Hungary: Densified Wood Market 2024

Densified Wood Market Size in Hungary

In 2022, the Hungarian densified wood market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption, however, saw a slight increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Densified Wood Production in Hungary

In value terms, densified wood production expanded markedly to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable contraction. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Densified Wood Exports

Exports from Hungary

In 2022, the amount of densified wood exported from Hungary dropped remarkably to X tons, which is down by X% compared with the previous year's figure. Over the period under review, exports continue to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, densified wood exports fell markedly to $X in 2022. In general, exports showed a sharp reduction. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Serbia (X tons), the UK (X tons) and Germany (X kg) were the main destinations of densified wood exports from Hungary, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the UK ($X) emerged as the key foreign market for densified wood exports from Hungary, comprising X% of total exports. The second position in the ranking was held by Serbia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Germany (X% per year).

Export Prices by Country

The average densified wood export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

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 the UK ($X per ton), while the average price for exports to Serbia ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Densified Wood Imports

Imports into Hungary

In 2022, supplies from abroad of densified wood decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, posted significant growth. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, densified wood imports rose notably to $X in 2022. In general, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest densified wood supplier to Hungary, accounting for a X% share of total imports. Moreover, densified wood imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. The third position in this ranking was taken by Slovakia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Slovakia (X% per year).

In value terms, Germany ($X) constituted the largest supplier of densified wood to Hungary, comprising X% of total imports. The second position in the ranking was held by Austria ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average densified wood import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, saw a abrupt shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for Sweden ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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