Reinforced flexible tubes and hoses market in Hungary

Earlier Report Observations

Between 2018 and 2020, the Hungarian market for reinforced flexible tubes and hoses expanded significantly in physical volume, peaking at 5 475 t. This growth was supported by rising import volumes, while an 8.6% increase in average import prices in 2018 contributed to higher market value, even as exports also grew.

The market contracted sharply in 2023, with volume dropping to 2 180 t, as import prices reached a peak due to global raw material cost increases and supply chain disruptions. These higher costs dampened domestic demand, leading to a steep decline in both volume and value.

A partial recovery occurred in 2024, with market volume rising to 2 889 t, supported by a 5% decrease in import prices. This price reduction helped stimulate consumption, while export volumes also increased, indicating improved external demand conditions.

Production reinforced flexible tubes and hoses in Hungary

In value, 2018-2021, K $ US

In 2020, Hungary's production of reinforced flexible tubes and hoses was valued at 5 612 K $ US, representing a 19.9% decrease compared to 2019. The maximum value was recorded in 2019 at 7 007 K $ US, which also saw the largest annual increase of 50.4%. Over the period from 2018 to 2020, production grew by 20.4%, with a compound annual growth rate of 6.4%.

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

In kind, 2018-2021, t

In 2020, Hungary produced 2 204 t of reinforced flexible tubes and hoses, marking an 8.4% drop from the previous year. The maximum volume was recorded in 2019 at 2 407 t, which also experienced the largest annual increase of 60.4%. Between 2018 and 2020, production increased by 46.8%, equating to an annualized growth rate of 13.7%.

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

Exports reinforced flexible tubes and hoses from Hungary

Exports in kind, t

Hungary's export volume of reinforced flexible tubes and hoses declined for the second consecutive year. In 2021, exports totaled 2 615 t, showing a slight decrease of 1.3% compared to 2020. The maximum volume was recorded in 2019 at 3 465 t, which saw the largest annual increase of 47.7%. The largest decline occurred in 2020, with a drop of 23.5%. Over the period from 2018 to 2021, exports increased by 11.5%, with an annualized growth rate of 3.7%.

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

From 2018 to 2021, Germany, Romania, and France were the top destinations for Hungary's exports of reinforced flexible tubes and hoses in volume terms. Germany accounted for 22.8% of exports, Romania for 22.3%, and France for 7.2%. Together, these three countries comprised 52.3% 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 reinforced flexible tubes and hoses increased for the third consecutive year. In 2021, exports reached 29 633 K $ US, marking a gain of 16.7% compared to 2020. Over the period from 2018 to 2021, exports grew by 53.3%, with an annualized growth rate of 15.3%.

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

From 2018 to 2021, Germany, Romania, and Ukraine were notable buyers of reinforced flexible tubes and hoses from Hungary in value terms. Germany accounted for 21.2% of exports, Romania for 12.9%, and Ukraine for 7.9%. Their combined share reached 41.9% of total export value, indicating they were significant but not dominant partners.

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

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

Imports reinforced flexible tubes and hoses to Hungary

Imports in kind, t

In 2021, Hungary's imports of reinforced flexible tubes and hoses stood at 6 827 t, equivalent to a solid increase of 15.3% compared to 2020. The largest decline was recorded in 2020, with a drop of 3.1%, while the largest increase occurred in 2019, at 26.5%. Over the period from 2018 to 2021, imports increased by 41.4%, with a compound annual growth rate of 12.2%.

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

Throughout 2018 to 2021, Germany, Italy, and Belgium formed the key group of partners for Hungary's imports of reinforced flexible tubes and hoses in volume terms. Germany accounted for 28.8% of imports, Italy for 11.5%, and Belgium for 10.4%. Together, these three countries represented 50.7% 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

In 2021, Hungary's imports of reinforced flexible tubes and hoses amounted to 48 650 K $ US, marking a sharp increase of 39.7% year-over-year. The largest decline was recorded in 2020, with a drop of 3.5%. Over the period from 2018 to 2021, imports increased by 48.2%, with a compound annual growth rate of 14.0%.

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

Over 2018 to 2021, Germany, Italy, and Poland were the main directions for Hungary's imports of reinforced flexible tubes and hoses in value terms. Germany accounted for 41.7% of imports, Italy for 8.0%, and Poland for 5.7%. Together, these three countries absorbed 55.4% 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