Metals; Platinum, Semi-Manufactured Price in Hungary - 2023

Contents:

1. Metals; Platinum, Semi-Manufactured Price in Hungary (CIF) - 2022
2. Metals; Platinum, Semi-Manufactured Price in Hungary (FOB) - 2022
3. Metals; Platinum, Semi-Manufactured Imports in Hungary
4. Metals; Platinum, Semi-Manufactured Exports in Hungary

Metals; Platinum, Semi-Manufactured Price in Hungary (CIF) - 2022

In 2022, the average metals; platinum, semi-manufactured import price amounted to $7,499,789 per ton, falling by -36.9% against the previous year. In general, the import price saw a deep slump. The growth pace was the most rapid in 2014 when the average import price increased by 70%. The import price peaked at $42,748,308 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($46,145,500 per ton), while the price for the Czech Republic ($2,023,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Metals; Platinum, Semi-Manufactured Price in Hungary (FOB) - 2022

The average metals; platinum, semi-manufactured export price stood at $31,171,667 per ton in 2022, with an increase of 16% against the previous year. In general, the export price, however, saw a pronounced setback. The growth pace was the most rapid in 2019 when the average export price increased by 49%. Over the period under review, the average export prices hit record highs at $50,032,723 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mauritius ($31,823,000 per ton), while the average price for exports to Slovakia amounted to $30,520,333 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+150.0%), while the prices for the other major destinations experienced mixed trend patterns.

Metals; Platinum, Semi-Manufactured Imports in Hungary

In 2022, after three years of growth, there was decline in supplies from abroad of metals; platinum, semi-manufactureds, when their volume decreased by 0% to 19 kg. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.6% 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 +58.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, metals; platinum, semi-manufactured imports shrank rapidly to $142K in 2022. Over the period under review, imports saw a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 6.4% against the previous year. As a result, imports attained the peak of $226K, and then contracted remarkably in the following year.

Top Suppliers of Metals; Platinum, Semi-Manufactured to Hungary in 2022:

1. United States (14.0 kg)
2. Germany (2.0 kg)
3. Switzerland (1.0 kg)
4. Czech Republic (1.0 kg)
5. United Kingdom (1.0 kg)

Metals; Platinum, Semi-Manufactured Exports in Hungary

Metals; platinum, semi-manufactured exports from Hungary surged to 6 kg in 2022, with an increase of 50% against 2021. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +6.3% 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 +100.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metals; platinum, semi-manufactured exports skyrocketed to $187K in 2022. Over the period under review, exports posted strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 86%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Metals; Platinum, Semi-Manufactured from Hungary in 2022:

1. Mauritius (3.0 kg)
2. Slovakia (3.0 kg)

Source: IndexBox Market Intelligence Platform