Hungary: Wooden Window Market 2022

Wooden Window Market Size in Hungary

The Hungarian wooden window market surged to $X in 2021, jumping by 291% against the previous year. In general, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Wooden Window Production in Hungary

In value terms, wooden window production shrank rapidly to $X in 2021 estimated in export price. Overall, production posted a strong expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 224%. As a result, production attained the peak level of $X, and then fell remarkably in the following year.

Wooden Window Exports

Exports from Hungary

In 2021, shipments abroad of windows, french windows and their frames of wood was finally on the rise to reach X tons after four years of decline. The total export volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 65% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, wooden window exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), the UK (X tons) and Belgium (X tons) were the main destinations of wooden window exports from Hungary, together comprising 43% of total exports.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +54.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Poland ($X) and the UK ($X) were the largest markets for wooden window exported from Hungary worldwide, together comprising 46% of total exports. These countries were followed by Belgium, Germany, Italy, Romania, Slovakia, Russia, the Czech Republic, Spain, France and Denmark, which together accounted for a further 39%.

In terms of the main countries of destination, Belgium, with a CAGR of +49.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden window export price stood at $X per ton in 2021, with an increase of 3.4% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 37%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Austria ($X per ton), while the average price for exports to France ($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 Austria (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.

Wooden Window Imports

Imports into Hungary

In 2021, approx. X tons of windows, french windows and their frames of wood were imported into Hungary; picking up by 10% against 2020 figures. Overall, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 85%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, wooden window imports skyrocketed to $X in 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +10.6% 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 +20.0% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 149% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Slovakia (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of wooden window imports to Hungary, together comprising 79% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +28.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Germany ($X) and Poland ($X) constituted the largest wooden window suppliers to Hungary, together accounting for 78% of total imports. These countries were followed by Denmark, the UK, Belgium, Latvia and Lithuania, which together accounted for a further 15%.

In terms of the main suppliers, Lithuania, with a CAGR of +32.1%, 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

The average wooden window import price stood at $X per ton in 2021, with an increase of 6.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2013 when the average import price increased by 35%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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