Hungary: Wood-Based Panels Market 2025

Wood-Based Panels Market Size in Hungary

In 2022, the Hungarian wood-based panels market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Wood-Based Panels Production in Hungary

In value terms, wood-based panels production expanded slightly to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Wood-based panels production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Wood-Based Panels Exports

Exports from Hungary

After three years of growth, overseas shipments of wood-based panels decreased by X% to X cubic meters in 2022. In general, exports, however, posted strong growth. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2021, and then fell slightly in the following year.

In value terms, wood-based panels exports expanded slightly to $X in 2022. Over the period under review, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X cubic meters), Romania (X cubic meters) and Austria (X cubic meters) were the main destinations of wood-based panels exports from Hungary, with a combined X% share of total exports. Slovakia, Germany, Serbia, Poland, Croatia, Slovenia, the Czech Republic, Bosnia and Herzegovina, Bulgaria and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood-based panels exported from Hungary were Italy ($X), Romania ($X) and Austria ($X), with a combined X% share of total exports. Germany, Slovakia, Serbia, Bosnia and Herzegovina, Croatia, France, the Czech Republic, Poland, Slovenia and Bulgaria lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Slovenia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 wood-based panels export price stood at $X per cubic meter in 2022, surging by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

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

Wood-Based Panels Imports

Imports into Hungary

In 2022, supplies from abroad of wood-based panels decreased by X% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X cubic meters in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, wood-based panels imports stood at $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

Germany (X cubic meters), Austria (X cubic meters) and Romania (X cubic meters) were the main suppliers of wood-based panels imports to Hungary, with a combined X% share of total imports. Poland, Slovakia, Ukraine, Italy, the Czech Republic and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Romania ($X) constituted the largest wood-based panels suppliers to Hungary, with a combined X% share of total imports. Poland, Ukraine, Italy, Slovakia, the Czech Republic and Russia lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 wood-based panels import price amounted to $X per cubic meter, increasing by X% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood-based panels import price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per cubic meter), while the price for Slovakia ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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