Hungary: Market for Sanitary Ware And Parts Of Iron Or Steel 2022

Market Size for Sanitary Ware And Parts Of Iron Or Steel in Hungary

For the fourth consecutive year, the Hungarian market for sanitary ware and parts of iron or steel recorded growth in sales value, which increased by X% to $X in 2021. In general, consumption, however, recorded a relatively flat trend pattern. Iron or steel sanitary ware consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Sanitary Ware And Parts Of Iron Or Steel in Hungary

In value terms, iron or steel sanitary ware production rose markedly to $X in 2021 estimated in export price. Overall, production, however, faced a precipitous curtailment. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports from Hungary

In 2021, exports of sanitary ware and parts of iron or steel from Hungary skyrocketed to X tons, increasing by X% compared with 2020 figures. In general, exports saw a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, iron or steel sanitary ware exports skyrocketed to $X in 2021. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Germany (X tons) was the main destination for iron or steel sanitary ware exports from Hungary, with a X% share of total exports. Moreover, iron or steel sanitary ware exports to Germany exceeded the volume sent to the second major destination, Romania (X tons), twofold. The third position in this ranking was occupied by Slovakia (X tons), with a X% share.

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

In value terms, Germany ($X) remains the key foreign market for iron or steel sanitary ware exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Romania ($X), with a X% share of total exports. It was followed by Slovakia, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Slovakia (+X% per year).

Export Prices by Country

In 2021, the average export price for sanitary ware and parts of iron or steel amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Poland ($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 Poland (+X%), while the prices for the other major destinations experienced a decline.

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports into Hungary

Iron or steel sanitary ware imports into Hungary stood at X tons in 2021, surging by X% on the previous year's figure. Over the period under review, imports posted strong growth. The growth pace was the most rapid in 2019 when imports increased by X%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, iron or steel sanitary ware imports stood at $X in 2021. In general, imports recorded resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of iron or steel sanitary ware to Hungary, with a X% share of total imports. Moreover, iron or steel sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was occupied by Germany (X tons), with an X% share.

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

In value terms, China ($X), Germany ($X) and Poland ($X) were the largest iron or steel sanitary ware suppliers to Hungary, together comprising X% of total imports. These countries were followed by Spain, Slovenia, the Czech Republic and Turkey, which together accounted for a further X, with a CAGR of +X%, recorded 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

The average import price for sanitary ware and parts of iron or steel stood at $X per ton in 2021, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform