Hungary: Titanium Market 2023

Titanium Exports

Exports from Hungary

In 2022, exports of titanium sponge, powders, ingots and slabs from Hungary soared to X kg, rising by 200% against the previous year's figure. In general, exports, however, recorded a dramatic slump. Over the period under review, the exports attained the maximum at X kg in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, titanium exports fell markedly to $X in 2022. Overall, exports, however, continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2017 with an increase of 1,284%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X kg) was the main destination for titanium exports from Hungary, with a approx. 100% share of total exports.

From 2015 to 2022, the average annual growth rate of volume to Canada was relatively modest.

From 2015 to 2022, the average annual growth rate of value to Canada was relatively modest.

Export Prices by Country

In 2022, the average titanium export price amounted to $X per ton, declining by -71.6% against the previous year. Overall, the export price, however, enjoyed strong growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 526% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Canada totaled $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+37.5%).

Titanium Imports

Imports into Hungary

In 2022, titanium imports into Hungary surged to X tons, with an increase of 157% against the previous year's figure. In general, imports, however, saw a deep setback. The growth pace was the most rapid in 2018 with an increase of 3,858%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, titanium imports soared to $X in 2022. Overall, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 2,911%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Switzerland (X tons) constituted the largest titanium supplier to Hungary, accounting for a 82% share of total imports. Moreover, titanium imports from Switzerland exceeded the figures recorded by the second-largest supplier, China (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Switzerland stood at +41.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.3% per year) and the UK (-4.5% per year).

In value terms, Switzerland ($X) constituted the largest supplier of titanium sponge, powders, ingots and slabs to Hungary, comprising 73% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Switzerland totaled +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.1% per year) and the UK (+3.5% per year).

Import Prices by Country

The average titanium import price stood at $X per ton in 2022, shrinking by -52.2% against the previous year. In general, the import price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 190% against the previous year. The import price peaked at $X per ton in 2021, and then contracted dramatically in the following year.

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 the UK ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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