Hungary - Base Metal Furniture Locks - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Furniture Lock Price in Hungary - 2023
Contents:
- Metal Furniture Lock Price in Hungary (CIF) - 2022
- Metal Furniture Lock Price in Hungary (FOB) - 2022
- Metal Furniture Lock Imports in Hungary
- Metal Furniture Lock Exports in Hungary
Metal Furniture Lock Price in Hungary (CIF) - 2022
In 2022, the average metal furniture lock import price amounted to $13,545 per ton, declining by -30.2% against the previous year. Overall, the import price recorded a pronounced slump. The growth pace was the most rapid in 2018 when the average import price increased by 27%. The import price peaked at $22,897 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($37,689 per ton), while the price for Slovenia ($5,492 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.0%), while the prices for the other major suppliers experienced a decline.
Metal Furniture Lock Price in Hungary (FOB) - 2022
In 2022, the average metal furniture lock export price amounted to $29,162 per ton, increasing by 18% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal furniture lock export price increased by +54.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 33%. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($52,705 per ton), while the average price for exports to Italy ($14,339 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Furniture Lock Imports in Hungary
In 2022, the amount of base metal furniture locks imported into Hungary skyrocketed to 117 tons, growing by 16% against 2021 figures. The total import volume increased at an average annual rate of +4.8% 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 2021 with an increase of 26% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, metal furniture lock imports declined sharply to $1.6M in 2022. Overall, imports, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. As a result, imports reached the peak of $2M, and then dropped markedly in the following year.
| Import of Metal Furniture Lock in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 667 | 417 | 848 | 441 | -12.9% |
| China | 166 | 290 | 277 | 387 | 32.6% |
| Austria | 39.2 | 40.1 | 45.4 | 188 | 68.6% |
| Slovenia | 5.0 | 4.5 | 51.6 | 85.3 | 157.4% |
| France | 55.4 | 37.6 | 62.3 | 55.3 | -0.1% |
| Czech Republic | 111 | 52.5 | 67.8 | 46.7 | -25.1% |
| Spain | 55.8 | 38.3 | 126 | 39.0 | -11.3% |
| Others | 605 | 466 | 486 | 345 | -17.1% |
| Total | 1,705 | 1,346 | 1,964 | 1,587 | -2.4% |
Top Suppliers of Metal Furniture Lock to Hungary in 2022:
- China (51.6 tons)
- Germany (25.9 tons)
- Slovenia (15.5 tons)
- Austria (6.3 tons)
- Spain (4.8 tons)
- Czech Republic (3.0 tons)
- France (2.3 tons)
Metal Furniture Lock Exports in Hungary
In 2022, overseas shipments of base metal furniture locks decreased by -2.8% to 16 tons, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 1.6% against the previous year. As a result, the exports reached the peak of 22 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, metal furniture lock exports rose rapidly to $467K in 2022. Overall, exports, however, showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Metal Furniture Lock in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 138 | 94.5 | 97.0 | 135 | -0.7% |
| Serbia | 55.5 | 38.6 | 42.4 | 75.3 | 10.7% |
| Croatia | 46.4 | 37.4 | 37.1 | 54.9 | 5.8% |
| Italy | 40.2 | 59.1 | 29.9 | 42.9 | 2.2% |
| Slovenia | 39.9 | 28.6 | 31.0 | 34.8 | -4.5% |
| Austria | 26.4 | 14.5 | 26.8 | 26.2 | -0.3% |
| Czech Republic | 25.1 | 14.5 | 20.6 | 23.9 | -1.6% |
| Bulgaria | 29.6 | 25.6 | 25.9 | 19.3 | -13.3% |
| Slovakia | 21.5 | 10.2 | 15.0 | 18.3 | -5.2% |
| Germany | 6.8 | 36.2 | 7.9 | 12.0 | 20.8% |
| Bosnia and Herzegovina | 8.3 | 4.2 | 5.6 | 9.4 | 4.2% |
| South Africa | 11.5 | 4.3 | 5.7 | 3.7 | -31.5% |
| China | N/A | 10.2 | N/A | N/A | 0% |
| Others | 14.5 | 38.5 | 62.9 | 10.8 | -9.4% |
| Total | 464 | 416 | 408 | 467 | 0.2% |
Top Export Markets for Metal Furniture Lock from Hungary in 2022:
- Serbia (3.8 tons)
- Romania (3.1 tons)
- Italy (3.0 tons)
- Croatia (2.1 tons)
- Slovenia (0.7 tons)
- Czech Republic (0.6 tons)
- Bosnia and Herzegovina (0.6 tons)
- Austria (0.5 tons)
- Slovakia (0.5 tons)
- Bulgaria (0.4 tons)
- Germany (0.3 tons)
- South Africa (0.2 tons)
This report provides an in-depth analysis of the metal furniture lock 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 25721170 - Base metal furniture locks
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
-
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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