Hungary: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in Hungary

In 2020, the Hungarian market for iron or steel leaf-springs and leaves decreased by -X% to $X, falling for the third consecutive year after three years of growth. Overall, consumption, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Leaf-Springs And Leaves in Hungary

In value terms, production of iron or steel leaf-springs and leaves fell rapidly to $X in 2020 estimated in export prices. In general, production recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% year-to-year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports from Hungary

Exports of iron or steel leaf-springs and leaves from Hungary contracted to X tons in 2020, which is down by -X% on 2019. Over the period under review, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2012 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tons in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of iron or steel leaf-springs and leaves dropped rapidly to $X in 2020. Overall, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), the UK (X tons) and Austria (X tons) were the main destinations of exports of iron or steel leaf-springs and leaves from Hungary, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the key foreign market for iron or steel leaf-spring and leave exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Poland stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Austria (+X% per year).

Export Prices by Country

The average export price for iron or steel leaf-springs and leaves stood at $X per ton in 2020, shrinking by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2014 an increase of X% year-to-year. The export price peaked at $X per ton in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Poland ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports into Hungary

In 2020, overseas purchases of iron or steel leaf-springs and leaves decreased by -X% to X tons, falling for the third year in a row after three years of growth. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, imports of iron or steel leaf-springs and leaves shrank to $X in 2020. Over the period under review, imports showed a perceptible setback. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Austria (X tons) constituted the largest supplier of iron or steel leaf-spring and leave to Hungary, with a X% share of total imports. Moreover, imports of iron or steel leaf-springs and leaves from Austria exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was occupied by Turkey (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Austria amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Turkey (+X% per year).

In value terms, Austria ($X), Germany ($X) and Spain ($X) appeared to be the largest iron or steel leaf-spring and leave suppliers to Hungary, with a combined X% share of total imports. Turkey, China, the Czech Republic and Vietnam lagged somewhat behind, together comprising a further X Nam (+X% per year) saw the highest rates of growth with regard to 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 import price for iron or steel leaf-springs and leaves stood at $X per ton in 2020, shrinking by -X% against the previous year. Over the period under review, the import price saw a perceptible decline. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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