Hungary - Iron Or Steel Chain - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Chain Price in Hungary - 2023
Contents:
- Metal Chain Price in Hungary (CIF) - 2022
- Metal Chain Price in Hungary (FOB) - 2023
- Metal Chain Imports in Hungary
- Metal Chain Exports in Hungary
Metal Chain Price in Hungary (CIF) - 2022
In 2022, the average metal chain import price amounted to $5,732 per ton, picking up by 27% against the previous year. Overall, the import price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 an increase of 67%. The import price peaked at $7,148 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($10,302 per ton), while the price for Slovenia ($1,821 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Chain Price in Hungary (FOB) - 2023
The average metal chain export price stood at $3,253 per ton in July 2023, declining by -22.5% against the previous month. Over the period under review, export price indicated perceptible growth from July 2022 to July 2023: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, metal chain export price decreased by -30.5% against April 2023 indices. The growth pace was the most rapid in April 2023 when the average export price increased by 71% m-o-m. As a result, the export price attained the peak level of $4,681 per ton. From May 2023 to July 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Germany.
From July 2022 to July 2023, the rate of growth in terms of prices for Germany amounted to +1.6% per month.
Metal Chain Imports in Hungary
In 2022, imports of iron or steel chain into Hungary reduced markedly to 252 tons, which is down by -48.1% against the year before. Overall, imports showed a significant decrease. The smallest decline of -11.7% was in 2020.
In value terms, metal chain imports shrank dramatically to $1.4M in 2022. Over the period under review, imports showed a perceptible decrease. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. As a result, imports attained the peak of $2.2M, and then contracted rapidly in the following year.
Import of Metal Chain in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 171 | 167 | 386 | 490 | 42.0% |
Germany | 255 | 258 | 484 | 324 | 8.3% |
Turkey | 41.2 | 107 | 479 | 190 | 66.5% |
Serbia | 876 | 923 | 213 | 127 | -47.5% |
Italy | 47.2 | 66.5 | 50.6 | 73.6 | 16.0% |
Netherlands | 30.4 | 19.2 | 138 | 29.9 | -0.6% |
Austria | 48.9 | 28.6 | 76.1 | 18.0 | -28.3% |
Slovenia | 27.6 | 15.3 | 26.5 | 16.2 | -16.3% |
Others | 104 | 109 | 346 | 178 | 19.6% |
Total | 1,602 | 1,693 | 2,199 | 1,447 | -3.3% |
Top Suppliers of Metal Chain to Hungary in 2022:
- China (122.2 tons)
- Germany (31.5 tons)
- Serbia (28.0 tons)
- Turkey (23.3 tons)
- Italy (12.7 tons)
- Slovenia (8.9 tons)
- Netherlands (7.7 tons)
- Austria (5.2 tons)
Metal Chain Exports in Hungary
In 2022, metal chain exports from Hungary reduced remarkably to 13 tons, which is down by -94.2% against the year before. Over the period under review, exports faced a sharp decline. The pace of growth was the most pronounced in 2021 with an increase of 1,815%. As a result, the exports reached the peak of 214 tons, and then fell dramatically in the following year.
In value terms, metal chain exports declined rapidly to $111K in 2022. Overall, exports recorded a precipitous slump. The pace of growth was the most pronounced in 2021 when exports increased by 1,296%. As a result, the exports reached the peak of $1.2M, and then shrank rapidly in the following year.
Export of Metal Chain in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Austria | 11.9 | 0.2 | 0.6 | 23.8 | 26.0% |
Romania | 11.2 | 25.2 | 250 | 17.4 | 15.8% |
Russia | 33.2 | 15.3 | 10.8 | 9.4 | -34.3% |
Poland | 4.2 | 2.7 | 58.3 | 9.0 | 28.9% |
Serbia | 9.4 | 1.6 | 357 | 6.7 | -10.7% |
Switzerland | 7.6 | 8.5 | 51.6 | 6.4 | -5.6% |
Ukraine | 10.1 | 10.4 | 57.5 | 6.0 | -15.9% |
Turkey | 0.1 | N/A | 258 | 6.0 | 291.5% |
Greece | N/A | N/A | 1.2 | 3.8 | 216.7% |
United States | 11.2 | 4.3 | 5.0 | 2.0 | -43.7% |
Belarus | 1.1 | 1.2 | 3.7 | 1.8 | 17.8% |
Spain | N/A | N/A | N/A | 1.1 | 0% |
Germany | 107 | 1.6 | 5.4 | 0.3 | -85.9% |
Others | 23.8 | 14.4 | 135 | 17.5 | -9.7% |
Total | 230 | 85.5 | 1,194 | 111 | -21.6% |
Top Export Markets for Metal Chain from Hungary in 2022:
- Ukraine (1824.0 kg)
- Switzerland (1628.0 kg)
- Serbia (1537.0 kg)
- Romania (1403.0 kg)
- Poland (1065.0 kg)
- Russia (945.0 kg)
- United States (594.0 kg)
- Turkey (560.0 kg)
- Austria (534.0 kg)
- Belarus (436.0 kg)
- Germany (396.0 kg)
- Spain (237.0 kg)
- Greece (210.0 kg)
This report provides an in-depth analysis of the metal chain market 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 25931750 - Iron or steel chain excluding articulated link chain, skid chain, s tud-link and welded link chain - chain saws, or other articles in which chains play a subsidiary role, surveying chains
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.
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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
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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
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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
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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
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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
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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
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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
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