Concrete tiles and flagstones market in Hungary

Earlier Report Observations

Between 2018 and 2021, the Hungarian market for concrete tiles and flagstones expanded significantly, with volume rising from 1.26 million tons to over 1.53 million tons. This growth was interrupted in 2022 when the market contracted sharply to 1.15 million tons, and the decline continued through 2024, bringing the market size below its 2018 level to 1.03 million tons.

In value terms, the market followed a similar pattern but with notable differences. After reaching a peak of $106 million in 2021, the market value dropped to $65 million in 2022. Despite a slight recovery in 2023, the value remained subdued at $67 million in 2024, reflecting both volume changes and potential shifts in product mix or pricing.

Overall, the period from 2018 to 2024 was characterized by initial growth followed by a sustained downturn, with the market losing nearly 20% of its volume compared to the starting point.

Production concrete tiles and flagstones in Hungary

In value, 2018-2021, M $ US

In 2021, Hungary's production of concrete tiles and flagstones reached a value of 117.6 million US dollars, marking a significant increase of 25.3% compared to 2020. Over the period from 2018 to 2021, production grew by 49%, which translates to an annualized growth rate of 14.2%. The largest decline occurred in 2020, with a decrease of 0.7%.

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

In kind, 2018-2021, K t

In 2021, Hungary produced 1,653 thousand tonnes of concrete tiles and flagstones, showing a solid growth of 19.9% compared to the previous year. From 2018 to 2021, production increased by 20.8%, with a compound annual growth rate (CAGR) of 6.5%. The largest decline was recorded in 2020, at 3.1%.

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

Exports concrete tiles and flagstones from Hungary

Exports in kind, K t

Hungary's exports of concrete tiles and flagstones increased for the second consecutive year. In 2021, exports reached 159.5 thousand tonnes, reflecting a moderate rise of 5.6% compared to the previous year. The lowest level was in 2019, at 143.0 thousand tonnes, with the largest decline that year at 8.6%. The largest increase occurred in 2020, at 5.6%.

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

From 2018 to 2021, Slovakia, Romania, and Serbia were the main markets for Hungary's exports of concrete tiles and flagstones in volume terms. Slovakia accounted for 31.1% of exports, Romania for 24.8%, and Serbia for 12.8%, together making up 68.6% 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

After a two-year decline, Hungary's exports of concrete tiles and flagstones increased in value. In 2021, exports amounted to 18,351 thousand US dollars, indicating a strong advance of 33.3% compared to the previous year. Over the period from 2018 to 2021, exports grew by 21.9%, with a CAGR of 6.8%. The lowest value was recorded in 2020, at 13,762 thousand US dollars, and the largest decline was in 2019, at 4.6%.

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

From 2018 to 2021, Slovakia, Romania, and Serbia were the largest buyers of concrete tiles and flagstones from Hungary in value terms. Slovakia represented 33.4% of exports, Romania 24.3%, and Serbia 10.8%, together accounting for 68.5% of total export value.

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

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

Imports concrete tiles and flagstones to Hungary

Imports in kind, K t

Hungary's imports of concrete tiles and flagstones declined for the second consecutive year. In 2021, imports totaled 34.5 thousand tonnes, reflecting a steep drop of 30.8% year-over-year. Between 2018 and 2021, imports decreased by 22.3%, equating to an annualized decline rate of 8.0%. The highest level was in 2019, at 69.8 thousand tonnes, with the largest increase that year at 57.1%.

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

From 2018 to 2021, Slovakia, Austria, and Poland were the main sources for Hungary's imports of concrete tiles and flagstones in volume terms. Slovakia contributed 43.9% of imports, Austria 31.6%, and Poland 5.9%, together forming 81.4% 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

Hungary's imports of concrete tiles and flagstones increased in value for the third consecutive year. In 2021, imports amounted to 6,787 thousand US dollars, corresponding to a modest uptick of 9.1% relative to the prior year. Over the period from 2018 to 2021, imports grew by 52.9%, with a CAGR of 15.2%.

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

From 2018 to 2021, Slovakia, Austria, and Poland formed the main cluster of markets for Hungary's imports of concrete tiles and flagstones in value terms. Slovakia accounted for 28.1% of imports, Austria for 18.0%, and Poland for 15.5%, with a combined share of 61.7% 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