Hungary - Flat-Rolled Products of Iron or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHungary: Flat-Rolled Steel Products Market 2024
Flat-Rolled Steel Products Market Size in Hungary
In 2023, after two years of growth, there was significant decline in the Hungarian flat-rolled steel products market, when its value decreased by X% to $X. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X, and then dropped in the following year.
Flat-Rolled Steel Products Production in Hungary
In value terms, flat-rolled steel products production contracted to $X in 2023 estimated in export price. In general, production, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.
Flat-Rolled Steel Products Exports
Exports from Hungary
In 2023, the amount of flat-rolled products of iron or non-alloy steel exported from Hungary dropped remarkably to X tons, waning by X% against the previous year. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.
In value terms, flat-rolled steel products exports contracted sharply to $X in 2023. In general, exports recorded a perceptible slump. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2022, and then shrank notably in the following year.
Exports by Country
Poland (X tons) was the main destination for flat-rolled steel products exports from Hungary, with a X% share of total exports. Moreover, flat-rolled steel products exports to Poland exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), eightfold. Slovakia (X tons) ranked third in terms of total exports with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Slovakia (X% per year).
In value terms, Poland ($X) remains the key foreign market for flat-rolled products of iron or non-alloy steel exports from Hungary, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.
From 2012 to 2023, the average annual growth rate of value to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Slovakia (X% per year).
Export Prices by Country
The average flat-rolled steel products export price stood at $X per ton in 2023, remaining stable against the previous year. Overall, export price indicated a slight expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, flat-rolled steel products export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.
There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.
Flat-Rolled Steel Products Imports
Imports into Hungary
In 2023, after two years of growth, there was significant decline in overseas purchases of flat-rolled products of iron or non-alloy steel, when their volume decreased by X% to X tons. Overall, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.
In value terms, flat-rolled steel products imports fell notably to $X in 2023. Over the period under review, imports saw a noticeable decline. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank sharply in the following year.
Imports by Country
In 2023, Slovakia (X tons) constituted the largest flat-rolled steel products supplier to Hungary, accounting for a X% share of total imports. Moreover, flat-rolled steel products imports from Slovakia exceeded the figures recorded by the second-largest supplier, Serbia (X tons), eightfold. Germany (X tons) ranked third in terms of total imports with a X% share.
From 2012 to 2023, the average annual growth rate of volume from Slovakia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (X% per year) and Germany (X% per year).
In value terms, Slovakia ($X) constituted the largest supplier of flat-rolled products of iron or non-alloy steel to Hungary, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Serbia, with an X% share.
From 2012 to 2023, the average annual growth rate of value from Slovakia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Serbia (X% per year).
Import Prices by Country
In 2023, the average flat-rolled steel products import price amounted to $X per ton, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The import price peaked in 2023 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the flat-rolled steel products market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24105110 - Tinplate, other tinned sheet and strip, including electrolytically chromium coated steel (ECCS)
- Prodcom 243220Z1 - Steel sheet and strip as well as cold-rolled slit strip (of nonalloy steel), hot-dipped or electrolytically metal-coated, of a width < .600 mm
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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