Hungary: Metal Wool Market 2022

Metal Wool Market Size in Hungary

The Hungarian metal wool market shrank modestly to $X in 2021, dropping by -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). Over the period under review, consumption continues to indicate a abrupt contraction. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Metal Wool Exports

Exports from Hungary

Metal wool exports from Hungary rose notably to X tons in 2021, surging by X% against the previous year's figure. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, metal wool exports rose markedly to $X in 2021. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its value decreased at an average annual rate of -X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X tons), Austria (X tons) and Croatia (X tons) were the main destinations of metal wool exports from Hungary, together accounting for X% of total exports. The UK, Slovakia, the Czech Republic, Bulgaria and Spain lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Spain (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) remains the key foreign market for metal wool exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Austria ($X), with a X% share of total exports. It was followed by Bulgaria, with an X% share.

From 2012 to 2021, the average annual growth rate of value to Romania stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-X% per year) and Bulgaria (+X% per year).

Export Prices by Country

The average metal wool export price stood at $X per ton in 2021, with a decrease of -X% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal wool export price decreased by -X% against 2018 indices. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Wool Imports

Imports into Hungary

In 2021, metal wool imports into Hungary declined to X tons, waning by -X% compared with the previous year. In general, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth imports remained at a lower figure.

In value terms, metal wool imports rose remarkably to $X in 2021. Overall, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Portugal (X tons) were the main suppliers of metal wool imports to Hungary, together comprising X% of total imports.

From 2012 to 2021, the biggest increases were in Portugal (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of metal wool to Hungary, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and the Netherlands (-X% per year).

Import Prices by Country

In 2021, the average metal wool import price amounted to $X per ton, surging by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform