Hungary: Zirconium Market 2024

Zirconium Market Size in Hungary

The Hungarian zirconium market reduced slightly to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption, however, continues to indicate a strong increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Zirconium Production in Hungary

In value terms, zirconium production stood at $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume decreased by X%. Over the period under review, production attained the peak level in 2022 and is expected to retain growth in years to come.

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Zirconium Exports

Exports from Hungary

In 2022, exports of zirconium from Hungary shrank notably to X kg, falling by X% compared with the year before. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X kg in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, zirconium exports soared to $X in 2022. Overall, exports, however, saw tangible growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Croatia (X kg), the Czech Republic (X kg) and Slovakia (X kg) were the main destinations of zirconium exports from Hungary, with a combined X% share of total exports.

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

In value terms, the largest markets for zirconium exported from Hungary were Croatia ($X), the Czech Republic ($X) and Slovakia ($X), together accounting for X% of total exports. Bulgaria and Slovenia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Slovenia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average zirconium export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, saw a abrupt decrease. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Slovakia ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Croatia ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

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

Zirconium Imports

Imports into Hungary

In 2022, zirconium imports into Hungary contracted to X tons, falling by X% against the previous year's figure. In general, imports, however, showed a pronounced expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, zirconium imports dropped slightly to $X in 2022. Overall, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest zirconium supplier to Hungary, accounting for a X% share of total imports. Moreover, zirconium imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and the United States (X% per year).

In value terms, Germany ($X) constituted the largest supplier of zirconium to Hungary, comprising X% of total imports. The second position in the ranking was held by France ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and the United States (X% per year).

Import Prices by Country

The average zirconium import price stood at $X per ton in 2022, rising by X% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zirconium import price decreased by X% against 2016 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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