Rigid plastic tubes, pipes and hoses market in Hungary

Earlier Report Observations

The Hungarian market for rigid plastic tubes, pipes and hoses, measured in volume, experienced steady growth from 2018 to 2021. Starting at 40 419 t in 2018, market size increased to 44 973 t in 2019, then to 45 896 t in 2020, and reached 47 069 t in 2021. This represents a total expansion of 16.4% over the four-year period, with the most significant annual growth of 11.3% occurring in 2019.

In value terms, the market showed a different pattern. The market value declined from 72.7 million US dollars in 2018 to 69.0 million in 2019, stabilized at 70.6 million in 2020, and then surged by 46.0% to 103.1 million in 2021. This sharp increase in market value in 2021 coincided with a rise in production value to 123.2 million dollars and higher import values, suggesting changes in product mix or price levels.

Domestic production volume grew consistently over the period, from 44 590 t in 2018 to 52 515 t in 2021. Both imports and exports increased in volume and value, with exports remaining higher than imports throughout. The growth in market volume was supported by rising production, while the value dynamics reflected broader market conditions.

Production rigid plastic tubes, pipes and hoses in Hungary

In value, 2018-2021, M $ US

In Hungary, the output value of rigid plastic tubes, pipes and hoses reached 123.2 million US dollars in 2021, representing a sharp increase of 36.0% compared to 2020. Over the period from 2018 to 2021, production grew by 33.9%, with a compound annual growth rate of 10.2%. The lowest value was recorded in 2020 at 90.6 million US dollars, which also saw the largest decline of 8.1%.

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

In kind, 2018-2021, t

Hungary's production volume of rigid plastic tubes, pipes and hoses increased for the third consecutive year. In 2021, the country produced 52 515 tonnes, marking a modest year-over-year rise of 8.2%. From 2018 to 2021, production expanded by 17.8%, with a compound annual growth rate of 5.6%.

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

Exports rigid plastic tubes, pipes and hoses from Hungary

Exports in kind, t

Hungary's exports of rigid plastic tubes, pipes and hoses grew for the third year in a row. In 2021, exports totalled 20 688 tonnes, up 15.2% from the previous year. Between 2018 and 2021, exports increased by 41.3%, translating to an annualized growth rate of 12.2%.

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

From 2018 to 2021, France, Slovakia, and Germany were the primary destinations for Hungary's exports of rigid plastic tubes, pipes and hoses in volume terms. France accounted for 32.8% of exports, Slovakia for 17.6%, and Germany for 10.2%, together making up 60.6% 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 rigid plastic tubes, pipes and hoses stood at 84.93 million US dollars in 2021, a 16.6% increase year-over-year. Between 2018 and 2021, exports grew by 36.4%, with an annualized rate of 10.9%. The largest decline occurred in 2020 at 9.3%, while the highest increase was recorded in 2019 at 29.1%.

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

From 2018 to 2021, France, Germany, and Slovakia remained the main buyers of Hungary's rigid plastic tubes, pipes and hoses in value terms. France contributed 36.4% of export value, Germany 23.0%, and Slovakia 7.1%, collectively accounting for 66.5% of total exports.

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

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

Imports rigid plastic tubes, pipes and hoses to Hungary

Imports in kind, t

After two years of growth, Hungary's import volume of rigid plastic tubes, pipes and hoses declined. In 2021, imports amounted to 15 242 tonnes, remaining largely stable compared to 2020. Over the period from 2018 to 2021, imports increased by 45.6%, with an annualized growth rate of 13.3%. The peak volume was recorded in 2020 at 15 306 tonnes, following the largest increase of 36.7% in 2019.

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

Between 2018 and 2021, Hungary's import sources for rigid plastic tubes, pipes and hoses in volume terms were diverse. Serbia led with 20.2% of imports, followed by Germany at 14.7% and Romania at 13.3%. Together, these three countries accounted for 48.2% of total import flows, with no single partner dominating significantly.

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 rigid plastic tubes, pipes and hoses rose for the third consecutive year. In 2021, imports reached 64.78 million US dollars, up 22.6% from 2020. From 2018 to 2021, imports increased by 51%, with a compound annual growth rate of 14.7%.

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

From 2018 to 2021, Serbia, Germany, and Poland were the key sources for Hungary's imports of rigid plastic tubes, pipes and hoses in value terms. Serbia accounted for 22.2% of import value, Germany for 17.2%, and Poland for 11.2%, together making up 50.7% 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