Hungary: Wrapping Papers Market 2024

Wrapping Papers Market Size in Hungary

The Hungarian wrapping papers market skyrocketed to $X in 2021, growing by 26% against the previous year. Over the period under review, consumption recorded strong growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

Wrapping Papers Production in Hungary

In value terms, wrapping papers production stood at $X in 2021 estimated in export price. Over the period under review, production enjoyed a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of 144%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Wrapping Papers Exports

Exports from Hungary

In 2021, exports of wrapping paper, packaging paper and paperboard from Hungary reduced to X tons, with a decrease of -8.2% compared with the year before. In general, exports recorded a slight reduction. The pace of growth appeared the most rapid in 2015 with an increase of 8.4%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, wrapping papers exports totaled $X in 2021. Overall, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 9.4% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Luxembourg (X tons) was the main destination for wrapping papers exports from Hungary, accounting for a 37% share of total exports. Moreover, wrapping papers exports to Luxembourg exceeded the volume sent to the second major destination, Poland (X tons), threefold. The third position in this ranking was taken by Slovakia (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Luxembourg was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+35.3% per year) and Slovakia (+3.0% per year).

In value terms, Luxembourg ($X) remains the key foreign market for wrapping paper, packaging paper and paperboard exports from Hungary, comprising 39% of total exports. The second position in the ranking was held by Poland ($X), with a 14% share of total exports. It was followed by Germany, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value to Luxembourg amounted to -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+40.9% per year) and Germany (-6.3% per year).

Export Prices by Country

The average wrapping papers export price stood at $X per ton in 2021, increasing by 9.3% against the previous year. In general, the export price, however, saw a mild setback. The pace of growth appeared the most rapid in 2018 an increase of 9.3% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Romania ($X per ton), while the average price for exports to Austria ($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 (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wrapping Papers Imports

Imports into Hungary

In 2021, overseas purchases of wrapping paper, packaging paper and paperboard increased by 13% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.5% 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 +115.7% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 66%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, wrapping papers imports surged to $X in 2021. The total import value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest supplier of wrapping papers to Hungary, with a 37% share of total imports. Moreover, wrapping papers imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was taken by Austria (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic amounted to +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+10.6% per year) and Austria (-5.8% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of wrapping paper, packaging paper and paperboard to Hungary, comprising 35% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by Austria, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic amounted to +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.2% per year) and Austria (-4.8% per year).

Import Prices by Country

The average wrapping papers import price stood at $X per ton in 2021, increasing by 16% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 35% 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 remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :