Hungary - Cement - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCement Price in Hungary - 2023
Contents:
- Cement Price in Hungary (CIF) - 2023
- Cement Price in Hungary (FOB) - 2023
- Cement Imports in Hungary
- Cement Exports in Hungary
Cement Price in Hungary (CIF) - 2023
In August 2023, the average cement import price amounted to $111 per ton, remaining stable against the previous month. In general, import price indicated a moderate increase from August 2022 to August 2023: its price increased at an average monthly rate of +3.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, cement import price decreased by -5.5% against April 2023 indices. The most prominent rate of growth was recorded in December 2022 an increase of 31% against the previous month. The import price peaked at $118 per ton in April 2023; however, from May 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Croatia ($139 per ton), while the price for Ukraine ($80.0 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Cement Price in Hungary (FOB) - 2023
In July 2023, the average cement export price amounted to $91.4 per ton, remaining relatively unchanged against the previous month. Over the period under review, export price indicated noticeable growth from July 2022 to July 2023: its price increased at an average monthly rate of +2.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, cement export price decreased by -1.9% against May 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 23% month-to-month. Over the period under review, the average export prices hit record highs at $93.3 per ton in May 2023; however, from June 2023 to July 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In July 2023, the country with the highest price was Slovakia ($120 per ton), while the average price for exports to Croatia ($89.0 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Cement Imports in Hungary
Cement imports into Hungary expanded significantly to 1.8M tons in 2022, increasing by 12% against the previous year's figure. The total import volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat 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.
In value terms, cement imports skyrocketed to $137M in 2022. The total import value increased at an average annual rate of +13.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cement in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 71.3 | 77.6 | 86.4 | 97.3 | 10.9% |
| Romania | 1.7 | 0.7 | 2.4 | 10.5 | 83.5% |
| Ukraine | 6.9 | 5.7 | 7.7 | 10.4 | 14.7% |
| Croatia | 5.2 | 4.7 | 4.8 | 8.1 | 15.9% |
| Austria | 6.8 | 6.2 | 5.7 | 5.7 | -5.7% |
| Others | 3.0 | 3.8 | 4.6 | 4.7 | 16.1% |
| Total | 94.7 | 98.6 | 111 | 137 | 13.1% |
Top Suppliers of Cement to Hungary in 2022:
- Slovakia (1340.4K tons)
- Ukraine (176.8K tons)
- Romania (111.3K tons)
- Croatia (76.3K tons)
- Austria (62.8K tons)
Cement Exports in Hungary
For the third year in a row, Hungary recorded decline in overseas shipments of cement, which decreased by -29.7% to 233K tons in 2022. Overall, exports recorded a abrupt setback. The smallest decline of -7.5% was in 2021.
In value terms, cement exports fell markedly to $16M in 2022. In general, exports saw a abrupt setback. The smallest decline of -2.8% was in 2020.
| Export of Cement in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | 9.5 | 8.8 | 8.8 | 6.7 | -11.0% |
| Slovenia | 2.8 | 3.4 | 3.5 | 5.8 | 27.5% |
| Slovakia | 10.9 | 8.9 | 10.2 | 3.6 | -30.9% |
| Austria | 1.0 | 1.7 | 0.4 | N/A | -36.8% |
| Others | 0.1 | 0.9 | N/A | N/A | 800.0% |
| Total | 24.4 | 23.7 | 22.8 | 16.1 | -12.9% |
Top Export Markets for Cement from Hungary in 2022:
- Austria (undefinedK tons)
- Croatia (100.1K tons)
- Slovenia (92.5K tons)
- Slovakia (40.4K tons)
This report provides an in-depth analysis of the cement market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23511210 - Portland cement
- Prodcom 23511290 - Other hydraulic cements
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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