Hungary: Carpet Market Overview 2020

Carpet Market Size in Hungary

The revenue of the carpet market in Hungary amounted to $X in 2018, rising by X% against the previous year. Over the period under review, the total market indicated a prominent expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, carpet consumption increased by +X% against 2011 indices. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Hungary carpet consumption peaked in 2018 and is likely to continue its growth in the near future.

Carpet Production in Hungary

In value terms, carpet production stood at $X in 2018 estimated in export prices. Overall, carpet production, however, continues to indicate a temperate decline. The most prominent rate of growth was recorded in 2012 when production volume increased by X% year-to-year. Hungary carpet production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Carpet Exports

Exports from Hungary

In 2018, the carpet exports from Hungary totaled X tonnes, rising by X% against the previous year. In general, carpet exports, however, continue to indicate an abrupt deduction. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, carpet exports attained their maximum at X tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, carpet exports totaled $X in 2018. Overall, carpet exports, however, continue to indicate a drastic curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Hungary exports peaked at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, Turkey (X tonnes), distantly followed by China (X tonnes), Belgium (X tonnes), the Netherlands (X tonnes), India (X tonnes) and the U.S. (X tonnes) were the main exporters of carpets and other textile floor coverings, together mixing up X% of total exports. The following exporters - Germany (X tonnes) and the UK (X tonnes) - each amounted to a X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Turkey, while the other leaders experienced more modest paces of growth.

In value terms, the largest carpet markets from Hungary were Turkey ($X), China ($X) and Belgium ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Turkey recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the carpet export price in Hungary amounted to $X per tonne, waning by -X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Hungary export price peaked at $X per tonne in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Carpet Imports

Imports into Hungary

In 2018, the imports of carpets and other textile floor coverings into Hungary amounted to X tonnes, approximately mirroring the previous year. In general, the total imports indicated a temperate increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, carpet imports increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Hungary imports peaked at X tonnes in 2017, leveling off in the following year.

In value terms, carpet imports totaled $X in 2018. Overall, the total imports indicated a moderate expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, carpet imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, carpet imports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X tonnes), distantly followed by the UK (X tonnes), Germany (X tonnes), Canada (X tonnes) and Saudi Arabia (X tonnes) represented the key importers of carpets and other textile floor coverings, together committing X% of total imports. The Netherlands (X tonnes), Belgium (X tonnes), Iraq (X tonnes), France (X tonnes), Australia (X tonnes), Japan (X tonnes) and Poland (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported carpets and other textile floor coverings into Hungary, comprising X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the U.S., carpet imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: the UK (-X% per year) and Germany (-X% per year).

Import Prices by Country

The carpet import price in Hungary stood at $X per tonne in 2018, picking up by X% against the previous year. Overall, the carpet import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. Hungary import price peaked at $X per tonne in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while Iraq ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform