Hungary: Aluminium Bar Market 2024

Aluminium Bar Market Size in Hungary

In 2022, the Hungarian aluminium bar market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption, however, recorded prominent growth. Over the period under review, the market reached the maximum level at $X in 2021, and then fell dramatically in the following year.

Aluminium Bar Production in Hungary

In value terms, aluminium bar production shrank significantly to $X in 2022 estimated in export price. Overall, production showed a noticeable decline. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Aluminium Bar Exports

Exports from Hungary

In 2022, overseas shipments of aluminium bars, rods and profiles decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, aluminium bar exports skyrocketed to $X in 2022. Over the period under review, exports showed a perceptible curtailment. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for aluminium bar exports from Hungary, accounting for a X% share of total exports. Moreover, aluminium bar exports to Germany exceeded the volume sent to the second major destination, Slovenia (X tons), fourfold. Poland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Poland (X% per year).

In value terms, Germany ($X) remains the key foreign market for aluminium bars, rods and profiles exports from Hungary, comprising X% of total exports. The second position in the ranking was held by Slovenia ($X), with an X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and France (X% per year).

Export Prices by Country

The average aluminium bar export price stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Sweden ($X 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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Bar Imports

Imports into Hungary

In 2022, after four years of growth, there was significant decline in supplies from abroad of aluminium bars, rods and profiles, when their volume decreased by X% to X tons. Over the period under review, imports, however, showed a tangible increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, aluminium bar imports surged to $X in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of aluminium bar to Hungary, accounting for a X% share of total imports. Moreover, aluminium bar imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was taken by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Turkey (X% per year).

In value terms, Germany ($X) constituted the largest supplier of aluminium bars, rods and profiles to Hungary, comprising X% of total imports. The second position in the ranking was held by Slovenia ($X), with an X% share of total imports. It was followed by Poland, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (X% per year) and Poland (X% per year).

Import Prices by Country

The average aluminium bar import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price showed a perceptible increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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