Hungary: Wood Pellets Market 2022

Wood Pellets Market Size in Hungary

After two years of decline, the Hungarian wood pellets market increased by X% to $X in 2020. Over the period under review, consumption recorded noticeable growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Wood pellets consumption peaked at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Wood Pellets Production in Hungary

In value terms, wood pellets production soared to $X in 2020 estimated in export prices. Overall, production faced a deep contraction. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Wood pellets production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Wood Pellets Exports

Exports from Hungary

In 2020, exports of wood pellets from Hungary rose sharply to X tons, surging by X% on the previous year. Overall, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Exports peaked at X tons in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

In value terms, wood pellets exports soared to $X in 2020. In general, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Exports peaked at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

Italy (X tons), Austria (X tons) and Slovenia (X tons) were the main destinations of wood pellets exports from Hungary, with a combined X% share of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia, while exports for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for wood pellets exported from Hungary were Italy ($X), Slovenia ($X) and Austria ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Slovenia saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2020, the average wood pellets export price amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia, while the prices for the other major destinations experienced mixed trend patterns.

Wood Pellets Imports

Imports into Hungary

In 2020, approx. X tons of wood pellets were imported into Hungary; growing by X% compared with 2019 figures. Overall, imports showed buoyant growth. The pace of growth appeared the most rapid in 2016 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2020 and are likely to see steady growth in the near future.

In value terms, wood pellets imports reached $X in 2020. In general, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2016 when imports increased by X% year-to-year. Imports peaked in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, Ukraine (X tons) constituted the largest supplier of wood pellets to Hungary, with a X% share of total imports. Moreover, wood pellets imports from Ukraine exceeded the figures recorded by the second-largest supplier, Russia (X tons), sixfold. The third position in this ranking was occupied by Germany (X tons), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from Ukraine stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-X% per year) and Germany (+X% per year).

In value terms, Ukraine ($X) constituted the largest supplier of wood pellets to Hungary, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value from Ukraine totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Russia (-X% per year).

Import Prices by Country

The average wood pellets import price stood at $X per ton in 2020, falling by -X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform