Hungary: Prefabricated Buildings Market 2024

Prefabricated Buildings Market Size in Hungary

The Hungarian prefabricated buildings market stood at $X in 2022, rising by X% against the previous year. In general, consumption, however, posted a buoyant expansion. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Prefabricated Buildings Production in Hungary

In value terms, prefabricated buildings production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a remarkable increase. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level in 2022 and is likely to see gradual growth in years to come.

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Prefabricated Buildings Exports

Exports from Hungary

In 2022, shipments abroad of prefabricated buildings decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, prefabricated buildings exports reduced slightly to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons), the UK (X tons) and France (X tons) were the main destinations of prefabricated buildings exports from Hungary, with a combined X% share of total exports. Germany, Sweden, Italy, Estonia, Austria, Ukraine, Norway, Slovenia, Romania and Slovakia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for prefabricated buildings exported from Hungary were Sweden ($X), Austria ($X) and Germany ($X), with a combined X% share of total exports. France, the UK, the Czech Republic, Norway, Slovenia, Romania, Slovakia, Estonia, Ukraine and Italy lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the average prefabricated buildings export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a measured expansion. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Austria ($X per ton), while the average price for exports to Italy ($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 Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Prefabricated Buildings Imports

Imports into Hungary

After three years of growth, overseas purchases of prefabricated buildings decreased by X% to X tons in 2022. In general, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, prefabricated buildings imports shrank to $X in 2022. Over the period under review, imports, however, showed prominent growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Croatia (X tons), Slovenia (X tons) and Poland (X tons) were the main suppliers of prefabricated buildings imports to Hungary, together accounting for X% of total imports. Turkey, Serbia, Slovakia, China, the Czech Republic, Belgium, Israel, Germany, Austria and Bosnia and Herzegovina lagged somewhat behind, together comprising a further X%.

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

In value terms, Slovenia ($X), Croatia ($X) and Poland ($X) constituted the largest prefabricated buildings suppliers to Hungary, with a combined X% share of total imports. Turkey, Germany, Belgium, Israel, Serbia, China, Austria, Slovakia, the Czech Republic and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further X%.

Serbia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 prefabricated buildings import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price continues to indicate pronounced growth. The pace of growth appeared the most rapid in 2017 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 2018; however, from 2019 to 2022, 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 Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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