Hungary: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Hungary

In 2022, the Hungarian polishes for coachwork market increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption recorded a remarkable increase. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Polishes For Coachwork Production in Hungary

In value terms, polishes for coachwork production surged to $X in 2022 estimated in export price. Over the period under review, production posted a prominent expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Polishes For Coachwork Exports

Exports from Hungary

For the third year in a row, Hungary recorded decline in overseas shipments of polishes for coachwork, which decreased by X% to X tons in 2022. Overall, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, polishes for coachwork exports dropped sharply to $X in 2022. Over the period under review, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X tons), Slovakia (X tons) and the Czech Republic (X tons) were the main destinations of polishes for coachwork exports from Hungary, with a combined X% share of total exports.

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

In value terms, the largest markets for polishes for coachwork exported from Hungary were Romania ($X), Slovakia ($X) and the Czech Republic ($X), with a combined X% share of total exports. Austria, Slovenia and Turkey lagged somewhat behind, together accounting for a further X%.

Slovenia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polishes for coachwork export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2015; however, from 2016 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 Austria ($X per ton), while the average price for exports to Turkey ($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 Slovenia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Polishes For Coachwork Imports

Imports into Hungary

In 2022, approx. X tons of polishes for coachwork were imported into Hungary; therefore, remained relatively stable against the year before. In general, imports recorded a prominent expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, polishes for coachwork imports reduced to $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), the UK (X tons) and Slovakia (X tons) were the main suppliers of polishes for coachwork imports to Hungary, with a combined X% share of total imports. The Netherlands, Poland, Austria, China, the Czech Republic, Italy and Belgium 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 China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Poland ($X) were the largest polishes for coachwork suppliers to Hungary, together accounting for X% of total imports. Slovakia, the Netherlands, the Czech Republic, Italy, Austria, China and Belgium lagged somewhat behind, together accounting for a further X%.

China, 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

In 2022, the average polishes for coachwork import price amounted to $X per ton, falling by X% against the previous year. In general, the import price showed a pronounced setback. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average 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 Belgium ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform