Hungary - Tube Or Pipe Fittings (Of Iron Or Steel) - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Iron or Steel Tube Fitting in Hungary - 2023
Contents:
- Price for Iron or Steel Tube Fitting in Hungary (CIF) - 2023
- Price for Iron or Steel Tube Fitting in Hungary (FOB) - 2023
- Imports of Iron or Steel Tube Fitting in Hungary
- Exports of Iron or Steel Tube Fitting in Hungary
Price for Iron or Steel Tube Fitting in Hungary (CIF) - 2023
The average import price for tube or pipe fittings (of iron or steel) stood at $7,748 per ton in August 2023, increasing by 22% against the previous month. In general, import price indicated a resilient expansion from August 2022 to August 2023: its price increased at an average monthly rate of +6.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, iron or steel tube fitting import price increased by +35.5% against June 2023 indices. The growth pace was the most rapid in September 2022 an increase of 80% month-to-month. Over the period under review, average import prices attained the maximum at $8,661 per ton in December 2022; however, from January 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($11,838 per ton), while the price for China ($3,833 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Romania (+31.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel Tube Fitting in Hungary (FOB) - 2023
In August 2023, the average export price for tube or pipe fittings (of iron or steel) amounted to $13,714 per ton, increasing by 14% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in April 2023 when the average export price increased by 39% m-o-m. As a result, the export price reached the peak level of $15,264 per ton. From May 2023 to August 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Austria ($53,828 per ton), while the average price for exports to Congo ($4,027 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel Tube Fitting in Hungary
In 2022, imports of tube or pipe fittings (of iron or steel) into Hungary expanded markedly to 18K tons, increasing by 14% against 2021 figures. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, iron or steel tube fitting imports rose markedly to $125M in 2022. The total import value increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Iron or Steel Tube Fitting in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 46.0 | 32.7 | 42.5 | 37.7 | -6.4% |
| Italy | 12.6 | 11.2 | 12.8 | 13.9 | 3.3% |
| China | 6.7 | 6.3 | 8.8 | 12.4 | 22.8% |
| Poland | 7.6 | 9.3 | 9.2 | 9.2 | 6.6% |
| Czech Republic | 4.3 | 4.4 | 6.3 | 7.3 | 19.3% |
| France | 3.5 | 3.5 | 4.7 | 6.2 | 21.0% |
| Netherlands | 4.0 | 4.5 | 4.7 | 5.9 | 13.8% |
| Austria | 3.6 | 3.9 | 5.4 | 5.6 | 15.9% |
| South Korea | 0.3 | 0.9 | 1.5 | 4.8 | 152.0% |
| Romania | 3.3 | 2.2 | 2.7 | 3.0 | -3.1% |
| Slovakia | 1.5 | 1.0 | 1.1 | 1.7 | 4.3% |
| Denmark | 2.0 | 0.9 | 1.9 | 0.9 | -23.4% |
| Turkey | 1.2 | 0.8 | 0.8 | 0.8 | -12.6% |
| Others | 10.1 | 10.5 | 12.2 | 16.1 | 16.8% |
| Total | 107 | 92.0 | 114 | 125 | 5.3% |
Top Suppliers of Iron or Steel Tube Fitting to Hungary in 2022:
- Germany (4.1K tons)
- China (3.6K tons)
- Poland (1.7K tons)
- Czech Republic (1.6K tons)
- Italy (1.5K tons)
- Romania (0.9K tons)
- Netherlands (0.6K tons)
- South Korea (0.6K tons)
- Slovakia (0.6K tons)
- France (0.5K tons)
- Austria (0.5K tons)
- Turkey (0.2K tons)
- Denmark (0.1K tons)
Exports of Iron or Steel Tube Fitting in Hungary
Iron or steel tube fitting exports from Hungary reduced to 3.8K tons in 2022, shrinking by -12.3% on the year before. The total export volume increased at an average annual rate of +1.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 29%. As a result, the exports attained the peak of 4.3K tons, and then dropped in the following year.
In value terms, iron or steel tube fitting exports reduced modestly to $41M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 47%. As a result, the exports attained the peak of $42M, and then declined in the following year.
| Export of Iron or Steel Tube Fitting in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 15.1 | 13.0 | 13.5 | 11.5 | -8.7% |
| Sweden | N/A | 0.1 | 3.7 | 4.4 | 563.3% |
| Slovakia | 2.2 | 1.6 | 4.1 | 4.3 | 25.0% |
| Romania | 2.5 | 2.4 | 3.0 | 3.2 | 8.6% |
| Poland | 0.4 | 0.8 | 3.8 | 2.0 | 71.0% |
| Serbia | 1.1 | 1.1 | 2.0 | 1.7 | 15.6% |
| Croatia | 1.2 | 0.7 | 1.2 | 1.7 | 12.3% |
| Czech Republic | 0.5 | 0.3 | 0.6 | 1.3 | 37.5% |
| Netherlands | 0.2 | 0.9 | 1.0 | 1.2 | 81.7% |
| Austria | 0.7 | 0.9 | 1.2 | 1.1 | 16.3% |
| Bulgaria | 0.7 | 0.4 | 0.6 | 0.7 | 0.0% |
| Estonia | N/A | N/A | N/A | 0.2 | 0% |
| Denmark | 1.7 | 1.1 | 1.3 | 0.2 | -51.0% |
| Others | 5.8 | 5.7 | 6.6 | 7.9 | 10.8% |
| Total | 32.4 | 28.9 | 42.5 | 41.3 | 8.4% |
Top Export Markets for Iron or Steel Tube Fitting from Hungary in 2022:
- Germany (1375.5 tons)
- Romania (373.5 tons)
- Serbia (270.3 tons)
- Croatia (254.8 tons)
- Slovakia (236.6 tons)
- Sweden (199.0 tons)
- Czech Republic (160.5 tons)
- Austria (132.8 tons)
- Estonia (106.4 tons)
- Bulgaria (102.4 tons)
- Netherlands (94.0 tons)
- Poland (81.2 tons)
- Denmark (31.4 tons)
This report provides an in-depth analysis of the market for iron or steel tube fitting 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 2030.
Product coverage:
- Prodcom 24204010 - Flanges, of steel (excluding cast fittings)
- Prodcom 24204030 - Elbows, bends, couplings, sleeves and other threaded tube or pipe fittings, of steel (excluding cast fittings)
- Prodcom 24204050 - Elbows, bends, couplings and sleeves and other socket welding tube or pipe fittings, of steel (excluding cast fittings)
- Prodcom 24204073 - Butt welding elbows and bends, for tubes or pipes, of steel (excluding cast fittings)
- Prodcom 24204075 - Butt welding tube or pipe fittings, other than elbows and bends, of steel (excluding cast fittings)
- Prodcom 24513030 - Tube or pipe fittings, of non-malleable cast iron
- Prodcom 24513050 - Tube or pipe fittings of malleable cast iron
- Prodcom 24523000 - Tube or pipe fittings of cast steel
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
802
This report provides an in-depth analysis of the market for iron or steel tube fitting in Hungary.
1251
This report provides an in-depth analysis of the global market for iron or steel tube fitting.
436
Global Cast Steel Pipe Fittings Market Report 2018. This report provides an in-depth analysis of the global market for cast steel pipe fittings.
418
Global Market for Malleable Cast Iron Pipe Fittings. This report provides an in-depth analysis of the global market for malleable cast iron pipe fittings.
430
This report provides an in-depth analysis of the global market for non-malleable cast iron pipe fittings.
802
This report provides an in-depth analysis of the market for iron or steel tube fitting in Hungary.
1251
This report provides an in-depth analysis of the global market for iron or steel tube fitting.
436
Global Cast Steel Pipe Fittings Market Report 2018. This report provides an in-depth analysis of the global market for cast steel pipe fittings.
418
Global Market for Malleable Cast Iron Pipe Fittings. This report provides an in-depth analysis of the global market for malleable cast iron pipe fittings.
430
This report provides an in-depth analysis of the global market for non-malleable cast iron pipe fittings.
142
Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
3791
Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
1389
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1031
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1217
In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t
142
Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
3791
Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
1389
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1031
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1217
In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t
