Hungary: Drawing Board Market 2024

Drawing Board Market Size in Hungary

In 2022, the Hungarian drawing board market was finally on the rise to reach $X after four years of decline. Overall, consumption, however, saw a pronounced descent. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Drawing Board Production in Hungary

In value terms, drawing board production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt decrease. The growth pace was the most rapid in 2016 when the production volume increased by 35%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Drawing Board Exports

Exports from Hungary

In 2022, after two years of growth, there was significant decline in overseas shipments of slates and boards with writing or drawing surfaces, when their volume decreased by -7% to X units. The total export volume increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 18% against the previous year. The exports peaked at X units in 2021, and then contracted in the following year.

In value terms, drawing board exports rose notably to $X in 2022. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +101.4% against 2015 indices. The pace of growth was the most pronounced in 2018 with an increase of 24%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Germany (X units) was the main destination for drawing board exports from Hungary, with a 92% share of total exports. It was followed by Belgium (X units), with a 2.1% share of total exports. The Czech Republic (X units) ranked third in terms of total exports with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+60.4% per year) and the Czech Republic (+5.9% per year).

In value terms, Germany ($X) remains the key foreign market for slates and boards with writing or drawing surfaces exports from Hungary, comprising 90% of total exports. The second position in the ranking was taken by Belgium ($X), with a 2.2% share of total exports. It was followed by the Czech Republic, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+68.2% per year) and the Czech Republic (+5.1% per year).

Export Prices by Country

In 2022, the average drawing board export price amounted to $X per unit, with an increase of 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Romania ($X per unit) and the Czech Republic ($X per unit), while the average price for exports to Germany ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Drawing Board Imports

Imports into Hungary

Drawing board imports into Hungary rose notably to X units in 2022, growing by 8.8% on the previous year. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 32%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, drawing board imports expanded notably to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +16.5% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 67% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Turkey (X units) were the main suppliers of drawing board imports to Hungary, together accounting for 60% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +141.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Portugal ($X) appeared to be the largest drawing board suppliers to Hungary, together comprising 61% of total imports. Poland, Turkey, the Netherlands and Slovakia lagged somewhat behind, together comprising a further 28%.

Among the main suppliers, Turkey, with a CAGR of +138.8%, recorded 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

In 2022, the average drawing board import price amounted to $X per unit, shrinking by -3.1% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 30% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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