PE sacks and bags market in Hungary

Earlier Report Observations

The market for PE sacks and bags in Hungary experienced significant fluctuations between 2018 and 2024. After an initial contraction that saw market value fall from 252.8 million US dollars in 2018 to 221.7 million in 2020, a strong expansion phase followed, lifting the market to a peak of 325.8 million in 2022. This growth was abruptly reversed in 2023, with the market shrinking to 237.4 million, before a partial recovery to 269.6 million in 2024.

These market movements were closely mirrored by domestic production, which followed a similar pattern of decline, recovery, and contraction. The value of production dropped from 260.3 million in 2018 to 230.1 million in 2020, then surged to 323.4 million in 2022, fell sharply in 2023, and rose again in 2024. The volatility in market size was also influenced by shifts in the balance between imports and exports over the period.

Over the entire six-year span, the market demonstrated resilience, ending 2024 at a value 6.6% higher than in 2018, despite the intermediate volatility and a pronounced peak in 2022.

Production PE sacks and bags in Hungary

In value, 2018-2021, M $ US

Following two consecutive years of decline, Hungary's production of PE sacks and bags has rebounded. In 2021, the output value reached 303.1 million US dollars, marking a significant increase of 31.7% compared to 2020. Over the period from 2018 to 2021, production grew by 16.4%, which translates to an average annual growth rate of 5.2%. The lowest value was recorded in 2020 at 230.1 million US dollars, with the largest decline of 8.5% also occurring that year.

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

In kind, 2018-2021, t

After two years of decline, Hungary's production of PE sacks and bags in physical terms has shown a strong recovery. In 2021, the country produced 90 510 tonnes, representing a dramatic increase of 65.0% from 2020. From 2018 to 2021, production rose by 56.2%, equating to an annualized growth rate of 16.0%. The minimum production level was recorded in 2020 at 54 870 tonnes, with the largest decline of 4.0% also taking place that year.

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

Exports PE sacks and bags from Hungary

Exports in kind, t

Following two years of growth, Hungary's export volume of PE sacks and bags declined in 2021. The country exported 20 014 tonnes, which is 2.1% lower than the previous year. Over the 2018-2021 period, exports increased by 11.6%, with a compound annual growth rate of 3.7%. The peak export volume was recorded in 2020 at 20 438 tonnes, with the largest increase of 9.7% also occurring that year.

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

Between 2018 and 2021, Hungary's exports of PE sacks and bags in physical terms were distributed across multiple countries without a single dominant partner. Germany accounted for 28.4% of exports, the Netherlands for 10.2%, and Slovakia for 8.2%. Together, these three countries represented 46.8% 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 PE sacks and bags in value terms have increased for the second consecutive year. In 2021, export value reached 85 530 thousand US dollars, showing a 24.9% advance compared to the previous year. Over the 2018-2021 period, exports grew by 25.7%, with a compound annual growth rate of 7.9%. The lowest export value was recorded in 2019 at 67 639 thousand US dollars, with the largest decline of 0.6% also occurring that year.

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

From 2018 to 2021, Hungary's exports of PE sacks and bags in value terms were widely dispersed across partner countries. Germany accounted for 26.1% of export value, Slovakia for 11.8%, and Italy for 11.0%. Together, these three countries represented 48.9% 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 PE sacks and bags to Hungary

Imports in kind, t

After two years of decline, Hungary's imports of PE sacks and bags in physical terms increased in 2021. Import volume reached 26 059 tonnes, representing a substantial 21.7% increase year-over-year. Between 2018 and 2021, imports grew by 13.3%, equating to an annualized growth rate of 4.3%. The minimum import volume was recorded in 2020 at 21 405 tonnes, with the largest decline of 5.6% also occurring that year.

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

During the 2018-2021 period, Germany, Poland, and China were the main sources for Hungary's imports of PE sacks and bags in physical terms. Germany accounted for 34.7% of imports, Poland for 27.5%, and China for 9.7%. Together, these three countries represented 71.9% 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 PE sacks and bags in value terms have increased for the second consecutive year. In 2021, import value stood at 67 830 thousand US dollars, which is 13.0% higher compared to 2020. Over the 2018-2021 period, imports increased by 12.2%, with a compound annual growth rate of 3.9%. The lowest import value was recorded in 2019 at 54 725 thousand US dollars, with the largest decline of 9.5% also occurring that year.

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

Between 2018 and 2021, Germany, Poland, and Austria were the main sources for Hungary's imports of PE sacks and bags in value terms. Germany accounted for 27.6% of import value, Poland for 18.8%, and Austria for 10.0%. Together, these three countries absorbed 56.4% 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