Report Update: Apr 1, 2024

Hungary - Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends and Insights

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Stranded Wire Price in Hungary - 2023

Stranded Wire Price in Hungary (FOB) - 2023

In July 2023, the average stranded wire export price amounted to $2,236 per ton, with an increase of 16% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $2,407 per ton in February 2023; however, from March 2023 to July 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Germany ($4,308 per ton), while the average price for exports to Croatia ($955 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Stranded Wire Price in Hungary (CIF) - 2022

The average stranded wire import price stood at $3,714 per ton in 2022, picking up by 7.3% against the previous year. Over the period under review, the import price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2016 an increase of 29% against the previous year. The import price peaked at $5,364 per ton in 2018; however, from 2019 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 Poland ($10,567 per ton), while the price for Ukraine ($1,619 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Stranded Wire Exports in Hungary

In 2022, after three years of growth, there was significant decline in shipments abroad of stranded wire, ropes and cables, when their volume decreased by -10.9% to 86K tons. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.7% 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 +59.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 39%.

In value terms, stranded wire exports surged to $209M in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 58% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Export of Stranded Wire in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	33.7	33.0	48.7	70.4	27.8%
United States	0.2	2.2	16.7	36.3	466.2%
Czech Republic	19.1	14.9	19.6	21.8	4.5%
Netherlands	11.4	10.3	15.6	20.6	21.8%
Poland	6.1	8.6	12.0	12.7	27.7%
Slovakia	8.9	7.3	9.3	9.0	0.4%
Romania	9.2	8.9	9.3	8.7	-1.8%
Austria	4.8	3.6	8.9	8.0	18.6%
Croatia	1.8	2.3	4.9	4.7	37.7%
Belgium	2.0	3.0	2.2	1.4	-11.2%
Others	10.9	14.3	23.7	15.6	12.7%
Total	108	108	171	209	24.6%

Top Export Markets for Stranded Wire from Hungary in 2022:

United States (16.6K tons)
Germany (14.3K tons)
Netherlands (11.9K tons)
Czech Republic (11.5K tons)
Poland (8.4K tons)
Slovakia (5.2K tons)
Romania (4.7K tons)
Croatia (3.2K tons)
Austria (2.6K tons)
Belgium (0.8K tons)

Stranded Wire Imports in Hungary

For the fourth consecutive year, Hungary recorded growth in purchases abroad of stranded wire, ropes and cables, which increased by 7.1% to 29K tons in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +17.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.8% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 38%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, stranded wire imports expanded markedly to $109M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 42%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Stranded Wire in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	11.8	12.5	18.8	32.0	39.5%
Germany	15.7	8.8	16.9	18.6	5.8%
Turkey	2.2	7.4	14.9	10.8	70.0%
Romania	5.1	5.4	4.9	9.2	21.7%
Poland	26.5	12.7	10.2	8.1	-32.6%
Slovakia	6.3	4.4	7.3	7.9	7.8%
Ukraine	0.4	0.2	4.9	6.2	149.3%
South Korea	6.1	4.5	3.4	2.2	-28.8%
Vietnam	4.8	3.1	3.2	2.1	-24.1%
Italy	3.8	1.6	1.7	0.9	-38.1%
Others	6.8	6.0	8.2	10.4	15.2%
Total	89.3	66.6	94.5	109	6.9%

Top Suppliers of Stranded Wire to Hungary in 2022:

China (12.0K tons)
Ukraine (3.8K tons)
Germany (3.4K tons)
Romania (3.0K tons)
Slovakia (2.3K tons)
Turkey (1.1K tons)
Poland (0.8K tons)
Vietnam (0.7K tons)
South Korea (0.7K tons)
Italy (0.3K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the stranded wire 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 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
Prodcom 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)
Prodcom 25931250 - Copper stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
Prodcom 25931270 - Aluminium stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables

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