Aluminium Wire Price in Hungary - 2023

Aluminium Wire Price in Hungary (CIF) - 2022

In 2022, the average aluminium wire import price amounted to $3,124 per ton, which is down by -13.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 37% against the previous year. As a result, import price attained the peak level of $3,595 per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($20,272 per ton), while the price for Italy ($2,533 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Aluminium Wire Price in Hungary (FOB) - 2023

In July 2023, the average aluminium wire export price amounted to $4,087 per ton, surging by 3.9% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 14% month-to-month. As a result, the export price attained the peak level of $4,228 per ton. From May 2023 to July 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the Czech Republic ($15,366 per ton), while the average price for exports to Romania ($3,182 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Wire Imports in Hungary

After three years of growth, supplies from abroad of aluminium wires decreased by -0.7% to 31K tons in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 81% against the previous year.

In value terms, aluminium wire imports contracted to $96M in 2022. Over the period under review, imports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 90%.

Import of Aluminium Wire in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	4.2	10.2	13.7	22.9	76.0%
Romania	22.9	27.7	43.1	19.4	-5.4%
Germany	4.3	16.6	23.9	12.1	41.2%
Oman	N/A	N/A	N/A	11.9	0%
Netherlands	5.6	14.3	11.6	9.8	20.5%
Russia	3.1	9.1	13.4	8.6	40.5%
Turkey	N/A	N/A	N/A	6.0	0%
Others	2.3	2.6	5.2	5.0	29.5%
Total	42.5	80.6	111	95.7	31.1%

Top Suppliers of Aluminium Wire to Hungary in 2022:

Italy (9.1K tons)
Romania (7.1K tons)
Oman (4.1K tons)
Netherlands (3.5K tons)
Russia (3.2K tons)
Turkey (2.0K tons)
Germany (0.6K tons)

Aluminium Wire Exports in Hungary

After three years of growth, overseas shipments of aluminium wires decreased by -7% to 24K tons in 2022. The total export volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, the exports attained the peak of 25K tons, and then dropped in the following year.

In value terms, aluminium wire exports fell sharply to $65M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 56% against the previous year. As a result, the exports reached the peak of $80M, and then shrank notably in the following year.

Export of Aluminium Wire in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	10.8	13.2	15.2	12.2	4.1%
Romania	5.8	7.6	13.2	10.9	23.4%
Slovakia	7.8	7.7	11.3	8.1	1.3%
Bosnia and Herzegovina	2.8	3.5	4.1	7.3	37.6%
Germany	5.6	5.3	7.7	6.2	3.5%
Switzerland	1.2	1.4	2.1	3.4	41.5%
Croatia	0.1	0.1	3.6	2.6	196.2%
Italy	2.4	1.8	6.7	2.3	-1.4%
Serbia	1.3	0.7	1.7	2.1	17.3%
Netherlands	1.8	1.4	2.5	1.9	1.8%
Czech Republic	2.1	1.5	2.8	1.9	-3.3%
United States	0.9	2.6	2.2	1.9	28.3%
Sweden	1.7	1.7	1.5	1.2	-11.0%
Others	3.3	2.7	5.2	3.5	2.0%
Total	47.5	51.2	79.8	65.5	11.3%