Hungary: Corrugated Paper Market Overview 2020

Corrugated Paper Market Size in Hungary

The revenue of the corrugated paper market in Hungary amounted to $X in 2018, jumping by X% against the previous year. In general, corrugated paper consumption continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Corrugated paper consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Corrugated Paper Production in Hungary

In value terms, corrugated paper production amounted to $X in 2018 estimated in export prices. Overall, the total output indicated a slight increase 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, corrugated paper production increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Corrugated paper production peaked in 2018 and is expected to retain its growth in the near future.

Corrugated Paper Exports

Exports from Hungary

In 2018, approx. X tonnes of corrugated paper and paperboard were exported from Hungary; picking up by X% against the previous year. In general, corrugated paper exports, however, continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Exports peaked at X tonnes in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

In value terms, corrugated paper exports totaled $X in 2018. Overall, corrugated paper exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. Exports peaked at $X in 2008; however, from 2009 to 2018, exports remained at a lower figure.

Exports by Country

Slovakia (X tonnes) was the main destination for corrugated paper exports from Hungary, with a X% share of total exports. Moreover, corrugated paper exports to Slovakia exceeded the volume sent to the second major destination, Romania (X tonnes), fourfold. Saudi Arabia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Slovakia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Saudi Arabia (-X% per year).

In value terms, Slovakia ($X) remains the key foreign market for corrugated paper exports from Hungary, comprising X% of total corrugated paper exports. The second position in the ranking was occupied by Romania ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Slovakia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Poland (+X% per year).

Export Prices by Country

The average corrugated paper export price stood at $X per tonne in 2018, surging by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Serbia ($X per tonne), while the average price for exports to Saudi Arabia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Serbia, while the prices for the other major destinations experienced more modest paces of growth.

Corrugated Paper Imports

Imports into Hungary

In 2018, approx. X tonnes of corrugated paper and paperboard were imported into Hungary; growing by X% against the previous year. Overall, corrugated paper imports continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Imports peaked in 2018 and are likely to see steady growth in the near future.

In value terms, corrugated paper imports amounted to $X in 2018. Over the period under review, the total imports indicated a remarkable increase 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, corrugated paper imports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

The Czech Republic (X tonnes), Poland (X tonnes) and Romania (X tonnes) were the main suppliers of corrugated paper imports to Hungary, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Poland (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Romania ($X) were the largest corrugated paper suppliers to Hungary, with a combined X% share of total imports.

Poland (+X% per year) experienced the highest rates of growth with regard to imports, in terms of the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average corrugated paper import price stood at $X per tonne in 2018, increasing by X% against the previous year. Over the period under review, the corrugated paper import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for corrugated paper and paperboard reached their maximum at $X per tonne in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Romania, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform