Hungary: Worked Slate Market 2024

Worked Slate Market Size in Hungary

The Hungarian worked slate market contracted sharply to $X in 2022, with a decrease of -41.4% against the previous year. Over the period under review, consumption showed a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Worked Slate Production in Hungary

In value terms, worked slate production reduced rapidly to $X in 2022 estimated in export price. Overall, production faced a dramatic downturn. Worked slate production peaked at $X in 2021, and then dropped significantly in the following year.

Worked Slate Exports

Exports from Hungary

Worked slate exports from Hungary soared to X tons in 2022, with an increase of 574% against the year before. Overall, exports saw a prominent increase. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, worked slate exports soared to $X in 2022. Over the period under review, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovenia (X tons), Romania (X tons) and Austria (X tons) were the main destinations of worked slate exports from Hungary, together accounting for 68% of total exports. Italy, Spain, Slovakia, Germany and Croatia lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +185.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for worked slate exported from Hungary were Slovenia ($X), Romania ($X) and Austria ($X), together accounting for 65% of total exports.

Among the main countries of destination, Slovenia, with a CAGR of +219.8%, saw 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

In 2022, the average worked slate export price amounted to $X per ton, picking up by 3% against the previous year. In general, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 75%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Austria ($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 Slovenia (+43.8%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Slate Imports

Imports into Hungary

In 2022, the amount of worked slate imported into Hungary contracted markedly to X tons, declining by -43.6% against the previous year. In general, imports recorded a deep downturn. The pace of growth was the most pronounced in 2019 when imports increased by 106% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, worked slate imports shrank sharply to $X in 2022. Overall, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 62%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest supplier of worked slate to Hungary, with a 54% share of total imports. Moreover, worked slate imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+62.1% per year) and China (-10.1% per year).

In value terms, India ($X) constituted the largest supplier of worked slate to Hungary, comprising 50% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +52.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-14.1% per year) and the Netherlands (+2.9% per year).

Import Prices by Country

In 2022, the average worked slate import price amounted to $X per ton, increasing by 43% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 155% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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