Hungary: Sandstone Market 2024

Sandstone Market Size in Hungary

The Hungarian sandstone market was estimated at $X in 2022, picking up by 2.5% against the previous year. Over the period under review, consumption, however, recorded a deep downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sandstone Production in Hungary

In value terms, sandstone production rose modestly to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2014 with an increase of 19% against the previous year. Sandstone production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Sandstone Exports

Exports from Hungary

In 2022, approx. X tons of sandstone were exported from Hungary; increasing by 8.4% compared with the previous year's figure. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 11,438% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, sandstone exports amounted to $X in 2022. Over the period under review, exports showed prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by 4,435%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Romania (X tons) was the main destination for sandstone exports from Hungary, with a 61% share of total exports. Moreover, sandstone exports to Romania exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania stood at +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+52.3% per year) and Austria (-69.6% per year).

In value terms, Romania ($X) remains the key foreign market for sandstone exports from Hungary, comprising 79% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Romania amounted to +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+33.5% per year) and Austria (-62.0% per year).

Export Prices by Country

In 2022, the average sandstone export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 199%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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 Romania ($X per ton), while the average price for exports to Austria ($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 Austria (+25.0%), while the prices for the other major destinations experienced mixed trend patterns.

Sandstone Imports

Imports into Hungary

Sandstone imports into Hungary fell sharply to X tons in 2022, with a decrease of -15.2% on the previous year's figure. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,097% against the previous year. As a result, imports attained the peak of X tons, and then shrank rapidly in the following year.

In value terms, sandstone imports shrank to $X in 2022. Overall, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 1,128% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest sandstone supplier to Hungary, accounting for a 80% share of total imports. Moreover, sandstone imports from Italy exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +50.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+67.6% per year) and Sudan (0.0% per year).

In value terms, Italy ($X) constituted the largest supplier of sandstone to Hungary, comprising 88% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 7.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +31.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+53.2% per year) and Sudan (0.0% per year).

Import Prices by Country

The average sandstone import price stood at $X per ton in 2022, increasing by 4.9% against the previous year. Over the period under review, the import price showed a mild increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 93%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 Sudan ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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