Price for Steel, Alloy; Semi-Finished Products in Hungary - 2023
Contents:
- Price for Steel, Alloy; Semi-Finished Products in Hungary (FOB) - 2023
- Price for Steel, Alloy; Semi-Finished Products in Hungary (CIF) - 2022
- Exports of Steel, Alloy; Semi-Finished Products in Hungary
- Imports of Steel, Alloy; Semi-Finished Products in Hungary
Price for Steel, Alloy; Semi-Finished Products in Hungary (FOB) - 2023
In July 2023, the average steel, alloy; semi-finished products export price amounted to $5,390 per ton, falling by -9.7% against the previous month. In general, the export price, however, posted a noticeable expansion. The pace of growth appeared the most rapid in March 2023 an increase of 117% against the previous month. As a result, the export price attained the peak level of $7,331 per ton. From April 2023 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($13,002 per ton), while the average price for exports to Italy ($2,586 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 Austria (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Alloy; Semi-Finished Products in Hungary (CIF) - 2022
The average steel, alloy; semi-finished products import price stood at $1,506 per ton in 2022, rising by 20% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2021 an increase of 32% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Germany ($1,659 per ton), while the price for Ukraine ($1,100 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Alloy; Semi-Finished Products in Hungary
In 2022, overseas shipments of steel, alloy; semi-finished productses decreased by -50% to 1.6K tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. As a result, the exports attained the peak of 5.1K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, steel, alloy; semi-finished products exports contracted dramatically to $5.1M in 2022. In general, exports showed a sharp reduction. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year. As a result, the exports reached the peak of $18M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Steel, Alloy; Semi-Finished Products in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.4 | 2.0 | 1.4 | 2.2 | 16.3% |
| Italy | 1.1 | 0.4 | 1.1 | 1.8 | 17.8% |
| Sweden | 9.6 | 10.7 | 7.1 | 0.4 | -65.3% |
| Romania | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
| Poland | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
| Belgium | 1.0 | 2.4 | 0.9 | N/A | -5.1% |
| United Kingdom | 1.0 | 0.7 | N/A | N/A | -30.0% |
| Others | 1.4 | 1.9 | 0.3 | 0.3 | -40.2% |
| Total | 15.6 | 18.3 | 11.3 | 5.1 | -31.1% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from Hungary in 2022:
- Germany (879.6 tons)
- Italy (471.8 tons)
- Sweden (102.5 tons)
- Romania (54.9 tons)
- Poland (46.4 tons)
Imports of Steel, Alloy; Semi-Finished Products in Hungary
For the third consecutive year, Hungary recorded decline in purchases abroad of steel, alloy; semi-finished productses, which decreased by -4.9% to 5.7K tons in 2022. Overall, imports continue to indicate a abrupt descent. The smallest decline of -3.5% was in 2021.
In value terms, steel, alloy; semi-finished products imports rose notably to $8.5M in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Semi-Finished Products in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.8 | 0.6 | 0.5 | 2.6 | 48.1% |
| Czech Republic | 2.7 | 3.3 | 4.0 | 2.3 | -5.2% |
| Austria | 2.3 | 1.4 | 2.0 | 2.2 | -1.5% |
| Germany | 0.6 | 0.1 | 0.2 | 0.9 | 14.5% |
| Ukraine | N/A | 0.1 | 0.3 | 0.2 | 41.4% |
| Croatia | 0.5 | 0.1 | N/A | N/A | -80.0% |
| Others | 1.1 | 0.3 | 0.5 | 0.4 | -28.6% |
| Total | 8.0 | 5.8 | 7.5 | 8.5 | 2.0% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to Hungary in 2022:
- Italy (1756.8 tons)
- Czech Republic (1587.6 tons)
- Austria (1537.8 tons)
- Germany (533.8 tons)
- Ukraine (156.7 tons)
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