Articles of non-cellular vulcanised rubber other than hard rubber market in Hungary

Earlier Report Observations

The market for non-cellular vulcanised rubber articles in Hungary contracted from 366.7 million US dollars in 2018 to 319.5 million US dollars in 2024. This overall decline occurred alongside the fastest growth in vulcanised rubber seal consumption in Europe, driven by sustained demand from key industrial sectors. However, this expansion in the seals segment was offset by broader market pressures, including regulatory compliance costs and global supply chain disruptions that increased freight expenses and impacted distribution.

Significant production and export growth in the synthetic latex rubber sub-sector during 2022 provided a temporary boost, supported by innovation in bio-based and recycled-content materials. This momentum reversed from 2023 as exports of synthetic latex fell markedly and the reclaimed rubber market stagnated, removing key supports for overall market volume. The decline in export volumes for these specific products directly contributed to the contraction in total market size.

EU-wide regulatory trends pushing for lower emissions and greater sustainability continued to reshape the Hungarian market, increasing production costs and accelerating a shift towards environmentally friendly elastomers. These factors, combined with the peak and subsequent drop in synthetic latex rubber output, defined the market's adjustment phase across the full period.

Production non-cellular vulcanised rubber articles in Hungary

In value, 2018-2021, M $ US

In 2019, Hungary's output of articles of non-cellular vulcanised rubber other than hard rubber was valued at 233.9 million US dollars, marking a 4.2% decline from 2018.

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

In kind, 2018-2021, t

In 2019, Hungary produced 62 462 tonnes of articles of non-cellular vulcanised rubber other than hard rubber, representing a modest 8.4% increase compared to the previous year.

Annual dynamics of production in Hungary in kind, 2018-2021, t

Exports non-cellular vulcanised rubber articles from Hungary

Exports in kind, t

After a two-year decline, exports of articles of non-cellular vulcanised rubber other than hard rubber from Hungary rebounded in 2021. The export volume reached 29 598 tonnes, up 10.7% from 2020. Over the period from 2018 to 2021, exports decreased by 3.4%, with a compound annual growth rate of 1.1%. The lowest volume was recorded in 2020 at 26 737 tonnes, which also saw the largest decline of 7.3%.

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

From 2018 to 2021, Germany, Austria, and Turkey were the top destinations for Hungary's exports of articles of non-cellular vulcanised rubber other than hard rubber in volume terms. Germany accounted for 28.2% of exports, Austria for 17.6%, and Turkey for 14.9%, together making up 60.7% 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, M $ US

Following a two-year decrease, Hungary's exports of articles of non-cellular vulcanised rubber other than hard rubber in value terms rose in 2021. The export value totalled 327.1 million US dollars, a 26.2% increase from 2020. Between 2018 and 2021, exports grew by 8.1%, with a compound annual growth rate of 2.6%. The lowest value was recorded in 2020 at 259.1 million US dollars, which also experienced the largest decline of 7.7%.

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

From 2018 to 2021, Germany, Austria, and Turkey remained the key partners for Hungary's exports of articles of non-cellular vulcanised rubber other than hard rubber in value terms. Germany held 33.4% of exports, Austria 13.0%, and Turkey 10.6%, collectively accounting for 57.0% 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 non-cellular vulcanised rubber articles to Hungary

Imports in kind, t

In 2021, Hungary's imports of articles of non-cellular vulcanised rubber other than hard rubber in volume terms amounted to 48 976 tonnes, showing a 6.4% gain compared to 2020. Between 2018 and 2021, imports surged by 45.9%, equating to an annualized growth rate of 13.4%. The largest increase occurred in 2019 at 42.8%, while the largest decline was in 2020 at 4.0%.

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

From 2018 to 2021, Germany, Slovakia, and Czechia were the primary sources for Hungary's imports of articles of non-cellular vulcanised rubber other than hard rubber in volume terms. Germany contributed 21.0% of imports, Slovakia 20.6%, and Czechia 13.6%, together comprising 55.2% 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, M $ US

After a two-year decline, Hungary's imports of articles of non-cellular vulcanised rubber other than hard rubber in value terms increased in 2021. The import value reached 403.5 million US dollars, a strong 17.4% advance from 2020. Between 2018 and 2021, imports decreased by 5.1%, with an annualized decline rate of 1.7%. The lowest value was recorded in 2020 at 343.7 million US dollars, which also saw the largest decline of 14.4%.

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

From 2018 to 2021, Germany, Czechia, and Poland played leading roles in Hungary's imports of articles of non-cellular vulcanised rubber other than hard rubber in value terms. Germany accounted for 25.5% of imports, Czechia for 18.2%, and Poland for 9.9%, jointly taking 53.6% 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