Hungary: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Hungary

In 2021, the Hungarian rubber tube and pipe market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption showed a perceptible expansion. Rubber tube and pipe consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in Hungary

In value terms, rubber tube and pipe production contracted markedly to $X in 2021 estimated in export price. In general, production recorded a pronounced downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 16% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Hungary

After three years of growth, overseas shipments of tubes, pipes and hoses of vulcanized rubber decreased by -24.4% to X tons in 2021. In general, exports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2020 with an increase of 211% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, rubber tube and pipe exports reduced to $X in 2021. Over the period under review, exports recorded a noticeable slump. The growth pace was the most rapid in 2014 when exports increased by 18% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for rubber tube and pipe exports from Hungary, accounting for a 41% share of total exports. Moreover, rubber tube and pipe exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), sevenfold. The third position in this ranking was held by Brazil (X tons), with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-2.5% per year) and Brazil (+36.3% per year).

In value terms, Germany ($X) remains the key foreign market for tubes, pipes and hoses of vulcanized rubber exports from Hungary, comprising 37% of total exports. The second position in the ranking was held by the UK ($X), with a 6.2% share of total exports. It was followed by the United States, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at -6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-0.9% per year) and the United States (-5.2% per year).

Export Prices by Country

The average rubber tube and pipe export price stood at $X per ton in 2021, jumping by 17% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 343% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Hungary

In 2021, supplies from abroad of tubes, pipes and hoses of vulcanized rubber increased by 5.2% to X tons, rising for the third consecutive year after three years of decline. In general, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 350%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, rubber tube and pipe imports rose sharply to $X in 2021. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 37%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of rubber tube and pipe to Hungary, with a 34% share of total imports. Moreover, rubber tube and pipe imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+12.5% per year) and the Czech Republic (+4.0% per year).

In value terms, Germany ($X) constituted the largest supplier of tubes, pipes and hoses of vulcanized rubber to Hungary, comprising 41% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with an 8.7% share of total imports. It was followed by Bulgaria, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+7.4% per year) and Bulgaria (+85.4% per year).

Import Prices by Country

The average rubber tube and pipe import price stood at $X per ton in 2021, growing by 9.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 271% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, 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 Turkey ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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