Hungary: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Hungary

After nine years of growth, the Hungarian metal domestic furniture market decreased by X% to $X in 2023. Overall, consumption, however, recorded a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2022, and then declined slightly in the following year.

Metal Domestic Furniture Production in Hungary

In value terms, metal domestic furniture production shrank slightly to $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Metal domestic furniture production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

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Metal Domestic Furniture Exports

Exports from Hungary

In 2023, the amount of metal furniture exported from Hungary surged to X tons, increasing by X% on the previous year. Overall, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal domestic furniture exports soared to $X in 2023. In general, exports saw a buoyant increase. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked in 2023 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Croatia (X tons) and Slovakia (X tons) were the main destinations of metal domestic furniture exports from Hungary, with a combined X% share of total exports. Romania, Slovenia, Austria, Switzerland, the Netherlands, the Czech Republic, Serbia and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Slovenia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for metal furniture exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Croatia ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (X% per year) and Romania (X% per year).

Export Prices by Country

The average metal domestic furniture export price stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Domestic Furniture Imports

Imports into Hungary

In 2023, approx. X tons of metal furniture were imported into Hungary; surging by X% against the year before. Overall, imports recorded a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked in 2023 and are likely to continue growth in the immediate term.

In value terms, metal domestic furniture imports expanded rapidly to $X in 2023. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of metal domestic furniture to Hungary, accounting for a X% share of total imports. Moreover, metal domestic furniture imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of metal furniture to Hungary, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Poland (X% per year).

Import Prices by Country

In 2023, the average metal domestic furniture import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform