Hungary: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Hungary

The Hungarian market for plastics pipes and pipe fittings expanded slightly to $X in 2022, growing by X% against the previous year. In general, consumption, however, recorded a modest expansion. Plastics pipe and pipe fitting consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Plastics Pipes And Pipe Fittings in Hungary

In value terms, plastics pipe and pipe fitting production shrank to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Plastics pipe and pipe fitting production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from Hungary

After eight years of growth, overseas shipments of plastics pipes and pipe fittings decreased by X% to X tons in 2022. In general, exports, however, posted strong growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined dramatically in the following year.

In value terms, plastics pipe and pipe fitting exports fell to $X in 2022. Over the period under review, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped in the following year.

Exports by Country

France (X tons), Slovakia (X tons) and Germany (X tons) were the main destinations of plastics pipe and pipe fitting exports from Hungary, with a combined X% share of total exports.

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

In value terms, the largest markets for plastics pipe and pipe fitting exported from Hungary were Germany ($X), France ($X) and Romania ($X), together accounting for X% of total exports. Slovakia, the Czech Republic, Austria, Poland, Croatia, Belgium and Serbia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Belgium, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

The average export price for plastics pipes and pipe fittings stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, export price indicated strong growth 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, plastics pipe and pipe fitting export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Austria ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into Hungary

In 2022, the amount of plastics pipes and pipe fittings imported into Hungary reached X tons, growing by X% compared with the previous year's figure. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, plastics pipe and pipe fitting imports expanded modestly to $X in 2022. Over the period under review, total imports indicated prominent 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Serbia (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of plastics pipe and pipe fitting imports to Hungary, together accounting for X% of total imports. Poland, Romania, Austria, the Czech Republic, Turkey, Slovakia, Croatia, Greece and Bulgaria lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest plastics pipe and pipe fitting suppliers to Hungary were Germany ($X), Serbia ($X) and Poland ($X), with a combined X% share of total imports. Italy, Austria, the Czech Republic, Turkey, Romania, Slovakia, Greece, Croatia and Bulgaria lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Greece, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for plastics pipes and pipe fittings stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Austria ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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