Hungary: Enamels And Glazes Market 2024

Enamels And Glazes Market Size in Hungary

In 2021, the Hungarian enamels and glazes market increased by 17% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Enamels and glazes consumption peaked in 2021 and is likely to see steady growth in years to come.

Enamels And Glazes Exports

Exports from Hungary

In 2021, shipments abroad of vitrifiable enamels and glazes for ceramics, enamelling or glass increased by 47% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed mild growth. The pace of growth appeared the most rapid in 2017 when exports increased by 111%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, enamels and glazes exports skyrocketed to $X in 2021. In general, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 82%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Romania (X tons) was the main destination for enamels and glazes exports from Hungary, accounting for a 58% share of total exports. Moreover, enamels and glazes exports to Romania exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was held by Croatia (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Romania totaled +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+19.9% per year) and Croatia (+48.7% per year).

In value terms, Romania ($X) remains the key foreign market for vitrifiable enamels and glazes for ceramics, enamelling or glass exports from Hungary, comprising 60% of total exports. The second position in the ranking was held by Germany ($X), with a 15% share of total exports. It was followed by the Czech Republic, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to Romania stood at +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+54.6% per year) and the Czech Republic (+344.1% per year).

Export Prices by Country

The average enamels and glazes export price stood at $X per ton in 2021, with an increase of 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.8%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Slovenia ($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 Germany (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.

Enamels And Glazes Imports

Imports into Hungary

In 2021, supplies from abroad of vitrifiable enamels and glazes for ceramics, enamelling or glass increased by 29% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +52.5% against 2019 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 34% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, enamels and glazes imports rose notably to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of enamels and glazes imports to Hungary, together comprising 93% of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +19.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Spain ($X) and Italy ($X) were the largest enamels and glazes suppliers to Hungary, together comprising 79% of total imports.

Spain, with a CAGR of +14.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average enamels and glazes import price stood at $X per ton in 2021, dropping by -12.4% against the previous year. Overall, the import price saw a pronounced decrease. The pace of growth was the most pronounced in 2020 when the average import price increased by 11% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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