Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Hungary - 2023

Contents:

1. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Hungary (CIF) - 2023
2. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Hungary (FOB) - 2023
3. Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Hungary
4. Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Hungary

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Hungary (CIF) - 2023

In October 2023, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $7,293 per ton, declining by -43.6% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 315% m-o-m. Over the period under review, average import prices attained the maximum at $42,521 per ton in March 2023; however, from April 2023 to October 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From October 2022 to October 2023, the rate of growth in terms of prices for Germany amounted to +9.5% per month.

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Hungary (FOB) - 2023

The average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $4,845 per ton in October 2023, picking up by 5.8% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in September 2023 an increase of 6.9% against the previous month. The export price peaked in October 2023.

Average prices varied noticeably for the major export markets. In October 2023, the country with the highest price was Switzerland ($5,096 per ton), while the average price for exports to Serbia ($4,288 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Hungary

In 2022, after three years of growth, there was significant decline in overseas purchases of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses, when their volume decreased by -18.9% to 663 tons. Overall, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 68% against the previous year.

In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses dropped markedly to $16M in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 182% against the previous year.

Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to Hungary in 2022:

1. Germany (475.1 tons)
2. France (49.3 tons)
3. Spain (42.5 tons)
4. Italy (27.9 tons)
5. Poland (25.3 tons)
6. Czech Republic (15.3 tons)
7. Austria (11.3 tons)

Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Hungary

Exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses from Hungary rose modestly to 2.8K tons in 2022, surging by 3.7% against 2021. The total export volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 9.2% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses soared to $12M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 40% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less from Hungary in 2022:

1. Germany (715.7 tons)
2. Netherlands (581.9 tons)
3. Sweden (396.2 tons)
4. Switzerland (298.5 tons)
5. Belgium (162.4 tons)
6. United States (139.9 tons)
7. Bosnia and Herzegovina (138.4 tons)
8. Serbia (127.2 tons)
9. Bulgaria (120.2 tons)
10. Poland (14.0 tons)

Source: IndexBox Market Intelligence Platform