Price for Steel, Stainless; Ingots and Other Primary Forms in Hungary - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Hungary (FOB) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in Hungary (CIF) - 2022
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Hungary
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Hungary
Price for Steel, Stainless; Ingots and Other Primary Forms in Hungary (FOB) - 2022
In 2022, the average export price for steel, stainless; ingots and other primary formses amounted to $10,557 per ton, surging by 21% against the previous year. Over the period under review, the export price saw resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 91%. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($25,461 per ton), while the average price for exports to Germany ($9,890 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 (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Stainless; Ingots and Other Primary Forms in Hungary (CIF) - 2022
The average import price for steel, stainless; ingots and other primary formses stood at $1,930 per ton in 2022, which is down by -38% against the previous year. In general, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2021 an increase of 28%. Over the period under review, average import prices reached the peak figure at $5,197 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 Belgium ($6,133 per ton), while the price for Germany ($1,843 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Stainless; Ingots and Other Primary Forms in Hungary
In 2022, exports of steel, stainless; ingots and other primary formses from Hungary dropped modestly to 91 tons, approximately equating the previous year. Over the period under review, exports recorded a abrupt decrease.
In value terms, exports of steel, stainless; ingots and other primary formses surged to $964K in 2022. Overall, exports continue to indicate a pronounced decline.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 667 | 668 | 514 | 776 | 5.2% |
| Austria | 280 | 288 | 231 | 94.6 | -30.4% |
| Netherlands | 1.0 | 16.3 | 52.6 | 84.3 | 338.5% |
| China | 101 | 62.0 | N/A | N/A | -38.6% |
| Others | 12.3 | 4.7 | 3.8 | 9.3 | -8.9% |
| Total | 1,061 | 1,039 | 801 | 964 | -3.1% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Hungary in 2022:
- Germany (78.4 tons)
- Austria (8.8 tons)
- Netherlands (3.3 tons)
Imports of Steel, Stainless; Ingots and Other Primary Forms in Hungary
In 2022, imports of steel, stainless; ingots and other primary formses into Hungary skyrocketed to 253 tons, growing by 129% on the previous year. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 263%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, imports of steel, stainless; ingots and other primary formses skyrocketed to $488K in 2022. Overall, imports posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 365%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 28.1 | 2.5 | 274 | 450 | 152.1% |
| Belgium | 1.4 | 0.3 | 10.0 | 31.0 | 180.8% |
| Austria | 43.7 | 40.7 | 17.3 | 1.1 | -70.7% |
| Italy | N/A | 30.0 | 30.0 | N/A | 0.0% |
| Others | 3.0 | 0.1 | 11.1 | 5.7 | 23.9% |
| Total | 76.1 | 73.7 | 343 | 488 | 85.8% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Hungary in 2022:
- Germany (244.1 tons)
- Belgium (5.0 tons)
- Austria (0.3 tons)
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