Report Update: May 1, 2024

Hungary - Welded And Cold-Formed Sections Of Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Welded and Cold-Formed Steel Sections in Hungary - 2023

Price for Welded and Cold-Formed Steel Sections in Hungary (FOB) - 2023

The average export price for welded and cold-formed sections of steel stood at $7,439 per ton in June 2023, with an increase of 17% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 when the average export price increased by 93% m-o-m. As a result, the export price reached the peak level of $11,796 per ton. From September 2022 to June 2023, the the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In June 2023, the country with the highest price was Austria ($8,928 per ton), while the average price for exports to Germany ($7,358 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Welded and Cold-Formed Steel Sections in Hungary (CIF) - 2023

The average import price for welded and cold-formed sections of steel stood at $2,665 per ton in June 2023, dropping by -27.4% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when the average import price increased by 122% against the previous month. The import price peaked at $6,100 per ton in November 2022; however, from December 2022 to June 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($9,205 per ton), while the price for Poland ($1,300 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the UK (+80.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Welded and Cold-Formed Steel Sections in Hungary

After two years of decline, overseas shipments of welded and cold-formed sections of steel increased by 0.1% to 657 tons in 2022. In general, exports, however, showed a deep slump.

In value terms, welded and cold-formed steel sections exports surged to $5.2M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.5% 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 +50.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Welded and Cold-Formed Steel Sections in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	2.6	3.0	3.3	4.1	16.4%
Austria	0.6	0.5	0.8	0.9	14.5%
Bulgaria	N/A	N/A	N/A	0.1	0%
Others	0.2	0.3	0.3	0.1	-20.6%
Total	3.4	3.8	4.4	5.2	15.2%

Top Export Markets for Welded and Cold-Formed Steel Sections from Hungary in 2022:

Germany (515.3 tons)
Austria (112.3 tons)
Bulgaria (11.8 tons)

Imports of Welded and Cold-Formed Steel Sections in Hungary

In 2022, supplies from abroad of welded and cold-formed sections of steel decreased by -12.9% to 338 tons, falling for the second year in a row after two years of growth. Overall, imports saw a dramatic decline. The pace of growth was the most pronounced in 2020 with an increase of 5% against the previous year. As a result, imports attained the peak of 956 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, welded and cold-formed steel sections imports stood at $1.7M in 2022. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 60% against the previous year. As a result, imports reached the peak of $3.7M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Welded and Cold-Formed Steel Sections in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	58.0	494	348	505	105.7%
Slovakia	227	264	283	352	15.7%
Germany	693	434	170	247	-29.1%
Austria	90.3	114	52.9	139	15.5%
Switzerland	192	94.1	235	133	-11.5%
Serbia	27.1	1.9	22.0	72.0	38.5%
United Kingdom	60.3	57.3	113	61.2	0.5%
Romania	76.6	67.4	198	52.7	-11.7%
Bulgaria	11.4	95.8	16.9	20.5	21.6%
Italy	671	1,978	35.4	14.5	-72.1%
Others	198	87.4	88.0	101	-20.1%
Total	2,305	3,688	1,562	1,699	-9.7%

Top Suppliers of Welded and Cold-Formed Steel Sections to Hungary in 2022:

Poland (157.1 tons)
Slovakia (55.4 tons)
Germany (44.7 tons)
Romania (13.8 tons)
Switzerland (13.7 tons)
Austria (12.1 tons)
Serbia (10.8 tons)
United Kingdom (8.1 tons)
Bulgaria (5.5 tons)
Italy (1.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for welded and cold-formed steel sections 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 24107420 - Welded and cold-formed sections (of steel)
Prodcom 2410T260 - Welded sections

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023