Hungary - Metal Complete And Assembled Domestic Furniture - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMetal Domestic Furniture Price in Hungary - 2023
Contents:
- Metal Domestic Furniture Price in Hungary (CIF) - 2023
- Metal Domestic Furniture Price in Hungary (FOB) - 2023
- Metal Domestic Furniture Imports in Hungary
- Metal Domestic Furniture Exports in Hungary
Metal Domestic Furniture Price in Hungary (CIF) - 2023
The average metal domestic furniture import price stood at $4,449 per ton in July 2023, declining by -10.8% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 41% against the previous month. As a result, import price reached the peak level of $6,348 per ton. From May 2023 to July 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was South Korea ($20,935 per ton), while the price for Turkey ($2,970 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Domestic Furniture Price in Hungary (FOB) - 2023
In July 2023, the average metal domestic furniture export price amounted to $6,714 per ton, which is down by -11.4% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 35% month-to-month. The export price peaked at $9,999 per ton in March 2023; however, from April 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($22,946 per ton), while the average price for exports to Iraq ($25.0 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 China (+34.5%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Domestic Furniture Imports in Hungary
In 2022, after three years of growth, there was decline in purchases abroad of metal furniture, when their volume decreased by -1.9% to 36K tons. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 11% against the previous year.
In value terms, metal domestic furniture imports rose slightly to $171M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.5% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Metal Domestic Furniture in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.6 | 24.1 | 34.6 | 35.2 | 26.0% |
| Germany | 24.4 | 26.7 | 28.7 | 31.7 | 9.1% |
| Poland | 26.7 | 28.8 | 36.8 | 30.2 | 4.2% |
| Czech Republic | 8.5 | 8.6 | 8.8 | 9.4 | 3.4% |
| Italy | 5.2 | 5.0 | 5.6 | 7.2 | 11.5% |
| Austria | 8.9 | 6.2 | 8.4 | 7.1 | -7.3% |
| Slovakia | 5.3 | 5.1 | 6.3 | 6.3 | 5.9% |
| France | 2.7 | 3.3 | 7.7 | 6.2 | 31.9% |
| Turkey | 1.8 | 1.6 | 3.6 | 5.5 | 45.1% |
| Vietnam | 0.9 | 0.4 | 0.5 | 4.5 | 71.0% |
| Spain | 0.8 | 2.7 | 4.6 | 4.1 | 72.4% |
| Belgium | 0.9 | 0.6 | 3.0 | 3.7 | 60.2% |
| Others | 12.1 | 17.4 | 18.0 | 19.7 | 17.6% |
| Total | 116 | 130 | 167 | 171 | 13.8% |
Top Suppliers of Metal Domestic Furniture to Hungary in 2022:
- China (8.6K tons)
- Poland (7.4K tons)
- Germany (5.7K tons)
- Czech Republic (2.5K tons)
- Slovakia (2.0K tons)
- Spain (1.4K tons)
- Turkey (1.3K tons)
- Italy (1.2K tons)
- Belgium (1.2K tons)
- France (1.1K tons)
- Vietnam (1.0K tons)
- Austria (0.8K tons)
Metal Domestic Furniture Exports in Hungary
After three years of growth, overseas shipments of metal furniture decreased by -0.8% to 10K tons in 2022. The total export volume increased at an average annual rate of +13.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 24% against the previous year.
In value terms, metal domestic furniture exports expanded notably to $83M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 27%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Metal Domestic Furniture in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 29.5 | 32.2 | 36.5 | 39.9 | 10.6% |
| United States | 1.0 | 0.2 | 1.0 | 6.8 | 89.5% |
| Romania | 2.9 | 3.7 | 5.1 | 5.9 | 26.7% |
| Switzerland | 2.7 | 3.6 | 4.7 | 4.5 | 18.6% |
| Slovakia | 2.3 | 2.4 | 3.7 | 4.1 | 21.3% |
| Netherlands | 1.5 | 1.6 | 2.7 | 2.8 | 23.1% |
| Croatia | 0.8 | 0.6 | 1.1 | 2.4 | 44.2% |
| Serbia | 0.3 | 0.8 | 1.1 | 1.7 | 78.3% |
| Slovenia | 0.2 | 0.4 | 0.8 | 1.1 | 76.5% |
| Latvia | N/A | 0.3 | 1.0 | 1.1 | 91.5% |
| Bulgaria | 0.2 | 0.4 | 0.9 | 0.9 | 65.1% |
| Poland | 0.3 | 0.2 | 1.7 | 0.8 | 38.7% |
| Greece | 0.1 | 0.3 | 0.9 | 0.8 | 100.0% |
| Others | 10.6 | 14.1 | 16.3 | 10.2 | -1.3% |
| Total | 52.4 | 60.8 | 77.4 | 82.9 | 16.5% |
Top Export Markets for Metal Domestic Furniture from Hungary in 2022:
- Germany (4018.9 tons)
- Slovakia (1090.0 tons)
- Romania (791.1 tons)
- United States (778.3 tons)
- Croatia (533.2 tons)
- Netherlands (399.4 tons)
- Switzerland (348.6 tons)
- Serbia (335.9 tons)
- Latvia (262.7 tons)
- Slovenia (252.0 tons)
- Poland (208.8 tons)
- Greece (174.0 tons)
- Bulgaria (165.9 tons)
This report provides an in-depth analysis of the metal domestic furniture 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 31091100 - Metal furniture (excluding office, medical, surgical, dental or veterinary furniture, barbers
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
-
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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