Hungary: Plastic Support Market 2024

Plastic Support Market Size in Hungary

In 2022, the Hungarian plastic support market increased by 1.3% to $X, rising for the third consecutive year after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. Plastic support consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Plastic Support Production in Hungary

In value terms, plastic support production fell notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a precipitous setback. The growth pace was the most rapid in 2021 when the production volume increased by 68% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Plastic Support Exports

Exports from Hungary

In 2022, plastic support exports from Hungary fell to X tons, waning by -8.3% on 2021 figures. The total export volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 8.4% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined in the following year.

In value terms, plastic support exports reduced to $X in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Germany (X tons) was the main destination for plastic support exports from Hungary, accounting for a 25% share of total exports. Moreover, plastic support exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was taken by Romania (X tons), with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+10.2% per year) and Romania (+2.3% per year).

In value terms, Germany ($X) remains the key foreign market for spools, cops and similar supports of plastics exports from Hungary, comprising 25% of total exports. The second position in the ranking was taken by Italy ($X), with a 7.8% share of total exports. It was followed by Romania, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+8.5% per year) and Romania (+3.7% per year).

Export Prices by Country

The average plastic support export price stood at $X per ton in 2022, surging by 2.3% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 13%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Poland ($X per ton), while the average price for exports to South Korea ($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 Belgium (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Support Imports

Imports into Hungary

In 2022, approx. X tons of spools, cops and similar supports of plastics were imported into Hungary; surging by 1.9% against the previous year's figure. In general, imports continue to indicate a strong increase. The growth pace was the most rapid in 2020 with an increase of 28%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, plastic support imports totaled $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +25.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 24%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest plastic support supplier to Hungary, accounting for a 26% share of total imports. Moreover, plastic support imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The Czech Republic (X tons) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.0% per year) and the Czech Republic (+15.3% per year).

In value terms, Germany ($X) constituted the largest supplier of spools, cops and similar supports of plastics to Hungary, comprising 30% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.3% share of total imports. It was followed by France, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.2% per year) and France (-1.3% per year).

Import Prices by Country

In 2022, the average plastic support import price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price showed a mild downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 37% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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