Hungary: Polishes For Coachwork Market 2022

Polishes For Coachwork Market Size in Hungary

The Hungarian polishes for coachwork market reduced to $X in 2021, waning by -X% against the previous year. Over the period under review, consumption recorded a deep setback. Polishes for coachwork consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Polishes For Coachwork Production in Hungary

In value terms, polishes for coachwork production rose modestly to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Polishes for coachwork production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Polishes For Coachwork Exports

Exports from Hungary

In 2021, polishes for coachwork exports from Hungary stood at X tons, remaining stable against 2020. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, polishes for coachwork exports contracted to $X in 2021. In general, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at $X in 2020, and then dropped in the following year.

Exports by Country

Romania (X tons) was the main destination for polishes for coachwork exports from Hungary, accounting for a X% share of total exports. Moreover, polishes for coachwork exports to Romania exceeded the volume sent to the second major destination, Slovakia (X tons), twofold. The third position in this ranking was occupied by the Czech Republic (X tons), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+X% per year) and the Czech Republic (+X% per year).

In value terms, the largest markets for polishes for coachwork exported from Hungary were Romania ($X), Slovakia ($X) and France ($X), together comprising X% of total exports.

France, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among 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 2021, shrinking by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Polishes For Coachwork Imports

Imports into Hungary

In 2021, after two years of growth, there was significant decline in overseas purchases of polishes for coachwork, when their volume decreased by -X% to X tons. In general, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2020, and then declined in the following year.

In value terms, polishes for coachwork imports expanded notably to $X in 2021. Over the period under review, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest polishes for coachwork supplier to Hungary, accounting for a X% share of total imports. Moreover, polishes for coachwork imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. The third position in this ranking was occupied by Poland (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and Poland (-X% per year).

In value terms, Germany ($X), the Netherlands ($X) and Slovakia ($X) constituted the largest polishes for coachwork suppliers to Hungary, together comprising X% of total imports. These countries were followed by Poland, China, the UK, Austria and the Czech Republic, which together accounted for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to 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 polishes for coachwork import price stood at $X per ton in 2021, jumping by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded 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 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, 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