Report Update: May 1, 2024

Hungary - Railway or Tramway Track Construction Material of Iron or Steel - Market Analysis, Forecast, Size, Trends And Insights

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Steel Railway Material Price in Hungary - 2023

Steel Railway Material Price in Hungary (CIF) - 2023

The average steel railway material import price stood at $2,466 per ton in June 2023, surging by 20% against the previous month. Over the period under review, the import price continues to indicate a temperate expansion. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 203% month-to-month. As a result, import price attained the peak level of $3,100 per ton. From February 2023 to June 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($6,912 per ton), while the price for Turkey ($1,781 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 Poland (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Steel Railway Material Price in Hungary (FOB) - 2023

The average steel railway material export price stood at $7,898 per ton in May 2023, dropping by -6.1% against the previous month. Overall, the export price, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in December 2022 an increase of 270% against the previous month. As a result, the export price reached the peak level of $24,748 per ton. From January 2023 to May 2023, the the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Germany.

From May 2022 to May 2023, the rate of growth in terms of prices for Germany amounted to +1.4% per month.

Steel Railway Material Imports in Hungary

In 2022, supplies from abroad of railway material of steel was finally on the rise to reach 32K tons after two years of decline. Overall, imports, however, continue to indicate a abrupt curtailment.

In value terms, steel railway material imports surged to $38M in 2022. Over the period under review, imports, however, recorded a pronounced decline.

Import of Steel Railway Material in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	25.7	13.3	9.9	22.3	-4.6%
Czech Republic	5.1	5.0	3.7	7.9	15.7%
Germany	3.3	1.4	3.7	4.6	11.7%
France	2.8	2.6	1.0	1.7	-15.3%
Poland	2.5	1.7	2.3	1.4	-17.6%
Others	1.8	1.0	0.4	0.2	-51.9%
Total	41.1	25.0	20.9	38.1	-2.5%

Top Suppliers of Steel Railway Material to Hungary in 2022:

Austria (20.5K tons)
Czech Republic (7.2K tons)
Germany (2.5K tons)
Poland (1.1K tons)
France (0.5K tons)

Steel Railway Material Exports in Hungary

In 2022, overseas shipments of railway material of steel were finally on the rise to reach 336 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a sharp descent.

In value terms, steel railway material exports expanded significantly to $2.2M in 2022. Overall, exports, however, recorded a precipitous contraction.

Export of Steel Railway Material in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1,752	1,909	1,935	2,162	7.3%
Romania	446	7.0	0.7	12.8	-69.4%
Slovakia	58.2	196	2.5	0.3	-82.7%
Latvia	2,749	N/A	N/A	N/A	0%
France	N/A	211	N/A	N/A	0%
Netherlands	598	N/A	N/A	N/A	0%
Others	119	109	21.2	13.2	-52.0%
Total	5,722	2,433	1,960	2,189	-27.4%

Top Export Markets for Steel Railway Material from Hungary in 2022:

Slovakia (undefined tons)
Germany (330.2 tons)
Romania (5.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the steel railway material 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 24107500 - Railway material (of steel)

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