Report Update Apr 1, 2024

Hungary - Natural Rubber and Gums - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Hungary

The Hungarian natural rubber and gum market dropped sharply to $X in 2022, waning by X% against the previous year. Overall, consumption, however, enjoyed a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then fell remarkably in the following year.

Production of Natural Rubber And Gums in Hungary

In value terms, natural rubber and gum production totaled $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume decreased by X%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the immediate term.

In 2022, the average natural rubber and gum yield in Hungary totaled less than X kg per ha, therefore, remained relatively stable against 2021 figures. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of natural rubber and gums production in Hungary was estimated at less than X ha, approximately reflecting 2021. In general, the harvested area recorded a relatively flat trend pattern.

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Exports of Natural Rubber And Gums

Exports from Hungary

In 2022, natural rubber and gum exports from Hungary skyrocketed to X tons, picking up by X% compared with 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, natural rubber and gum exports dropped significantly to $X in 2022. Over the period under review, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

Italy (X tons) was the main destination for natural rubber and gum exports from Hungary, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy stood at X%.

In value terms, Italy ($X) also remains the key foreign market for natural rubber and gums exports from Hungary.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled X%.

Export Prices by Country

In 2022, the average natural rubber and gum export price amounted to $X per ton, falling by X% against the previous year. In general, the export price saw a precipitous decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to X% per year.

Imports of Natural Rubber And Gums

Imports into Hungary

For the third year in a row, Hungary recorded decline in overseas purchases of natural rubber and gums, which decreased by X% to X tons in 2022. In general, imports recorded a deep reduction. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, natural rubber and gum imports fell dramatically to $X in 2022. Overall, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Cote d'Ivoire (X tons), Thailand (X tons) and Germany (X tons) were the main suppliers of natural rubber and gum imports to Hungary, together accounting for X% of total imports. Italy, Poland and Switzerland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Cote d'Ivoire ($X) and Thailand ($X) were the largest natural rubber and gum suppliers to Hungary, with a combined X% share of total imports. Italy, Poland and Switzerland lagged somewhat behind, together accounting for a further X%.

Switzerland, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for natural rubber and gums in the world?

The countries with the highest volumes of consumption in 2023 were Thailand, Indonesia and China, with a combined 57% share of global consumption. Vietnam, Cote d'Ivoire, India, Malaysia, the Philippines, Cambodia, Myanmar, Lao People's Democratic Republic and Brazil lagged somewhat behind, together accounting for a further 35%.

What are the largest producers of natural rubber and gums in the world?

The countries with the highest volumes of production in 2022 were Thailand, Indonesia and Vietnam, with a combined 61% share of global production. Cote d'Ivoire, India, China, the Philippines and Cambodia lagged somewhat behind, together accounting for a further 25%.

What are the leading suppliers of natural rubber and gums to Hungary?

In value terms, the largest natural rubber and gum suppliers to Hungary were Germany, Cote d'Ivoire and Thailand, with a combined 75% share of total imports. Italy, Poland and Switzerland lagged somewhat behind, together accounting for a further 21%.

What are the leading importers of natural rubber and gums from Hungary?

In value terms, Italy remains the key foreign market for natural rubber and gums exports from Hungary.

What is the average export price for natural rubber and gums in Hungary?

The average natural rubber and gum export price stood at $5.5 per ton in 2022, reducing by -99.9% against the previous year.

What is the average import price for natural rubber and gums in Hungary?

The average natural rubber and gum import price stood at $2,709 per ton in 2022, growing by 12% against the previous year.

This report provides an in-depth analysis of the market for natural rubber and gum in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 836 - Natural rubber

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023