Glass Container Market Overview in Hungary
In value terms, glass container production amounted to $ in 2018 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2018; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. Glass container production peaked in 2018 and is likely to see steady growth in the near future.
The revenue of the glass container market in Hungary amounted to $ in 2018, picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to 2018; however, the trend pattern remained relatively stable, with only minor fluctuations over the period under review. The pace of growth was the most pronounced in 2008 when the market value increased by % against the previous year. Over the period under review, the glass container market reached its peak figure level in 2018 and is expected to retain its growth in the immediate term.