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Hungary - Pig Iron And Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights
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Hungary: Pig Iron Market Overview 2020

Pig Iron Market Size in Hungary

In 2019, the Hungarian pig iron market decreased by -X% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. From 2016 to 2019, the growth of the market failed to regain the momentum.

Pig Iron Exports

Exports from Hungary

In 2019, the amount of pig iron and spiegeleisen exported from Hungary skyrocketed to X tonnes, rising by X% compared with the previous year. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2013 when exports increased by X% y-o-y. Exports peaked in 2019 and are likely to continue growth in years to come.

In value terms, pig iron exports soared to $X in 2019. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Exports peaked in 2019 and are expected to retain growth in the immediate term.

Exports by Country

Slovakia (X tonnes), Germany (X tonnes) and the Netherlands (X tonnes) were the main destinations of pig iron exports from Hungary, together accounting for X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia, while exports for the other leaders experienced mixed trend patterns.

In value terms, Slovakia ($X) emerged as the key foreign market for pig iron exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Slovakia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the Netherlands (-X% per year).

Export Prices by Country

The average pig iron export price stood at $X per tonne in 2019, waning by -X% against the previous year. In general, the export price continues to indicate a abrupt slump. The growth pace was the most rapid in 2008 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average export prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced a decline.

Pig Iron Imports

Imports into Hungary

In 2019, purchases abroad of pig iron and spiegeleisen decreased by -X% to X tonnes, falling for the second consecutive year after four years of growth. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, pig iron imports fell sharply to $X in 2019. Over the period under review, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2008; however, from 2009 to 2019, imports remained at a lower figure.

Imports by Country

Poland (X tonnes), Slovakia (X tonnes) and the Czech Republic (X tonnes) were the main suppliers of pig iron imports to Hungary, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Poland, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Germany ($X) and Poland ($X) were the largest pig iron suppliers to Hungary, together comprising X% of total imports.

Poland recorded the highest growth rate of 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

The average pig iron import price stood at $X per tonne in 2019, increasing by X% against the previous year. Overall, import price indicated a mild expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, pig iron import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pig iron and spiegeleisen in the world?
+
The country with the largest volume of pig iron consumption was China (797M tonnes), comprising approx. 63% of total volume. Moreover, pig iron consumption in China exceeded the figures recorded by the second-largest consumer, India (76M tonnes), tenfold. The third position in this ranking was occupied by South Korea (54M tonnes), with a 4.3% share.
What are the largest producers of pig iron and spiegeleisen in the world?
+
China (797M tonnes) remains the largest pig iron producing country worldwide, comprising approx. 63% of total volume. Moreover, pig iron production in China exceeded the figures recorded by the second-largest producer, India (77M tonnes), tenfold. The third position in this ranking was occupied by South Korea (54M tonnes), with a 4.2% share.
What are the leading suppliers of pig iron and spiegeleisen to Hungary?
+
In value terms, Slovakia ($1.2M), Germany ($1.1M) and Poland ($748K) were the largest pig iron suppliers to Hungary, together comprising 71% of total imports.
What are the leading importers of pig iron and spiegeleisen from Hungary?
+
In value terms, Slovakia ($156K) emerged as the key foreign market for pig iron exports from Hungary, comprising 80% of total exports. The second position in the ranking was occupied by Germany ($24K), with a 12% share of total exports.
What is the average export price for pig iron and spiegeleisen in Hungary?
+
The average pig iron export price stood at $290 per tonne in 2019, which is down by -2.1% against the previous year.
What is the average import price for pig iron and spiegeleisen in Hungary?
+
The average pig iron import price stood at $550 per tonne in 2019, growing by 26% against the previous year.

Product coverage:
• Prodcom 24101100 - Pig iron and spiegeleisen in pigs, blocks or other primary forms

This report provides an in-depth analysis of the pig iron market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Hungary

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Hungary
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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