Non-plasticised PVC compounds in primary forms market in Hungary

Earlier Report Observations

Between 2018 and 2024, the Hungarian market for non-plasticised PVC compounds in primary forms underwent a pronounced contraction in physical volume, falling from 17 895 t to 7 894 t. This represented a decline of more than 50% over the period, indicating a substantial reduction in domestic consumption. The market value in U.S. dollars showed greater volatility, peaking at 24 317 thousand $ US in 2022 before dropping sharply to 13 016 thousand $ US by 2024.

The volume decline began with a modest reduction in 2019, followed by a temporary recovery in 2020. A steep drop occurred in 2021, when market volume fell by nearly 4 000 t, and the downward trend continued through 2022 and 2024. Notably, the market's value increased in 2021 and 2022 despite falling volumes, suggesting shifts in pricing, product mix, or input costs that temporarily boosted the market's monetary size before the broader contraction took hold.

Production non-plasticised PVC compounds in primary forms in Hungary

In value, 2018-2021, K $ US

Hungary's production of non-plasticised PVC compounds in primary forms has increased for the second consecutive year. In 2021, output reached 22 554 thousand US dollars, marking a significant 40.1% rise compared to 2020. Over the period from 2018 to 2021, production grew by 22.3%, with a compound annual growth rate of 6.9%. The lowest value was recorded in 2019 at 16 045 thousand US dollars, which also saw the largest decline of 13.0%.

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

In kind, 2018-2021, t

In 2021, Hungary produced 14 354 tonnes of non-plasticised PVC compounds in primary forms, representing a 17.5% decrease from the previous year. Between 2018 and 2021, production fell by 16.4%, equating to an annualized decline of 5.8%. The highest volume was recorded in 2020 at 17 397 tonnes, which also experienced the largest increase of 7.6%.

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

Exports non-plasticised PVC compounds in primary forms from Hungary

Exports in kind, t

Hungary's exports of non-plasticised PVC compounds in primary forms have increased for the second consecutive year. In 2021, the country exported 4 951 tonnes, up by 44.2% compared to the previous year. Over the period from 2018 to 2021, exports grew by 50.3%, with a compound annual growth rate of 14.5%. The lowest volume was recorded in 2019 at 2 949 tonnes, which also saw the largest decline of 10.5%.

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

From 2018 to 2021, three principal markets—Serbia, Romania, and Czechia—collectively accounted for 59.8% of Hungary's total exports of non-plasticised PVC compounds in primary forms by volume.

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

The export market showed volatility during the observed period. Exports reached their lowest point in 2019 at 3 883 thousand US dollars, which also experienced the largest decline of 12.1%. By 2021, exports had surged to 8 931 thousand US dollars, marking a sharp 104.9% increase from 2020. Overall, exports varied by a factor of 2.3 between the low in 2019 and the high in 2021.

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

Throughout 2018 to 2021, the three largest markets—Serbia, Romania, and Czechia—remained central to Hungary's exports by value, together accounting for 52.7% of total 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-plasticised PVC compounds in primary forms to Hungary

Imports in kind, t

Hungary's imports of non-plasticised PVC compounds in primary forms have increased for the third consecutive year. In 2021, the country imported 9 145 tonnes, which is 9.4% higher than the previous year. Over the period from 2018 to 2021, imports grew by 20.9%, with a compound annual growth rate of 6.5%.

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

From 2018 to 2021, Germany, Italy, and Romania formed the core group of markets for Hungary's imports by volume. Germany accounted for 48.9% of imports, Italy for 15.6%, and Romania for 10.3%, together representing 74.8% 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 contraction, Hungary's imports of non-plasticised PVC compounds in primary forms increased in 2021. Import value reached 9 145 thousand US dollars, up by 44.0% from the previous year. Over the period from 2018 to 2021, imports grew by 40%, with a compound annual growth rate of 11.9%. The lowest value was recorded in 2020 at 6 353 thousand US dollars, while the largest decline occurred in 2019 at 1.9%.

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

Throughout 2018 to 2021, Germany, Italy, and Denmark were the key partners for Hungary's imports by value. Germany accounted for 43.7% of imports, Italy for 19.8%, and Denmark for 9.1%, jointly representing 72.6% of total flows.

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

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