Hungary: Sulphite Wrapping Paper Market 2024

Sulphite Wrapping Paper Market Size in Hungary

The Hungarian sulphite wrapping paper market contracted to $X in 2022, waning by X% against the previous year. In general, consumption continues to indicate a deep setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Sulphite Wrapping Paper Production in Hungary

In value terms, sulphite wrapping paper production contracted to $X in 2022 estimated in export price. Overall, production saw a pronounced decline. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Sulphite Wrapping Paper Exports

Exports from Hungary

In 2022, approx. X tons of sulphite wrapping paper were exported from Hungary; dropping by X% on 2021. In general, exports, however, posted a noticeable increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, sulphite wrapping paper exports fell to $X in 2022. Overall, total exports indicated tangible growth 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for sulphite wrapping paper exports from Hungary, with a X% share of total exports. Moreover, sulphite wrapping paper exports to the UK exceeded the volume sent to the second major destination, Romania (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and the Czech Republic (X% per year).

In value terms, the UK ($X) remains the key foreign market for sulphite wrapping paper exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Romania ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The average sulphite wrapping paper export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price, however, recorded a mild curtailment. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

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

Sulphite Wrapping Paper Imports

Imports into Hungary

In 2022, imports of sulphite wrapping paper into Hungary surged to X tons, increasing by X% compared with 2021 figures. Overall, imports, however, showed a abrupt downturn. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sulphite wrapping paper imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Austria (X kg) were the main suppliers of sulphite wrapping paper imports to Hungary, with a combined X% share of total imports.

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

In value terms, the largest sulphite wrapping paper suppliers to Hungary were Germany ($X), the Czech Republic ($X) and Austria ($X), together comprising X% of total imports.

Among the main suppliers, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average sulphite wrapping paper import price amounted to $X per ton, 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 2016 an increase of X%. The import price peaked 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 Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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