Price for Railway or Tramway Track Constructions of Iron or Steel in Hungary - 2023

Contents:

1. Price for Railway or Tramway Track Constructions of Iron or Steel in Hungary (CIF) - 2023
2. Price for Railway or Tramway Track Constructions of Iron or Steel in Hungary (FOB) - 2023
3. Imports of Railway or Tramway Track Constructions of Iron or Steel in Hungary
4. Exports of Railway or Tramway Track Constructions of Iron or Steel in Hungary

Price for Railway or Tramway Track Constructions of Iron or Steel in Hungary (CIF) - 2023

The average import price for railway or tramway track constructions of iron or steel stood at $1,679 per ton in December 2023, surging by 1.7% against the previous month. Over the period under review, the import price posted measured growth. The pace of growth appeared the most rapid in January 2023 an increase of 203% m-o-m. As a result, import price attained the peak level of $3,100 per ton. From February 2023 to December 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($2,968 per ton), while the price for Poland ($1,277 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Austria (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Railway or Tramway Track Constructions of Iron or Steel in Hungary (FOB) - 2023

The average export price for railway or tramway track constructions of iron or steel stood at $12,788 per ton in November 2023, jumping by 61% against the previous month. Overall, the export price saw a remarkable increase. The pace of growth was the most pronounced in December 2022 when the average export price increased by 270% m-o-m. As a result, the export price reached the peak level of $24,748 per ton. From January 2023 to November 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was India ($14,587 per ton), while the average price for exports to Germany stood at $7,964 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.5%).

Imports of Railway or Tramway Track Constructions of Iron or Steel in Hungary

After two years of decline, overseas purchases of railway or tramway track constructions of iron or steel increased by 81% to 32K tons in 2022. Over the period under review, total imports indicated a measured increase from 2019 to 2022: its volume increased at an average annual rate of +4.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of railway or tramway track constructions of iron or steel soared to $38M in 2022. Overall, imports, however, recorded a deep setback.

Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to Hungary in 2022:

1. Austria (20.5K tons)
2. Czech Republic (7.2K tons)
3. Germany (2.5K tons)
4. Poland (1.1K tons)
5. France (0.5K tons)

Exports of Railway or Tramway Track Constructions of Iron or Steel in Hungary

In 2022, overseas shipments of railway or tramway track constructions of iron or steel were finally on the rise to reach 336 tons after two years of decline. In general, exports, however, recorded a significant decline.

In value terms, exports of railway or tramway track constructions of iron or steel rose significantly to $2.2M in 2022. Over the period under review, exports, however, faced a sharp setback.

Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from Hungary in 2022:

1. Germany (330.2 tons)
2. Romania (5.3 tons)

Source: IndexBox Market Intelligence Platform