Hungary: Titanium Market 2022

Titanium Market Size in Hungary

After two years of growth, the Hungarian titanium market decreased by -X% to $X in 2021. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased 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, consumption increased by +X% against 2018 indices. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Titanium Production in Hungary

In value terms, titanium production declined to $X in 2021 estimated in export price. Over the period under review, the total production indicated a buoyant increase from 2012 to 2021: its value 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, production increased by +X% against 2018 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then contracted in the following year.

Titanium Exports

Exports from Hungary

Titanium exports from Hungary surged to X kg in 2021, growing by X% on the previous year's figure. In general, exports, however, showed a significant curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, titanium exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to Switzerland amounted to +X%.

In value terms, Switzerland ($X) also remains the key foreign market for titanium exports from Hungary.

From 2012 to 2021, the average annual growth rate of value to Switzerland amounted to +X%.

Export Prices by Country

The average titanium export price stood at $X per ton in 2021, approximately equating the previous year. Overall, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Switzerland.

From 2012 to 2021, the rate of growth in terms of prices for Switzerland amounted to -X% per year.

Titanium Imports

Imports into Hungary

In 2021, approx. X kg of titanium sponge, powders, ingots and slabs were imported into Hungary; declining by -X% against 2020. In general, imports showed a sharp curtailment. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, titanium imports reduced remarkably to $X in 2021. Overall, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X kg) constituted the largest supplier of titanium to Hungary, accounting for a X% share of total imports. Moreover, titanium imports from China exceeded the figures recorded by the second-largest supplier, Japan (X kg), more than tenfold.

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: Japan (+X% per year) and the United States (-X% per year).

In value terms, the largest titanium suppliers to Hungary were Japan ($X), China ($X) and the United States ($X), together accounting for X% of total imports.

Japan, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average titanium import price stood at $X per ton in 2021, with an increase of X% against the previous year. In general, the import price recorded significant growth. As a result, import price reached 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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform