Stainless Steel Wire Price in Hungary - 2023
Contents:
- Stainless Steel Wire Price in Hungary (CIF) - 2022
- Stainless Steel Wire Price in Hungary (FOB) - 2023
- Stainless Steel Wire Imports in Hungary
- Stainless Steel Wire Exports in Hungary
Stainless Steel Wire Price in Hungary (CIF) - 2022
The average stainless steel wire import price stood at $5,619 per ton in 2022, jumping by 26% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 27% against the previous year. The import price peaked at $6,175 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($11,346 per ton), while the price for Germany ($4,039 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in Hungary (FOB) - 2023
In September 2023, the average stainless steel wire export price amounted to $19,642 per ton, picking up by 6.4% against the previous month. In general, the export price, however, saw a mild decline. The growth pace was the most rapid in June 2023 when the average export price increased by 50% m-o-m. As a result, the export price attained the peak level of $26,205 per ton. From July 2023 to September 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($17,974 per ton), while the average price for exports to Mexico ($10,479 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Imports in Hungary
In 2022, the amount of stainless steel wire imported into Hungary fell significantly to 2.3K tons, with a decrease of -21.5% against the year before. Overall, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +3.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 81%. As a result, imports reached the peak of 3K tons, and then shrank markedly in the following year.
In value terms, stainless steel wire imports reduced to $13M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 87% against the previous year. As a result, imports attained the peak of $13M, and then reduced slightly in the following year.
| Import of Stainless Steel Wire in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3,260 | 3,460 | 7,999 | 2,907 | -3.7% |
| Czech Republic | 1,042 | 947 | 1,547 | 2,014 | 24.6% |
| Switzerland | 616 | 443 | 1,016 | 1,480 | 33.9% |
| France | 117 | 69.9 | 27.4 | 1,265 | 121.1% |
| Italy | 53.3 | 343 | 72.8 | 1,073 | 172.0% |
| South Korea | 379 | 302 | 521 | 864 | 31.6% |
| Spain | 114 | 226 | 630 | 790 | 90.7% |
| India | 50.4 | 168 | 227 | 568 | 124.2% |
| Poland | 187 | 272 | 404 | 562 | 44.3% |
| Austria | 200 | 180 | 246 | 336 | 18.9% |
| Belgium | 2,254 | 215 | N/A | 0.3 | -94.9% |
| Others | 677 | 459 | 540 | 1,187 | 20.6% |
| Total | 8,951 | 7,086 | 13,230 | 13,046 | 13.4% |
Top Suppliers of Stainless Steel Wire to Hungary in 2022:
- Belgium (undefined tons)
- Germany (719.9 tons)
- Czech Republic (320.1 tons)
- Italy (218.7 tons)
- Switzerland (193.0 tons)
- Spain (167.5 tons)
- South Korea (137.5 tons)
- France (137.0 tons)
- India (113.1 tons)
- Poland (102.5 tons)
- Austria (45.1 tons)
Stainless Steel Wire Exports in Hungary
In 2022, stainless steel wire exports from Hungary skyrocketed to 175 tons, picking up by 62% against the previous year's figure. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 63% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, stainless steel wire exports soared to $4M in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Stainless Steel Wire in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 103 | 137 | 1,083 | 2,370 | 184.4% |
| Poland | 123 | 211 | 260 | 299 | 34.5% |
| United Kingdom | 310 | 317 | 254 | 265 | -5.1% |
| Serbia | 114 | 199 | 178 | 246 | 29.2% |
| Netherlands | 39.7 | 69.0 | 196 | 232 | 80.1% |
| Czech Republic | 27.8 | 95.9 | 108 | 177 | 85.3% |
| Germany | 160 | 171 | 241 | 172 | 2.4% |
| Mexico | N/A | N/A | 36.1 | 40.7 | 12.7% |
| Others | 104 | 147 | 87.4 | 164 | 16.4% |
| Total | 981 | 1,347 | 2,444 | 3,966 | 59.3% |
Top Export Markets for Stainless Steel Wire from Hungary in 2022:
- Italy (82.3 tons)
- Serbia (23.6 tons)
- United Kingdom (18.1 tons)
- Czech Republic (13.6 tons)
- Netherlands (10.3 tons)
- Poland (9.6 tons)
- Germany (6.1 tons)
- Mexico (3.8 tons)
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