Hungary: Sawnwood Market 2024

Sawnwood Market Size in Hungary

The Hungarian sawnwood market contracted to $X in 2022, reducing by X% against the previous year. In general, consumption, however, saw a buoyant expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Sawnwood Production in Hungary

In value terms, sawnwood production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2022: its value 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, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Sawnwood production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Sawnwood Exports

Exports from Hungary

In 2022, approx. X cubic meters of sawnwood were exported from Hungary; with a decrease of X% compared with 2021 figures. Overall, exports recorded a mild descent. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X cubic meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sawnwood exports rose markedly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X cubic meters), Austria (X cubic meters) and Germany (X cubic meters) were the main destinations of sawnwood exports from Hungary, with a combined X% share of total exports. France, Croatia, China, Romania, Malaysia, the Czech Republic, the UK, Portugal, Slovakia and Sweden lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sawnwood exported from Hungary were Austria ($X), Italy ($X) and Germany ($X), with a combined X% share of total exports. Malaysia, France, China, Portugal, Croatia, the UK, Romania, the Czech Republic, Sweden and Slovakia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, China, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average sawnwood export price stood at $X per cubic meter in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per cubic meter), while the average price for exports to Italy ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood Imports

Imports into Hungary

Sawnwood imports into Hungary shrank to X cubic meters in 2022, dropping by X% compared with the year before. Over the period under review, total imports indicated strong growth from 2012 to 2022: its volume 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. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X cubic meters in 2021, and then dropped in the following year.

In value terms, sawnwood imports declined modestly to $X in 2022. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then shrank slightly in the following year.

Imports by Country

Slovakia (X cubic meters), Ukraine (X cubic meters) and Austria (X cubic meters) were the main suppliers of sawnwood imports to Hungary, with a combined X% share of total imports. Romania, Sweden, Poland, the Czech Republic, Germany, Bosnia and Herzegovina, Lithuania and Croatia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Slovakia ($X), Ukraine ($X) and Austria ($X) constituted the largest sawnwood suppliers to Hungary, together accounting for X% of total imports. Romania, Poland, Sweden, the Czech Republic, Germany, Bosnia and Herzegovina, Lithuania and Croatia lagged somewhat behind, together accounting for a further X%.

Bosnia and Herzegovina, with a CAGR of X%, saw the highest rates of growth with regard to 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 sawnwood import price stood at $X per cubic meter in 2022, picking up by X% against the previous year. In general, import price indicated a notable 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, sawnwood import price increased by X% against 2018 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Croatia ($X per cubic meter), while the price for Ukraine ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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