Gold Compounds Price in Hungary - 2023
Contents:
Gold Compounds Price in Hungary (CIF) - 2022
In 2022, the average gold compounds import price amounted to $16,881,377 per ton, shrinking by -46.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 45% against the previous year. As a result, import price attained the peak level of $31,327 per kg, and then contracted remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($37,546,857 per ton), while the price for the Czech Republic ($414,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Gold Compounds Imports in Hungary
In 2022, the amount of gold compoundses imported into Hungary skyrocketed to 53 kg, with an increase of 96% on the year before. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, gold compounds imports expanded significantly to $895K in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.8% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 26% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Gold Compounds in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 292 | 439 | 511 | 526 | 21.7% |
| Switzerland | 243 | 194 | 333 | 295 | 6.7% |
| Italy | 5.3 | 36.4 | 0.5 | 70.5 | 136.9% |
| Czech Republic | 0.7 | 1.0 | 0.3 | 2.5 | 52.9% |
| China | N/A | N/A | N/A | 0.5 | 0% |
| Belgium | 0.9 | 0.8 | 1.0 | 0.4 | -23.7% |
| Others | 0.6 | N/A | N/A | N/A | 0% |
| Total | 543 | 671 | 846 | 895 | 18.1% |
Top Suppliers of Gold Compounds to Hungary in 2022:
- Italy (22.0 kg)
- Germany (14.0 kg)
- Switzerland (9.0 kg)
- Czech Republic (6.0 kg)
- Belgium (1.0 kg)
- China (1.0 kg)
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