Hungary: Colloidal Precious Metals Market 2024

Colloidal Precious Metals Market Size in Hungary

In 2023, the Hungarian colloidal precious metals market was finally on the rise to reach $X after two years of decline. Overall, consumption posted buoyant growth. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Colloidal Precious Metals Production in Hungary

In value terms, colloidal precious metals production declined slightly to $X in 2023 estimated in export price. Overall, production, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2023, production growth failed to regain momentum.

Colloidal Precious Metals Exports

Exports from Hungary

In 2023, approx. X kg of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) were exported from Hungary; which is down by X% compared with the previous year's figure. Overall, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2022, and then reduced dramatically in the following year.

In value terms, colloidal precious metals exports contracted remarkably to $X in 2023. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for colloidal precious metals exports from Hungary, with a X% share of total exports. Moreover, colloidal precious metals exports to the Netherlands exceeded the volume sent to the second major destination, Slovakia (X kg), fourfold. Serbia (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Serbia (X% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Serbia ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Slovakia (X% per year).

Export Prices by Country

The average colloidal precious metals export price stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the export price showed a prominent expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X,220 per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (X%), while the prices for the other major destinations experienced a decline.

Colloidal Precious Metals Imports

Imports into Hungary

In 2023, purchases abroad of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, colloidal precious metals imports surged to $X in 2023. Overall, imports saw a pronounced slump. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Romania (X kg), Germany (X kg) and Switzerland (X kg) were the main suppliers of colloidal precious metals imports to Hungary, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest colloidal precious metals suppliers to Hungary were Germany ($X), Romania ($X) and the United States ($X), together accounting for X% of total imports.

Romania, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average colloidal precious metals import price stood at $X per kg in 2023, rising by X% against the previous year. In general, the import price showed a buoyant expansion. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The import price peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per kg), while the price for Cyprus ($X per kg) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform