Plastic fittings for furniture and coachwork market in Hungary

Earlier Report Observations

The Hungarian market for plastic fittings started at 252.5 million US dollars in 2018, supported by active local wholesalers and distributors like Lenkei and Dósafa, who offered a wide product range. New product segments, such as built-in LED lighting and modern handles, gained popularity, stimulating consumer interest. However, the market size declined to 193.2 million US dollars in 2019 and fell sharply to 119.0 million US dollars in 2020, coinciding with the global COVID-19 pandemic, which disrupted supply chains and logistics. In response, local companies increased online sales to adapt to changing consumer behavior.

Following the downturn, the market stabilized at 121.4 million US dollars in 2021 as manufacturers continued to focus on quality and innovation, introducing new drawer systems and sliding mechanisms. Consumer trends shifted towards aesthetic value and furniture lighting. Growth resumed in 2022, reaching 137.6 million US dollars, driven by local players expanding their portfolios with modern, functional fittings. A significant surge occurred in 2023, with the market peaking at 212.8 million US dollars, before a slight correction to 204.8 million US dollars in 2024.

Production plastic fittings for furniture and coachwork in Hungary

In value, 2018-2021, K $ US

After a two-year decline, Hungary's production of plastic fittings for furniture and coachwork rebounded in value terms. In 2021, output reached 64 294 thousand US dollars, marking a robust 20.0% increase from the previous year. However, over the 2018-2021 period, production fell by 19.5%, with a compound annual growth rate of -7.0%. The lowest value was recorded in 2020 at 53 559 thousand US dollars, which also saw the largest decline of 24.5%.

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

In kind, 2018-2021, t

In 2021, Hungary produced 12 250 tonnes of plastic fittings for furniture and coachwork, showing a modest 8.7% rise from a year earlier. Over the 2018-2021 span, production decreased by 13.8%, with a compound annual growth rate of -4.8%. The minimum volume occurred in 2020 at 11 269 tonnes, while the maximum was in 2019 at 14 275 tonnes. The largest drop of 21.1% was recorded in 2020.

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

Exports plastic fittings for furniture and coachwork from Hungary

Exports in kind, t

Following a two-year downturn, Hungary's exports of plastic fittings for furniture and coachwork recovered in volume. In 2021, exports totaled 13 487 tonnes, up 9.0% year-on-year. From 2018 to 2021, exports fell by 24.3%, equating to an annualized decline of 8.9%. The lowest volume was in 2020 at 12 369 tonnes, which also experienced the largest decrease of 21.1%.

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

From 2018 to 2021, Germany, Slovakia, and Spain were the key markets for Hungary's exports of plastic fittings for furniture and coachwork in volume terms. Germany accounted for 43.4% of exports, Slovakia for 10.3%, and Spain for 6.5%, together making up 60.1% 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, M $ US

Hungary's exports of plastic fittings for furniture and coachwork in value terms showed a strong recovery in 2021, reaching 130.0 million US dollars, a 13.5% increase from 2020. Over the 2018-2021 period, exports grew by 2.4%, with an annualized rate of 0.8%. The minimum value was recorded in 2020 at 114.6 million US dollars, while the maximum was in 2019 at 136.0 million US dollars. The largest decline of 15.7% occurred in 2020.

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

Between 2018 and 2021, Germany, Slovakia, and the United Kingdom formed the core group of markets for Hungary's exports in value terms. Germany represented 33.0% of exports, Slovakia 11.2%, and the United Kingdom 6.9%, collectively accounting for 51.2% of total export value.

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

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

Imports plastic fittings for furniture and coachwork to Hungary

Imports in kind, t

Hungary's imports of plastic fittings for furniture and coachwork in volume terms saw notable fluctuations from 2018 to 2021. The highest volume was in 2019 at 22 492 tonnes, while the lowest was in 2018, with a peak-to-trough ratio of 2.1 times. In 2021, imports totaled 12 497 tonnes, up 10.6% from the previous year. The largest decline of 49.8% was recorded in 2020, and the largest increase of 111.5% occurred in 2019.

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

From 2018 to 2021, Germany, Czechia, and Poland were the primary sources for Hungary's imports of plastic fittings for furniture and coachwork in volume terms. Germany contributed 36.1% of imports, Czechia 24.1%, and Poland 13.6%, together representing 73.8% 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, M $ US

After a two-year reduction, Hungary's imports of plastic fittings for furniture and coachwork in value terms increased in 2021, reaching approximately 187.1 million US dollars, a 4.0% rise from 2020. Over the 2018-2021 period, imports decreased by 37.6%, with a compound annual growth rate of -14.5%. The minimum value was in 2020 at 180.0 million US dollars, which also saw the largest decline of 30.3%.

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

Between 2018 and 2021, Czechia, Germany, and Slovakia were the main sources for Hungary's imports of plastic fittings for furniture and coachwork in value terms. Czechia accounted for 33.9% of imports, Germany for 28.7%, and Slovakia for 17.6%, collectively making up 80.2% of total import value.

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

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