Not reinforced or laminated non-cellular acrylic sheets market in Hungary

Earlier Report Observations

The market for not reinforced or laminated non-cellular acrylic sheets in Hungary showed considerable movement between 2018 and 2024. Market volume in physical terms rose sharply to a high of 4 088 t in 2019, then gradually contracted to 2 550 t by 2023 before partially recovering to 2 922 t in 2024. In value terms, the market expanded from $11.5 million in 2018 to $18.1 million in 2021, fell back to $12.6 million in 2023, and then increased to $14.0 million in 2024.

The market's rebound in 2024 was accompanied by peak export and import prices for plastic sheets, contributing to the higher market value recorded that year. Throughout the period, the Hungarian market's supply was characterized by a strong dependence on imported material, with Germany being the dominant source, which shaped overall availability and cost structures.

Production not reinforced or laminated non-cellular acrylic sheets in Hungary

In value, 2018-2021, K $ US

In Hungary, the production value of not reinforced or laminated non-cellular acrylic sheets reached 3 517 K $ US in 2021, marking a significant increase of 30.8% compared to the previous year. Over the period from 2018 to 2021, production grew by 15.3%, with an average annual growth rate of 4.9%. The highest production value was recorded in 2019 at 4 094 K $ US, while the lowest was in 2020 at 2 689 K $ US. The largest decline occurred in 2020, dropping by 34.3%, and the largest increase was in 2019, rising by 34.3%.

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

In kind, 2018-2021, t

The data shows irregular changes, pointing to a volatile market environment. Production peaked in 2019 and hit its lowest point in 2020, with a 3.1-fold difference between these years. In 2021, Hungary produced 978 tonnes of not reinforced or laminated non-cellular acrylic sheets, representing a dramatic gain of 29.9% from the previous year. The maximum production volume was 2 338 tonnes in 2019, and the minimum was 753 tonnes in 2020. The largest decline was in 2020, falling by 67.8%, while the largest increase was in 2019, surging by 122.7%.

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

Exports not reinforced or laminated non-cellular acrylic sheets from Hungary

Exports in kind, t

The data reveals irregular changes, indicating a volatile market environment. Exports reached their lowest point in 2019 and peaked in 2020, with a 2.3-fold gap between these years. In 2021, deliveries of not reinforced or laminated non-cellular acrylic sheets from Hungary totalled 86 tonnes, reflecting a sharp decrease of 28.1% compared to 2020. The minimum export volume was 53 tonnes in 2019, and the maximum was 119 tonnes in 2020. The largest decline occurred in 2019, dropping by 31.9%, and the largest increase was in 2020, rising by 125.9%.

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

From 2018 to 2021, Austria, Serbia, and Romania were the top buyers of not reinforced or laminated non-cellular acrylic sheets from Hungary, accounting for 56.8% of total exports in kind. Austria led with 22.0% of exports, followed by Serbia at 21.3%, and Romania at 13.6%.

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 exports of not reinforced or laminated non-cellular acrylic sheets reached 395 K $ US, equivalent to a drop of 52.9% compared to 2020. Between 2018 and 2021, exports decreased by 34.9%, equating to an annualized rate of 13.3%. The maximum export value was recorded in 2020 at 838 K $ US, with the largest increase that year at 56.2%.

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

Over the period from 2018 to 2021, Austria, Serbia, and Germany stood out as the main markets for exports in value terms, together representing 67.8% of total flows. Austria accounted for 30.9% of exports, Serbia for 20.5%, and Germany for 16.4%.

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

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

Imports not reinforced or laminated non-cellular acrylic sheets to Hungary

Imports in kind, t

After two years of gains, Hungary's import volume of not reinforced or laminated non-cellular acrylic sheets declined. In 2021, imports reached 2 743 tonnes, equivalent to a moderate decrease of 9.0% compared to 2020. Between 2018 and 2021, imports increased by 66.4%, equating to an annualized rate of 18.5%. The maximum import volume was recorded in 2020 at 3 015 tonnes, with the largest increase that year at 67.3%.

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

From 2018 to 2021, the United States, Germany, and Slovakia were the main sources in the geographical breakdown of imports in kind to Hungary, with a combined share of 55.5% of total flows. The United States accounted for 28.8% of imports, Germany for 15.2%, and Slovakia for 11.5%.

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

Imports of not reinforced or laminated non-cellular acrylic sheets into Hungary increased for the second consecutive year. In 2021, import value stood at 14 932 K $ US, corresponding to an improvement of 22.8% compared to 2020. Over the period from 2018 to 2021, imports increased by 65.1%, with a compound annual growth rate of 18.2%. The minimum import value was recorded in 2019 at 8 046 K $ US, with the largest decline that year at 11.0%, and the largest increase in 2020 at 51.1%.

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

From 2018 to 2021, the United States, Germany, and Slovakia continued to head the list of suppliers of not reinforced or laminated non-cellular acrylic sheets to Hungary, jointly taking 61.5% of total imports in value terms. The United States accounted for 33.1% of imports, Germany for 20.1%, and Slovakia for 8.3%.

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

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