Continuously shaped wood market in Hungary

Earlier Report Observations

From 2018 to 2021, the Hungarian market for continuously shaped wood saw significant expansion, with its value rising from 33.6 million USD to 55.7 million USD. Early years were marked by product innovations, such as EDELHOLZ's introduction of a triple-layer parquet floor suitable for underfloor heating and BEFAG's emphasis on sustainable production. In 2019, new waterproof laminate and SPC flooring segments entered the market, broadening consumer choice. The turning point came in 2020, when growing consumer preference for environmentally friendly materials, including laminate from renewable sources and bamboo parquet, boosted demand. This trend accelerated in 2021 with the rising popularity of geometric patterns like chevron and herringbone, as well as urban industrial styles, leading suppliers to diversify their offerings with Swedish flooring, tongue-and-groove parquet, and hardwax-oil finishes.

After peaking in 2021, the market value declined to 49.9 million USD in 2022 and further to 33.8 million USD in 2023. The 2022 contraction was influenced by global supply chain disruptions and import restrictions, which raised raw material costs and affected construction sector trends. Despite ongoing emphasis on sustainability and innovation, these external pressures reduced overall market volume. In 2024, a slight recovery occurred, with the market reaching 35.6 million USD, indicating some stabilization after the previous years' adjustments.

Production continuously shaped wood in Hungary

In value, 2018-2021, K $ US

Hungary's continuously shaped wood production rebounded after two years of decline. In 2021, output reached 23 468 thousand US dollars, marking a significant 22.4% increase compared to 2020. The lowest production value was recorded in 2020 at 19 180 thousand US dollars, which also saw the largest decline of 5.6%. Over the period from 2018 to 2021, production grew by 11.1%, translating to an average annual growth rate of 3.6%.

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

In kind, 2018-2021, K t

The market showed an unstable trend throughout the period. Production volumes hit their lowest point in 2020 at 17.4 thousand tonnes, while peaking in 2019 at 841.4 thousand tonnes, resulting in a top-to-bottom ratio of 48 times. In 2021, Hungary produced 20.0 thousand tonnes of continuously shaped wood, representing a robust 15.1% increase over the previous year. The largest decline occurred in 2020 with a drop of 97.9%, and the largest increase was recorded in 2019 at 3,838.2%.

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

Exports continuously shaped wood from Hungary

Exports in kind, m³

Hungary's exports of continuously shaped wood declined for the second consecutive year. In 2021, the country exported 5 253 cubic meters, indicating a 31.9% decrease compared to the prior year. The highest export volume was recorded in 2019 at 7 911 cubic meters, which also saw the largest increase of 17.6%. From 2018 to 2021, exports fell by 21.9%, equating to an average annual decline of 7.9%.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, m³

Between 2018 and 2021, Austria, Germany, and Romania were the key partners for Hungary's exports of continuously shaped wood in volume terms. Austria accounted for 33.3% of exports, Germany for 16.0%, and Romania for 9.7%. Together, these three countries represented 59.0% 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 exports of continuously shaped wood in value terms declined for the second year in a row. In 2021, exports totaled 7 700 thousand US dollars, reflecting a notable 20.5% year-on-year drop. The highest value was recorded in 2019 at 12 814 thousand US dollars, which also experienced the largest increase of 35.1%. The largest decline occurred in 2020 with a 24.4% decrease. Over the 2018-2021 period, exports decreased by 18.8%, with an average annual decline of 6.7%.

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

From 2018 to 2021, Hungary traded continuously shaped wood with numerous countries. Even the largest destinations—Switzerland, Germany, and Romania—collectively accounted for only 45.7% of total exports in value terms.

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

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

Imports continuously shaped wood to Hungary

Imports in kind, m³

After two years of growth, Hungary's imports of continuously shaped wood in volume terms declined. In 2021, the country imported 57 196 cubic meters, down by 2.1% compared to the previous year. The highest import volume was recorded in 2020 at 57 196 cubic meters, which also saw the largest increase of 19.2%. Over the 2018-2021 period, imports increased by 29.5%, with an average annual growth rate of 9.0%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, m³

Between 2018 and 2021, the leading sources for Hungary's imports of continuously shaped wood in volume terms were Austria, Germany, and Russia. Austria contributed 26.1% of imports, Germany 20.1%, and Russia 16.6%. Together, these three countries accounted for 62.8% 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 continuously shaped wood in value terms increased for the third consecutive year. In 2021, imports reached 39 927 thousand US dollars, which is 31.2% higher than in 2020. From 2018 to 2021, imports grew by 82.1%, with an average annual growth rate of 22.1%.

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

From 2018 to 2021, Austria, Germany, and Russia consistently remained the main sources for Hungary's imports of continuously shaped wood in value terms. Austria accounted for 24.7% of imports, Germany for 21.3%, and Russia for 15.7%. Collectively, these three countries represented 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