lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +126.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sawnwood (coniferous) suppliers to Hungary were Slovakia ($X), Ukraine ($X) and Austria ($X), together accounting for 74% of total imports. Romania, Sweden, the Czech Republic, Poland, Germany, Lithuania and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 20%.

In terms of the main suppliers, Bosnia and Herzegovina, with a CAGR of +124.0%, recorded the highest growth rate of 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 sawnwood (coniferous) import price stood at $X per cubic meter in 2022, approximately reflecting the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 73%. The import price peaked at $X per cubic meter 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 Austria ($X per cubic meter), while the price for Ukraine ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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