Hungary: Market for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines 2024

Market Size for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Hungary

In 2022, the Hungarian market for line pipe of steel other than stainless steel for oil or gas pipelines increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, saw a abrupt shrinkage. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Exports from Hungary

In 2022, overseas shipments of line pipe of steel other than stainless steel for oil or gas pipelines decreased by X% to X kg, falling for the fourth consecutive year after four years of growth. Over the period under review, exports saw a dramatic decrease. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of line pipe of steel other than stainless steel for oil or gas pipelines reduced rapidly to $X in 2022. Overall, exports showed a noticeable contraction. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for exports of line pipe of steel other than stainless steel for oil or gas pipelines from Hungary, with a X% share of total exports. Moreover, exports of line pipe of steel other than stainless steel for oil or gas pipelines to the United States exceeded the volume sent to the second major destination, Slovakia (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%.

In value terms, the United States ($X) remains the key foreign market for line pipe of steel other than stainless steel for oil or gas pipelines exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%.

Export Prices by Country

The average export price for line pipe of steel other than stainless steel for oil or gas pipelines stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price recorded a significant expansion. The growth pace was the most rapid in 2019 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Slovakia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Imports into Hungary

In 2022, supplies from abroad of line pipe of steel other than stainless steel for oil or gas pipelines was finally on the rise to reach X tons after three years of decline. Overall, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports of reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines surged to $X in 2022. Over the period under review, imports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Italy (X tons) and the Czech Republic (X tons) were the main suppliers of imports of line pipe of steel other than stainless steel for oil or gas pipelines to Hungary, together accounting for X% of total imports. Poland, Slovakia, Romania and Germany lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X), Italy ($X) and Poland ($X) were the largest line pipe of steel other than stainless steel for oil or gas pipelines suppliers to Hungary, with a combined X% share of total imports. Germany, Slovakia, the Czech Republic and Romania lagged somewhat behind, together accounting for a further X%.

Slovakia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average import price for line pipe of steel other than stainless steel for oil or gas pipelines amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a perceptible curtailment. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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