Bituminous mixtures market in Hungary

Earlier Report Observations

The bituminous mixtures market in Hungary expanded from 2.1 million tons in 2018 to 2.7 million tons in 2024, with notable growth punctuated by a peak of 2.9 million tons in 2021. This upward trajectory in physical volume was accompanied by a more pronounced rise in market value, which more than doubled from 117 million US dollars to 220 million US dollars over the same period, reflecting higher unit prices or a shift toward more valuable product mixes.

Following the 2021 peak, market volume contracted for two consecutive years before recovering in 2024. The market's value, however, demonstrated greater resilience, continuing its ascent even during periods of lower physical consumption, suggesting underlying strength in demand or cost structures.

A key development in 2023 was a substantial expansion in international trade activity. Hungarian exports of bituminous mixtures surged to 1.2 million US dollars, indicating new foreign market opportunities or increased production capacity directed abroad. Concurrently, the value of imports grew by 14.8%, pointing to sustained domestic demand that was partially met by external suppliers during a phase of adjusted local production.

Production bituminous mixtures in Hungary

In value, 2018-2021, M $ US

In 2021, Hungary's output of bituminous mixtures was valued at 188.6 million US dollars, marking a significant 51.7% increase compared to the previous year. Over the period from 2018 to 2021, production grew by 64.6%, with an average annual growth rate of 18.1%. The largest decline occurred in 2020, when production fell by 4.9%.

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

In kind, 2018-2021, K t

In 2021, Hungary produced 2,895 thousand tonnes of bituminous mixtures, reflecting a sharp 27.9% rise from the prior year. From 2018 to 2021, production increased by 39.2%, with an average annual growth rate of 11.7%. The largest drop was recorded in 2020, with a 2.9% decrease.

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

Exports bituminous mixtures from Hungary

Exports in kind, t

The data shows irregular changes, indicating a volatile market environment. Export volumes reached their lowest point in 2021 at 6 tonnes, after peaking in 2019 at 803 tonnes, representing a 138-fold difference between these years. In 2021, exports fell by 19.7% compared to 2020. The largest decline occurred in 2020, with a 99.1% drop, while the largest increase was in 2019, with a 47.3% rise.

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

From 2018 to 2021, Slovakia was the primary and nearly exclusive market for Hungary's bituminous mixtures exports in kind, accounting for 95.3% of total 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

Market behavior during these years was characterized by volatility. The period from 2019 to 2021 saw a peak-to-trough amplitude of four times. In 2021, Hungary exported 26 thousand US dollars worth of bituminous mixtures, a sharp 10.2% decline from the previous year. The maximum value was recorded in 2019 at 107 thousand US dollars. The largest decline occurred in 2020, with a 72.4% drop, while the largest increase was in 2019, with a 42.6% rise.

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

From 2018 to 2021, the leading destinations for Hungary's bituminous mixtures exports in value terms were Slovakia (31.8% of exports), Austria (21.8% of exports), and Romania (18.8% of exports). Together, these three countries accounted for 72.5% 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 bituminous mixtures to Hungary

Imports in kind, t

After a two-year rise, Hungary's imports of bituminous mixtures from abroad declined. In 2021, imports totaled 2,510 tonnes, a 36.4% decrease from the prior year. Between 2018 and 2021, imports increased by 25.9%, equating to an 8.0% annualized growth rate. The maximum value was recorded in 2020 at 3,947 tonnes, with the largest increase that year at 52.8%.

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

From 2018 to 2021, Czechia (30.8% of imports in kind), Germany (29.7% of imports in kind), and Italy (14.6% of imports in kind) accounted for the largest share of Hungary's bituminous mixtures imports in kind, together comprising 75.2% of total 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

After a two-year rise, Hungary's import volumes of bituminous mixtures declined. In 2021, import value amounted to 3,386 thousand US dollars, representing an 18.5% year-over-year fall. Over the period from 2018 to 2021, imports increased by 26.9%, with an average annual growth rate of 8.3%. The maximum value was recorded in 2020 at 4,154 thousand US dollars, with the largest increase that year at 26.1%.

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

From 2018 to 2021, Germany (35.5% of imports in value terms), Czechia (25.1% of imports in value terms), and Austria (8.8% of imports in value terms) led the ranking of suppliers of bituminous mixtures to Hungary. Their combined share reached 69.4% of total imports in value terms.

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

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