Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Hungary - 2023
Contents:
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Hungary (CIF) - 2022
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Hungary (FOB) - 2022
- Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Hungary
- Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Hungary
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Hungary (CIF) - 2022
The average import price for articles of precious metal or of metal clad with precious metal stood at $495,347 per ton in 2022, waning by -12.6% against the previous year. Over the period under review, the import price, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 136%. As a result, import price reached the peak level of $624,110 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,215,595 per ton), while the price for Austria ($28,254 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+138.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Hungary (FOB) - 2022
The average export price for articles of precious metal or of metal clad with precious metal stood at $325,059 per ton in 2022, falling by -10.2% against the previous year. In general, the export price continues to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 1,095% against the previous year. Over the period under review, the average export prices reached the peak figure at $8,310,583 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($663,984 per ton), while the average price for exports to Germany ($118,881 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 France (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Hungary
Imports of articles of precious metal or of metal clad with precious metal into Hungary rose markedly to 41 tons in 2022, increasing by 5.1% against 2021 figures. In general, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 5.5% against the previous year.
In value terms, imports of articles of precious metal or of metal clad with precious metal fell to $20M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 15%. As a result, imports reached the peak of $23M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Articles of Precious Metal or of Metal Clad with Precious Metal in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 18.2 | 22.3 | 15.9 | 14.1 | -8.2% |
| Turkey | N/A | 0.1 | 2.9 | 2.7 | 419.6% |
| Morocco | N/A | 0.2 | 1.2 | 1.7 | 191.5% |
| Malaysia | 0.1 | 0.1 | 0.2 | 0.8 | 100.0% |
| Singapore | 1.2 | N/A | 1.4 | 0.6 | -20.6% |
| Austria | N/A | N/A | N/A | 0.1 | 0% |
| Slovakia | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.5 | 0.3 | 0.3 | 0.4 | -7.2% |
| Total | 20.1 | 23.1 | 22.1 | 20.3 | 0.3% |
Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to Hungary in 2022:
- Germany (11.6 tons)
- Turkey (9.2 tons)
- Morocco (8.8 tons)
- Malaysia (6.7 tons)
- Austria (1.8 tons)
- Slovakia (1.4 tons)
- Singapore (0.3 tons)
Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Hungary
For the third year in a row, Hungary recorded decline in shipments abroad of articles of precious metal or of metal clad with precious metal, which decreased by -26.1% to 15 tons in 2022. Over the period under review, exports showed a dramatic slump. The smallest decline of -4.2% was in 2021.
In value terms, exports of articles of precious metal or of metal clad with precious metal contracted remarkably to $4.8M in 2022. Overall, exports saw a sharp contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 1.1% against the previous year.
| Export of Articles of Precious Metal or of Metal Clad with Precious Metal in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | 22.0 | 43.6 | 4,137 | 2,477 | 382.9% |
| Germany | 634 | 333 | 1,013 | 798 | 8.0% |
| France | 870 | 350 | 515 | 378 | -24.3% |
| United States | 587 | 383 | 112 | 248 | -25.0% |
| United Kingdom | 633 | 425 | 413 | 237 | -27.9% |
| Italy | 139 | 175 | 229 | 153 | 3.3% |
| Czech Republic | 97.1 | 114 | 163 | 149 | 15.3% |
| Slovakia | 8,920 | 4,700 | 1.7 | 1.3 | -94.7% |
| Hong Kong SAR | 3,993 | 128 | N/A | N/A | -96.8% |
| Others | 868 | 480 | 629 | 351 | -26.1% |
| Total | 16,763 | 7,132 | 7,213 | 4,790 | -34.1% |
Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from Hungary in 2022:
- Germany (6.7 tons)
- Morocco (3.8 tons)
- United States (1.4 tons)
- Italy (0.7 tons)
- United Kingdom (0.7 tons)
- France (0.6 tons)
- Czech Republic (0.3 tons)
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