Hungary: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Hungary

In 2022, the Hungarian wooden furniture treatments market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption enjoyed a modest expansion. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Wooden Furniture Treatments Production in Hungary

In value terms, wooden furniture treatments production declined to $X in 2022 estimated in export price. In general, production showed a significant curtailment. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Wooden Furniture Treatments Exports

Exports from Hungary

For the fourth year in a row, Hungary recorded decline in shipments abroad of polishes and creams for wooden furniture and floors, which decreased by X% to X tons in 2022. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden furniture treatments exports fell markedly to $X in 2022. Over the period under review, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for wooden furniture treatments exports from Hungary, with a X% share of total exports. Moreover, wooden furniture treatments exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Belgium (X% per year).

In value terms, Germany ($X) remains the key foreign market for polishes and creams for wooden furniture and floors exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with an X% share of total exports.

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

Export Prices by Country

In 2022, the average wooden furniture treatments export price amounted to $X per ton, with an increase of X% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden furniture treatments export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Austria ($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 Belgium (X%), while the prices for the other major destinations experienced mixed trend patterns.

Wooden Furniture Treatments Imports

Imports into Hungary

Wooden furniture treatments imports into Hungary contracted remarkably to X tons in 2022, which is down by X% on 2021. Over the period under review, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, wooden furniture treatments imports declined remarkably to $X in 2022. Overall, imports recorded a pronounced shrinkage. The growth pace was the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of wooden furniture treatments to Hungary, with a X% share of total imports. Moreover, wooden furniture treatments imports from Poland exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a X% share.

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

In value terms, Poland ($X) constituted the largest supplier of polishes and creams for wooden furniture and floors to Hungary, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

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

Import Prices by Country

In 2022, the average wooden furniture treatments import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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