Insulating glass units market in Hungary

Earlier Report Observations

The market for insulating glass units in Hungary demonstrated strong growth from $50.5 million in 2018 to $129.8 million in 2022. This expansion was primarily driven by the tightening of building energy efficiency standards, which raised mandatory insulation requirements for glazing. Concurrently, rising energy prices shifted demand from both the residential and construction sectors towards units with superior thermal performance. Technological advancements, including the broader adoption of triple-glazing, low-E coatings, and warm-edge sealing, enhanced product offerings and stimulated market uptake. Significant investments in production capabilities, such as the upgrades implemented by a major glass manufacturer in Orosháza, boosted domestic productivity and competitiveness during this period.

After peaking in 2022, the market size corrected to $88.5 million in 2023 and further to $77.2 million in 2024. The industry continued to evolve towards more energy-efficient and sustainable solutions, with new product innovations like custom-sized and shaped insulating glass units gaining traction, even as the overall market volume adjusted following the previous years of rapid growth.

Production insulating glass units in Hungary

In value, 2018-2021, M $ US

In 2021, Hungary's output of insulating glass units was valued at 106.5 million US dollars, marking a sharp increase of 38.6% compared to the previous year. Over the period from 2018 to 2021, production grew by 51.9%, with a compound annual growth rate of 15.0%. The largest decline occurred in 2020, when production fell by 5.6%.

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

In kind, 2018-2021, K m²

Insulating glass units production in Hungary increased for the third consecutive year. In 2021, Hungary produced 3 361 thousand square meters of insulating glass units, which is 40.2% more than in the previous year. From 2018 to 2021, production rose by 92.6%, with a compound annual growth rate of 24.4%.

Annual dynamics of production in Hungary in kind, 2018-2021, K m²

Exports insulating glass units from Hungary

Exports in kind, K m²

After a two-year reduction, Hungary's volume of insulating glass units exports increased. In 2021, Hungary exported 931.7 thousand square meters of insulating glass units, up by 38.3% compared to the previous year. Over the period from 2018 to 2021, exports grew by 7.6%, with a compound annual growth rate of 2.5%. The minimum value was recorded in 2020 at 673.8 thousand square meters, following the largest decline in 2019 of 12.7%.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, K m²

From 2018 to 2021, Slovakia, Poland, and Romania were the largest buyers of insulating glass units from Hungary in terms of volume. Slovakia accounted for 43.0% of exports, Poland for 21.8%, and Romania for 16.1%. Together, these three countries formed 80.8% of Hungary's total exports in kind.

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

In 2021, Hungary's cross-border shipments of insulating glass units amounted to 39 553 thousand US dollars, indicating a sharp rise of 30.0% compared to 2020. Over the period from 2018 to 2021, exports increased by 32.2%, with a compound annual growth rate of 9.7%. The largest decline was recorded in 2020, when exports fell by 9.3%.

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

From 2018 to 2021, Slovakia, Poland, and Romania were the main destinations for Hungary's exports of insulating glass units in value terms. Slovakia represented 37.5% of exports, Poland 23.8%, and Romania 16.1%. Combined, these three countries accounted for 77.4% 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 insulating glass units to Hungary

Imports in kind, K m²

In 2021, Hungary's imports of insulating glass units were recorded at 438.9 thousand square meters, up by 39.3% compared to 2020. Between 2018 and 2021, imports increased by 5.8%, equating to an annualized rate of 1.9%. The maximum value was recorded in 2019 at 455.2 thousand square meters, while the minimum value was in 2020 at 315.2 thousand square meters, following the largest decline of 30.8% that year.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, K m²

Throughout 2018 to 2021, Croatia, Slovakia, and Austria remained the key partners for Hungary's imports of insulating glass units in terms of volume. Croatia accounted for 26.3% of imports, Slovakia for 22.3%, and Austria for 11.8%. Together, these three countries made up 60.5% 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

In 2021, Hungary's imports of insulating glass units came to 17 712 thousand US dollars, representing a steep improvement of 45.0% over the past year. Between 2018 and 2021, imports increased by 71.9%, equating to an annualized rate of 19.8%. The largest increase was recorded in 2019 at 49.4%, while the largest decline occurred in 2020, when imports fell by 20.6%.

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

From 2018 to 2021, the leading destinations for Hungary's imports of insulating glass units in value terms were Croatia, Slovakia, and Austria. Croatia accounted for 24.0% of imports, Slovakia for 18.8%, and Austria for 16.5%. Jointly, these three countries accounted for 59.2% 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