Hungary - Iron and Steel Wire - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Iron and Steel Wire in Hungary - 2023
Contents:
- Price for Iron and Steel Wire in Hungary (CIF) - 2023
- Price for Iron and Steel Wire in Hungary (FOB) - 2022
- Imports of Iron and Steel Wire in Hungary
- Exports of Iron and Steel Wire in Hungary
Price for Iron and Steel Wire in Hungary (CIF) - 2023
In September 2023, the average iron and steel wire import price amounted to $1,781 per ton, jumping by 27% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.4%. The import price peaked at $1,866 per ton in January 2023; however, from February 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($1,964 per ton), while the price for Ukraine ($894 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron and Steel Wire in Hungary (FOB) - 2022
In 2022, the average iron and steel wire export price amounted to $1,832 per ton, growing by 25% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron and steel wire export price increased by +82.1% against 2016 indices. The pace of growth was the most pronounced in 2018 an increase of 28% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($3,832 per ton), while the average price for exports to the Czech Republic ($1,014 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 Germany (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron and Steel Wire in Hungary
In 2022, overseas purchases of iron and steel wire decreased by -7.3% to 85K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 8% against the previous year. As a result, imports reached the peak of 92K tons, and then reduced in the following year.
In value terms, iron and steel wire imports reached $144M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.7% 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 +49.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 37% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Iron and Steel Wire in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 21.7 | 20.8 | 25.7 | 21.5 | -0.3% |
| Slovakia | 9.8 | 11.0 | 16.3 | 21.0 | 28.9% |
| Austria | 12.0 | 11.4 | 16.1 | 20.6 | 19.7% |
| Italy | 10.3 | 9.1 | 17.1 | 19.7 | 24.1% |
| Czech Republic | 11.0 | 8.5 | 8.6 | 9.4 | -5.1% |
| Sweden | 2.2 | 4.5 | 7.9 | 7.7 | 51.8% |
| Vietnam | 3.7 | 3.3 | 4.1 | 6.0 | 17.5% |
| Ukraine | 2.2 | 3.8 | 4.5 | 5.4 | 34.9% |
| Poland | 3.0 | 3.0 | 3.9 | 4.5 | 14.5% |
| China | 2.2 | 2.4 | 3.1 | 4.0 | 22.1% |
| Luxembourg | 3.1 | 2.8 | 3.1 | 3.2 | 1.1% |
| Romania | 5.3 | 3.5 | 6.0 | 3.1 | -16.4% |
| Turkey | 0.8 | 0.7 | 1.0 | 2.7 | 50.0% |
| Others | 15.6 | 11.3 | 13.7 | 14.8 | -1.7% |
| Total | 103 | 96.0 | 131 | 144 | 11.8% |
Top Suppliers of Iron and Steel Wire to Hungary in 2022:
- Austria (14.7K tons)
- Italy (14.1K tons)
- Germany (12.3K tons)
- Slovakia (12.1K tons)
- Ukraine (4.5K tons)
- Czech Republic (4.5K tons)
- Sweden (3.2K tons)
- Vietnam (3.1K tons)
- Romania (2.5K tons)
- Poland (2.5K tons)
- China (2.4K tons)
- Luxembourg (1.9K tons)
- Turkey (1.7K tons)
Exports of Iron and Steel Wire in Hungary
In 2022, approx. 10K tons of iron and steel wire were exported from Hungary; picking up by 26% against 2021 figures. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +18.9% 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 +68.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 29% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, iron and steel wire exports skyrocketed to $19M in 2022. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron and Steel Wire in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,197 | 1,085 | 1,932 | 3,062 | 36.8% |
| Poland | 1,486 | 6,180 | 1,207 | 2,874 | 24.6% |
| France | 9.1 | 169 | 518 | 2,587 | 557.5% |
| Czech Republic | 29.6 | 98.0 | 1,019 | 2,533 | 340.7% |
| Slovakia | 553 | 524 | 707 | 1,221 | 30.2% |
| Serbia | 619 | 963 | 1,001 | 1,141 | 22.6% |
| Austria | 369 | 363 | 575 | 584 | 16.5% |
| Romania | 609 | 453 | 1,064 | 519 | -5.2% |
| Croatia | 51.9 | 61.5 | 156 | 440 | 103.9% |
| Germany | 1,618 | 407 | 589 | 359 | -39.5% |
| Ukraine | 298 | 556 | 439 | 129 | -24.4% |
| Belgium | 85.8 | 184 | 278 | 115 | 10.3% |
| Bulgaria | 234 | 373 | 791 | 33.8 | -47.5% |
| Others | 770 | 821 | 1,710 | 3,315 | 62.7% |
| Total | 7,929 | 12,238 | 11,988 | 18,913 | 33.6% |
Top Export Markets for Iron and Steel Wire from Hungary in 2022:
- Czech Republic (2498.9 tons)
- Netherlands (1702.9 tons)
- Poland (1612.2 tons)
- France (1592.3 tons)
- Slovakia (861.6 tons)
- Serbia (419.3 tons)
- Austria (345.5 tons)
- Romania (344.3 tons)
- Croatia (330.8 tons)
- Germany (93.6 tons)
- Ukraine (89.7 tons)
- Belgium (72.3 tons)
- Bulgaria (21.4 tons)
This report provides an in-depth analysis of the market for iron and steel wire 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 24341130 - Iron or non-alloy steel wire containing < 0,25 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing - duplex wire - saw-tooth wire, insulated electric wire
- Prodcom 24341150 - Iron or non-alloy steel wire containing 0,25-0,6 % of carbon including crimped wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
- Prodcom 24341170 - Iron or non-alloy steel wire containing . 0,6 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
- Prodcom 24341200 - Stainless steel wire (excluding very fine sterile stainless wire used for surgical sutures)
- Prodcom 24341300 - Alloy steel wire (excluding stranded wire, barbed wire of a kind used for fencing, duplex wire, saw-tooth wire, insulated electric wire, of stainless steel)
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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This report provides an in-depth analysis of the market for iron and steel wire in Hungary.
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This report provides an in-depth analysis of the market for iron and steel wire in Hungary.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in Hungary.
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This report provides an in-depth analysis of the market for iron and steel wire in Hungary.
503
This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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Discover the top import markets for iron and steel wire and key statistics on their import values. Learn about the global demand for this essential material.
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Explore the top countries importing iron and steel wire in 2023 and the factors driving their demand. Get insights into the global market for these essential materials.
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In value terms, wire of other alloy steel imports stood at $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual rate of +...
1477
In value terms, barbed wire of iron and steel imports amounted to $X in 2016. In general, barbed wire of iron and steel imports continue to indicate a mild slump. Over the period under review, glob...
973
In value terms, wires, rods, tubes, plates, electrodes of base metal imports totaled $X in 2016. In general, wires, rods, tubes, plates, electrodes of base metal imports continue to indicate a mild...
1194
In value terms, wire of other alloy steel exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some...
647
In value terms, barbed wire of iron and steel exports totaled $X in 2016. In general, barbed wire of iron and steel exports continue to indicate a relatively flat trend pattern. Over the period und...
899
In value terms, wires, rods, tubes, plates, electrodes of base metal exports amounted to $X in 2016. Overall, wires, rods, tubes, plates, electrodes of base metal exports continue to indicate a sli...
3499
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
727
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
