Hungary - Silver in Semi-Manufactured Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSemi-Manufactured Silver Price in Hungary - 2023
Contents:
- Semi-Manufactured Silver Price in Hungary (CIF) - 2023
- Semi-Manufactured Silver Price in Hungary (FOB) - 2023
- Semi-Manufactured Silver Imports in Hungary
- Semi-Manufactured Silver Exports in Hungary
Semi-Manufactured Silver Price in Hungary (CIF) - 2023
The average semi-manufactured silver import price stood at $196K per ton in June 2023, surging by 13% against the previous month. In general, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 95% m-o-m. Over the period under review, average import prices attained the maximum at $206K per ton in January 2023; however, from February 2023 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($922K per ton), while the price for Romania ($83,158 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 Germany (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Semi-Manufactured Silver Price in Hungary (FOB) - 2023
In June 2023, the average semi-manufactured silver export price amounted to $256K per ton, waning by -29.9% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 170% m-o-m. Over the period under review, the average export prices hit record highs at $541K per ton in April 2023; however, from May 2023 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Germany ($1.9M per ton), while the average price for exports to Norway ($56,526 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 China (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.
Semi-Manufactured Silver Imports in Hungary
For the fourth year in a row, Hungary recorded growth in overseas purchases of silver in semi-manufactured forms, which increased by 10% to 211 tons in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 92% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, semi-manufactured silver imports expanded rapidly to $22M in 2022. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 49%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Semi-Manufactured Silver in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.0 | 9.3 | 12.3 | 14.2 | 26.6% |
| Italy | 0.7 | 0.7 | 1.8 | 2.3 | 48.7% |
| Malaysia | 1.5 | 0.8 | 2.0 | 1.9 | 8.2% |
| United States | 0.2 | 0.3 | 0.8 | 1.3 | 86.6% |
| Others | 2.6 | 2.5 | 3.3 | 2.5 | -1.3% |
| Total | 11.9 | 13.5 | 20.2 | 22.2 | 23.1% |
Top Suppliers of Semi-Manufactured Silver to Hungary in 2022:
- Germany (171.0 tons)
- Malaysia (20.2 tons)
- United States (12.6 tons)
- Italy (3.5 tons)
Semi-Manufactured Silver Exports in Hungary
In 2022, after three years of growth, there was decline in overseas shipments of silver in semi-manufactured forms, when their volume decreased by -4% to 33 tons. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 50% against the previous year. As a result, the exports attained the peak of 34 tons, and then declined in the following year.
In value terms, semi-manufactured silver exports amounted to $8.6M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +19.0% 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 +68.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Semi-Manufactured Silver in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 722 | 741 | 1,197 | 1,331 | 22.6% |
| Germany | 734 | 619 | 1,018 | 987 | 10.4% |
| Italy | 693 | 613 | 990 | 858 | 7.4% |
| United Kingdom | 468 | 409 | 635 | 778 | 18.5% |
| Indonesia | 122 | 398 | 572 | 446 | 54.0% |
| Turkey | 132 | 151 | 305 | 405 | 45.3% |
| France | 173 | 155 | 263 | 264 | 15.1% |
| China | 198 | 149 | 203 | 201 | 0.5% |
| Mexico | 110 | 114 | 162 | 193 | 20.6% |
| Israel | 51.5 | 53.2 | 51.6 | 167 | 48.0% |
| India | 46.6 | 63.1 | 37.9 | 79.7 | 19.6% |
| Norway | 21.6 | 61.6 | 67.4 | 70.1 | 48.1% |
| Switzerland | 73.3 | 997 | 45.3 | 43.4 | -16.0% |
| Others | 1,562 | 1,512 | 2,594 | 2,783 | 21.2% |
| Total | 5,107 | 6,034 | 8,141 | 8,607 | 19.0% |
Top Export Markets for Semi-Manufactured Silver from Hungary in 2022:
- Turkey (8.3 tons)
- Indonesia (6.9 tons)
- Israel (2.9 tons)
- China (2.8 tons)
- Mexico (1.7 tons)
- United Kingdom (1.6 tons)
- Norway (1.3 tons)
- India (0.9 tons)
- Switzerland (0.9 tons)
- Germany (0.8 tons)
- Romania (0.7 tons)
- Italy (0.7 tons)
- France (0.6 tons)
This report provides an in-depth analysis of the semi-manufactured silver market 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 24411050 - Silver, in semi-manufactured forms (including plated with gold or platinum) (excluding unwrought or in powder form)
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 semi-manufactured silver market in Hungary.
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This report provides an in-depth analysis of the semi-manufactured silver market in Hungary.
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This report provides an in-depth analysis of the silver market in Hungary.
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This report provides an in-depth analysis of the unwrought silver market in Hungary.
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This report provides an in-depth analysis of the global semi-manufactured silver market.
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Explore the top import markets for silver and the key statistics behind their import values. Learn about the leading countries in the global trade of silver and the factors driving their demand. Gain insights from the IndexBox market intelligence platform.
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In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...
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In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...
