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Hungary - Ferro-Chromium - Market Analysis, Forecast, Size, Trends And Insights
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Hungary: Ferro-Chromium Market Overview 2021

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Ferro-Chromium Market Size in Hungary

The Hungarian ferro-chromium market surged to $X in 2020, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a noticeable slump. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Ferro-chromium consumption peaked at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Ferro-Chromium Exports

Exports from Hungary

In 2020, the amount of ferro-chromium exported from Hungary shrank notably to X tonnes, falling by -X% on 2019 figures. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Exports peaked at X tonnes in 2019, and then fell remarkably in the following year.

In value terms, ferro-chromium exports contracted dramatically to $X in 2020. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Exports peaked at $X in 2019, and then fell dramatically in the following year.

Exports by Country

Italy (X tonnes) was the main destination for ferro-chromium exports from Hungary, with a X% share of total exports. It was followed by Slovenia (X kg), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Italy amounted to +X%.

From 2007 to 2020, the average annual rate of growth in terms of value to Italy stood at +X%.

Export Prices by Country

The average ferro-chromium export price stood at $X per tonne in 2020, falling by -X% against the previous year. Overall, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2008 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2016; however, from 2017 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Slovenia ($X per tonne), while the average price for exports to Italy stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia.

Ferro-Chromium Imports

Imports into Hungary

For the fourth year in a row, Hungary recorded growth in overseas purchases of ferro-chromium, which increased by X% to X tonnes in 2020. In general, imports, however, saw a mild downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, ferro-chromium imports declined dramatically to $X in 2020. Overall, imports, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Poland (X tonnes) constituted the largest supplier of ferro-chromium to Hungary, with a X% share of total imports. Moreover, ferro-chromium imports from Poland exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tonnes), sixfold. France (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Poland totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-X% per year) and France (+X% per year).

In value terms, Poland ($X) constituted the largest supplier of ferro-chromium to Hungary, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Poland stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Belgium (+X% per year).

Import Prices by Country

In 2020, the average ferro-chromium import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the import price saw a pronounced contraction. The growth pace was the most rapid in 2010 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2011 to 2020, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per tonne), while the price for Poland ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ferro-chromium in the world?
+
The country with the largest volume of ferro-chromium consumption was China (8.7M tonnes), comprising approx. 63% of total volume. Moreover, ferro-chromium consumption in China exceeded the figures recorded by the second-largest consumer, Japan (549K tonnes), more than tenfold. The United Arab Emirates (508K tonnes) ranked third in terms of total consumption with a 3.7% share.
What are the largest producers of ferro-chromium in the world?
+
The countries with the highest volumes of ferro-chromium production in 2020 were China (5.6M tonnes), South Africa (3.6M tonnes) and Kazakhstan (1.5M tonnes), together comprising 81% of global production.
What are the leading suppliers of ferro-chromium to Hungary?
+
In value terms, Poland ($247K) constituted the largest supplier of ferro-chromium to Hungary, comprising 45% of total imports. The second position in the ranking was occupied by France ($106K), with a 19% share of total imports. It was followed by Belgium, with a 17% share.
What is the average export price for ferro-chromium in Hungary?
+
In 2020, the average ferro-chromium export price amounted to $388 per tonne, waning by -61.4% against the previous year.
What is the average import price for ferro-chromium in Hungary?
+
In 2020, the average ferro-chromium import price amounted to $1,257 per tonne, reducing by -18.1% against the previous year.

Product coverage:

This report provides an in-depth analysis of the ferro-chromium 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
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
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
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
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
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
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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