Plastic shutters and blinds market in Hungary

Earlier Report Observations

The Hungarian market for plastic shutters and blinds expanded robustly from 2018 to 2022, with volume rising from 14 819 t to 28 183 t. This growth was primarily propelled by continuous product innovation and technological advancement. The period saw the introduction of motorized shutters with smart-home compatibility, thermally insulated blinds that cut heating costs, and enhanced designs like integrated mosquito nets and concealed boxes for better aesthetics. These improvements, coupled with rising demand for automated and energy-efficient solutions in new constructions, stimulated overall consumption.

After reaching a peak in 2022, the market volume contracted to 19 201 t in 2023 and further to 13 342 t in 2024. In value terms, the market declined from USD 72.5 million in 2022 to USD 56.0 million in 2024, marking a significant reversal of the previous upward trend.

Production plastic shutters and blinds in Hungary

In value, 2018-2021, K $ US

In 2021, Hungary's production of plastic shutters and blinds reached a value of 56 956 thousand US dollars, marking a significant 12.1% increase compared to 2020. Looking back to 2019, production saw its largest annual increase at 30.6%, while 2020 experienced the biggest decline of 9.5%. Over the entire period from 2018 to 2021, production grew by 32.6%, which translates to an average annual growth rate of 9.9%.

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

In kind, 2018-2021, t

Hungary's production volume of plastic shutters and blinds has grown for the third consecutive year. In 2021, the country produced 19 410 tonnes, showing a controlled increase of 5.7% from 2020. From 2018 to 2021, production surged by 80.7%, with a compound annual growth rate of 21.8%.

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

Exports plastic shutters and blinds from Hungary

Exports in kind, t

Hungary's export volume of plastic shutters and blinds has increased for the second year in a row. In 2021, exports stood at 1 026 tonnes, representing a 3.1% year-over-year uptick. The lowest point was in 2019 at 869 tonnes, which also saw the smallest decline of 0.0%. In contrast, 2020 recorded the largest increase at 14.4%. Overall, from 2018 to 2021, exports rose by 17.9%, with a compound annual growth rate of 5.7%.

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

From 2018 to 2021, Romania, Germany, and Austria were the leading destinations for Hungary's plastic shutters and blinds exports in volume terms. Romania accounted for 33.9% of exports, Germany for 27.2%, and Austria for 14.9%. Together, these three countries made up 76.0% 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 export value of plastic shutters and blinds has risen for the second consecutive year. In 2021, exports amounted to 8 795 thousand US dollars, showing a modest 5.2% year-over-year advance. The lowest value was recorded in 2019 at 6 074 thousand US dollars, which also saw a slight decline of 1.4%. In 2020, exports experienced the largest increase at 37.7%. Between 2018 and 2021, exports grew by 42.8%, equating to an average annual rate of 12.6%.

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

From 2018 to 2021, Germany, Romania, and Austria were the three principal markets for Hungary's plastic shutters and blinds exports in value terms. Together, they accounted for 78.0% 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 shutters and blinds to Hungary

Imports in kind, t

In 2021, Hungary's imports of plastic shutters and blinds reached 6 583 tonnes, which is 24.2% higher than in 2020. The largest decline occurred in 2020 at 6.9%. Over the period from 2018 to 2021, imports increased by 33.1%, with an average annual growth rate of 10.0%.

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

Between 2018 and 2021, Austria, Poland, and Czechia were the top suppliers of plastic shutters and blinds to Hungary in volume terms. Austria led with 38.5% of imports, followed by Poland at 36.0%, and Czechia at 8.5%. Collectively, these three countries represented 83.0% of total import volume.

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 import value of plastic shutters and blinds has grown for the third year in a row. In 2021, imports totaled 20 342 thousand US dollars, marking a 26.4% increase compared to the previous year. From 2018 to 2021, imports rose by 54.6%, with a compound annual growth rate of 15.6%.

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

Throughout 2018 to 2021, Poland, Germany, and Austria formed the core group of suppliers for Hungary's plastic shutters and blinds imports in value terms. Poland accounted for 44.6% of imports, Germany for 30.1%, and Austria for 9.2%. Together, they made up 83.9% 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