Hungary: Expanded Metal Market 2024

Expanded Metal Market Size in Hungary

The Hungarian expanded metal market was estimated at $X in 2022, approximately reflecting the previous year. Overall, the total consumption indicated tangible growth 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, consumption increased by X% against 2016 indices. Expanded metal consumption peaked in 2022 and is expected to retain growth in years to come.

Expanded Metal Production in Hungary

In value terms, expanded metal production dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable 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, production increased by X% against 2017 indices. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Expanded metal production peaked at $X in 2021, and then declined in the following year.

Expanded Metal Exports

Exports from Hungary

Expanded metal exports from Hungary totaled X tons in 2022, picking up by X% against 2021. Overall, exports showed prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, expanded metal exports soared to $X in 2022. Over the period under review, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for expanded metal exports from Hungary, with a X% share of total exports. Moreover, expanded metal exports to France exceeded the volume sent to the second major destination, Romania (X tons), fourfold. Austria (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Austria (X% per year).

In value terms, France ($X) remains the key foreign market for iron or steel expanded metal exports from Hungary, comprising X% of total exports. The second position in the ranking was held by Romania ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

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

Export Prices by Country

The average expanded metal export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price 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, expanded metal export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

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

Expanded Metal Imports

Imports into Hungary

For the seventh consecutive year, Hungary recorded growth in supplies from abroad of iron or steel expanded metal, which increased by X% to X tons in 2022. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, expanded metal imports soared to $X in 2022. In general, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Austria (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of expanded metal imports to Hungary, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of iron or steel expanded metal to Hungary, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Austria totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

Import Prices by Country

The average expanded metal import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

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 Austria ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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