Hungary: Rough Wood Market Overview 2020

Rough Wood Market Size in Hungary

The revenue of the rough wood market in Hungary amounted to $X in 2018, growing by X% against the previous year. Over the period under review, rough wood consumption, however, continues to indicate a perceptible drop. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, the rough wood market reached its peak figure level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Rough Wood Production in Hungary

In value terms, rough wood production amounted to $X in 2018 estimated in export prices. Over the period under review, rough wood production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Rough wood production peaked in 2018 and is expected to retain its growth in the immediate term.

Rough Wood Exports

Exports from Hungary

In 2018, the rough wood exports from Hungary totaled X cubic meters, rising by X% against the previous year. In general, rough wood exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, rough wood exports reached their maximum at X cubic meters in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

In value terms, rough wood exports amounted to $X in 2018. In general, rough wood exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, rough wood exports reached their maximum at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Ireland (X cubic meters) was the main destination for rough wood exports from Hungary, with a X% share of total exports. Moreover, rough wood exports to Ireland exceeded the volume sent to the second major destination, Austria (X cubic meters), fourfold. The Netherlands (X cubic meters) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Ireland stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+X% per year) and the Netherlands (+X% per year).

In value terms, Ireland ($X) remains the key foreign market for rough wood exports from Hungary, comprising X% of total rough wood exports. The second position in the ranking was occupied by Austria ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Ireland totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+X% per year) and Turkey (+X% per year).

Export Prices by Country

In 2018, the average rough wood export price amounted to $X per cubic meter, jumping by X% against the previous year. Over the period under review, the rough wood export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% y-o-y. Over the period under review, the average export prices for wood in the rough reached their maximum at $X per cubic meter in 2010; however, from 2011 to 2018, export prices stood at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Austria, while the prices for the other major destinations experienced more modest paces of growth.

Rough Wood Imports

Imports into Hungary

In 2018, the imports of wood in the rough into Hungary stood at X cubic meters, increasing by X% against the previous year. Over the period under review, rough wood imports continue to indicate a mild increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. In that year, rough wood imports attained their peak of X cubic meters. From 2016 to 2018, the growth of rough wood imports remained at a somewhat lower figure.

In value terms, rough wood imports amounted to $X in 2018. Overall, rough wood imports continue to indicate an abrupt deduction. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. In that year, rough wood imports attained their peak of $X. From 2011 to 2018, the growth of rough wood imports remained at a somewhat lower figure.

Imports by Country

The Czech Republic (X cubic meters), Germany (X cubic meters) and Slovakia (X cubic meters) were the main suppliers of rough wood imports to Hungary, together comprising X% of total imports. Poland and Slovenia lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Poland, while the other leaders experienced more modest paces of growth.

In value terms, the largest rough wood suppliers to Hungary were Germany ($X), the Czech Republic ($X) and Slovakia ($X), with a combined X% share of total imports. Slovenia and Poland lagged somewhat behind, together accounting for a further X experienced the highest growth rate of imports, in terms of the main suppliers over the last eleven-year period, while the other leaders experienced a decline.

Import Prices by Country

The average rough wood import price stood at $X per cubic meter in 2018, dropping by -X% against the previous year. In general, the rough wood import price continues to indicate an abrupt descent. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% against the previous year. In that year, the average import prices for wood in the rough attained their peak level of $X per cubic meter. From 2010 to 2018, the growth in terms of the average import prices for wood in the rough remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Slovakia ($X per cubic meter), while the price for Poland ($X per cubic meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Slovenia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform