Hungary: Extruded Rod Market 2024

Extruded Rod Market Size in Hungary

The Hungarian extruded rod market fell slightly to $X in 2022, approximately reflecting the previous year. Over the period under review, consumption saw a slight contraction. Extruded rod consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Extruded Rod Production in Hungary

In value terms, extruded rod production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Extruded rod production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Extruded Rod Exports

Exports from Hungary

In 2022, shipments abroad of extruded rods and profile shapes of cellular vulcanised rubber increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, extruded rod exports surged to $X in 2022. Overall, exports posted a buoyant increase. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for extruded rod exports from Hungary, with a X% share of total exports. Moreover, extruded rod exports to the Czech Republic exceeded the volume sent to the second major destination, Romania (X tons), twofold. Slovakia (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Slovakia (X% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for extruded rods and profile shapes of cellular vulcanised rubber exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Romania ($X), with an X% share of total exports. It was followed by Slovakia, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Slovakia (X% per year).

Export Prices by Country

In 2022, the average extruded rod export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price posted a temperate expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to the United States ($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 Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Extruded Rod Imports

Imports into Hungary

In 2022, purchases abroad of extruded rods and profile shapes of cellular vulcanised rubber was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, extruded rod imports soared to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Lithuania (X tons) and Austria (X tons) were the main suppliers of extruded rod imports to Hungary, together comprising X% of total imports. China, the Czech Republic, Poland, Malaysia, Slovakia, France and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest extruded rod suppliers to Hungary were Germany ($X), Lithuania ($X) and Austria ($X), with a combined X% share of total imports.

Among the main suppliers, Lithuania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average extruded rod import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt decrease. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked 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 Malaysia ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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