Hungary: Market for Iron Or Steel Towers And Lattice Masts 2024

Market Size for Iron Or Steel Towers And Lattice Masts in Hungary

For the fourth year in a row, the Hungarian iron or steel towers market recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, consumption recorded a strong increase. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Production of Iron Or Steel Towers And Lattice Masts in Hungary

In value terms, iron or steel towers production amounted to $X in 2023 estimated in export price. Overall, production posted a prominent expansion. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth failed to regain momentum.

Exports of Iron Or Steel Towers And Lattice Masts

Exports from Hungary

In 2023, the amount of iron or steel towers and lattice masts exported from Hungary expanded notably to X tons, with an increase of X% against the previous year's figure. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, iron or steel towers exports skyrocketed to $X in 2023. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for iron or steel towers exports from Hungary, with a X% share of total exports. Moreover, iron or steel towers exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), ninefold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Germany amounted to X%.

In value terms, Germany ($X) remains the key foreign market for iron or steel towers and lattice masts exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Germany totaled X%.

Export Prices by Country

In 2023, the average iron or steel towers export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price saw a notable expansion. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Germany amounted to $X per ton.

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

Imports of Iron Or Steel Towers And Lattice Masts

Imports into Hungary

Iron or steel towers imports into Hungary reduced rapidly to X tons in 2023, dropping by X% on the previous year's figure. Overall, total imports indicated mild growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, iron or steel towers imports contracted markedly to $X in 2023. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2022, and then reduced dramatically in the following year.

Imports by Country

In 2023, Austria (X tons) constituted the largest supplier of iron or steel towers to Hungary, with a X% share of total imports. Moreover, iron or steel towers imports from Austria exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), fourfold. The third position in this ranking was held by Serbia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Austria stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and Serbia (X% per year).

In value terms, the largest iron or steel towers suppliers to Hungary were Austria ($X), Slovakia ($X) and Serbia ($X), with a combined X% share of total imports.

Serbia, 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

In 2023, the average iron or steel towers import price amounted to $X per ton, declining by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2022, and then contracted markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform