Hungary - Iron Or Steel Plaited Bands And Slings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSteel Plaited Band Price in Hungary - 2023
Contents:
- Steel Plaited Band Price in Hungary (CIF) - 2023
- Steel Plaited Band Price in Hungary (FOB) - 2022
- Steel Plaited Band Imports in Hungary
- Steel Plaited Band Exports in Hungary
Steel Plaited Band Price in Hungary (CIF) - 2023
The average steel plaited band import price stood at $5,042 per ton in June 2023, dropping by -61.9% against the previous month. Over the period under review, the import price showed a drastic downturn. The growth pace was the most rapid in October 2022 when the average import price increased by 130% month-to-month. Over the period under review, average import prices hit record highs at $13,250 per ton in May 2023, and then shrank rapidly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Czech Republic ($15,100 per ton), while the price for Germany ($3,257 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 China (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Steel Plaited Band Price in Hungary (FOB) - 2022
The average steel plaited band export price stood at $10,984 per ton in 2022, with an increase of 22% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $11,505 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($21,994 per ton), while the average price for exports to Turkey ($3,284 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 (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Steel Plaited Band Imports in Hungary
For the third year in a row, Hungary recorded decline in overseas purchases of iron or steel plaited bands and slings, which decreased by -19.6% to 288 tons in 2022. Over the period under review, imports showed a abrupt descent. The smallest decline of -4.7% was in 2021.
In value terms, steel plaited band imports contracted rapidly to $2.6M in 2022. Overall, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 14%.
Import of Steel Plaited Band in Hungary (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 1,481 | 1,453 | 1,476 | 1,277 | -4.8% |
Netherlands | 274 | 313 | 528 | 319 | 5.2% |
Czech Republic | 54.9 | 68.2 | 167 | 245 | 64.6% |
China | 74.2 | 47.1 | 69.7 | 137 | 22.7% |
Denmark | N/A | N/A | N/A | 92.0 | 0% |
Austria | 75.4 | 61.6 | 90.3 | 66.2 | -4.2% |
Italy | 5.9 | 29.3 | 56.0 | 65.4 | 123.0% |
France | 337 | 49.4 | 34.7 | 48.9 | -47.5% |
Slovakia | 1,656 | 872 | 1,010 | 21.3 | -76.6% |
Others | 673 | 414 | 328 | 317 | -22.2% |
Total | 4,632 | 3,308 | 3,759 | 2,588 | -17.6% |
Top Suppliers of Steel Plaited Band to Hungary in 2022:
- Germany (98.0 tons)
- Netherlands (73.6 tons)
- Czech Republic (47.5 tons)
- China (23.4 tons)
- Italy (15.6 tons)
- France (5.8 tons)
- Denmark (5.5 tons)
- Austria (5.2 tons)
- Slovakia (1.5 tons)
Steel Plaited Band Exports in Hungary
Steel plaited band exports from Hungary shrank to 103 tons in 2022, declining by -3.3% against 2021 figures. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 71% against the previous year. As a result, the exports attained the peak of 107 tons, and then dropped slightly in the following year.
In value terms, steel plaited band exports surged to $1.1M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +5.6% 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 +65.7% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 40% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
Export of Steel Plaited Band in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 469 | 204 | 221 | 493 | 1.7% |
Austria | 14.0 | 16.9 | 123 | 106 | 96.4% |
Romania | 91.3 | 69.5 | 85.3 | 75.0 | -6.3% |
Netherlands | 51.2 | 87.9 | 106 | 71.0 | 11.5% |
Czech Republic | 34.5 | 25.2 | 51.1 | 59.3 | 19.8% |
Sweden | 0.7 | 1.6 | 18.6 | 45.5 | 302.1% |
Slovenia | 29.6 | 29.8 | 33.0 | 29.8 | 0.2% |
Serbia | 12.9 | 10.2 | 29.3 | 27.0 | 27.9% |
Slovakia | 154 | 26.5 | 84.8 | 27.0 | -44.0% |
Turkey | 0.2 | 1.3 | 2.9 | 17.3 | 342.3% |
Croatia | 12.6 | 19.1 | 24.1 | 15.5 | 7.1% |
Switzerland | 13.9 | 12.8 | 4.4 | 13.8 | -0.2% |
Others | 74.6 | 178 | 175 | 151 | 26.5% |
Total | 959 | 683 | 958 | 1,131 | 5.7% |
Top Export Markets for Steel Plaited Band from Hungary in 2022:
- Austria (24.7 tons)
- Germany (22.4 tons)
- Romania (12.3 tons)
- Netherlands (11.9 tons)
- Czech Republic (7.8 tons)
- Turkey (5.3 tons)
- Sweden (3.9 tons)
- Slovakia (3.5 tons)
- Serbia (2.3 tons)
- Croatia (1.6 tons)
- Switzerland (1.4 tons)
- Slovenia (1.3 tons)
This report provides an in-depth analysis of the steel plaited band 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 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)
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
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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
This report provides an in-depth analysis of the steel plaited band market in Hungary.
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