Agglomerated wood or fibre panels and tiles market in Hungary

Earlier Report Observations

The market for agglomerated wood or fibre panels and tiles in Hungary exhibited significant fluctuations between 2018 and 2024. Starting at 61 860 thousand US dollars in 2018, market size declined to 54 115 thousand US dollars in 2019 before initiating a recovery trajectory over the following two years.

This recovery phase peaked in 2021 at 66 571 thousand US dollars. After the peak, the market size contracted to 58 868 thousand US dollars in 2022, experienced a modest increase to 61 223 thousand US dollars in 2023, and then fell sharply to 49 438 thousand US dollars in 2024, marking the lowest value in the period.

Production agglomerated wood or fibre panels and tiles in Hungary

In value, 2018-2021, K $ US

Hungary's production of agglomerated wood or fibre panels and tiles has increased for the second consecutive year. In 2021, output was valued at 82 454 thousand US dollars, marking a 15.0% year-over-year advance. Between 2018 and 2021, production grew by 6.7%, which translates to an annualized rate of 2.2%. The lowest production value was recorded in 2019 at 64 734 thousand US dollars, with the largest decline of 16.2% also occurring that year.

Annual dynamics of production in Hungary in value, 2018-2021, K $ US

Exports agglomerated wood or fibre panels and tiles from Hungary

Exports in kind, t

Hungary's exports of agglomerated wood or fibre panels and tiles have risen for the second year in a row. In 2021, the country exported 44 568 tonnes, representing a 10.9% increase from 2020. However, over the period from 2018 to 2021, exports decreased by 7.6%, averaging an annual decline of 2.6%. The lowest export volume was recorded in 2019 at 39 553 tonnes, with the largest drop of 18.0% also taking place that year.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, t

From 2018 to 2021, the main destinations for Hungary's exports of agglomerated wood or fibre panels and tiles in volume terms were Germany, accounting for 44.6% of exports, Austria with 10.9%, and Slovakia at 6.4%. Together, these three countries made up 61.9% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Hungary in kind, 2018-2021

Exports in value, K $ US

Hungary's export value of agglomerated wood or fibre panels and tiles has increased for the second consecutive year. In 2021, exports totaled 17 722 thousand US dollars, up by 22.4% compared to the previous year. Over the 2018-2021 period, export value grew by 5.7%, equating to an annualized rate of 1.9%. The lowest value was recorded in 2019 at 14 026 thousand US dollars, with the largest decline of 16.4% also occurring that year.

Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US

Throughout 2018-2021, Germany, Austria, and Slovakia remained the key partners for Hungary's exports of agglomerated wood or fibre panels and tiles in value terms. Germany accounted for 47.2% of exports, Austria for 11.1%, and Slovakia for 4.6%, together representing 62.9% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Hungary in value, 2018-2021

Imports agglomerated wood or fibre panels and tiles to Hungary

Imports in kind, t

Hungary imported a total of 2 703 tonnes of agglomerated wood or fibre panels and tiles in 2021, indicating a 4.8% year-over-year increase. Over the 2018-2021 period, imports decreased by 37.2%, with a compound annual growth rate of -14.4%. The maximum import volume was recorded in 2019 at 6 235 tonnes, while the minimum was in 2020 at 2 703 tonnes. The largest increase of 38.3% occurred in 2019, and the largest decline of 56.6% was in 2020.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, t

From 2018 to 2021, Slovakia, Belarus, and Croatia were consistently the main sources for Hungary's imports of agglomerated wood or fibre panels and tiles in volume terms. Slovakia accounted for 68.1% of imports, Belarus for 6.8%, and Croatia for 5.9%, together making up 80.7% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Hungary in kind, 2018-2021

Imports in value, K $ US

The data shows irregular changes, indicating a volatile market environment. Import values peaked in 2019 and reached their lowest point in 2018, with a 2.5-fold difference between these years. In 2021, Hungary's imports of agglomerated wood or fibre panels and tiles totaled 1 839 thousand US dollars, representing a significant 18.6% increase over the previous year. The maximum value was recorded in 2019 at 3 407 thousand US dollars, with the largest decline of 54.5% in 2020 and the largest increase of 145.2% in 2019.

Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US

Throughout 2018-2021, Slovakia, Germany, and Austria formed the key group of partners for Hungary's imports of agglomerated wood or fibre panels and tiles in value terms. Slovakia accounted for 52.7% of imports, Germany for 14.7%, and Austria for 6.4%, jointly representing 73.8% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Hungary in value, 2018-2021