Price for Iron or Steel; Cast Articles in Hungary - 2023
Contents:
- Price for Iron or Steel; Cast Articles in Hungary (CIF) - 2022
- Price for Iron or Steel; Cast Articles in Hungary (FOB) - 2022
- Imports of Iron or Steel; Cast Articles in Hungary
- Exports of Iron or Steel; Cast Articles in Hungary
Price for Iron or Steel; Cast Articles in Hungary (CIF) - 2022
In 2022, the average import price for iron or steel; cast articleses amounted to $2,707 per ton, approximately equating the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 77%. The import price peaked at $5,233 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovenia ($4,492 per ton), while the price for France ($1,410 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Cast Articles in Hungary (FOB) - 2022
In 2022, the average export price for iron or steel; cast articleses amounted to $9,067 per ton, declining by -14.3% against the previous year. Overall, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 107%. Over the period under review, the average export prices hit record highs at $37,590 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($33,141 per ton), while the average price for exports to Brazil ($2,637 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+39.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Cast Articles in Hungary
In 2022, iron or steel; cast articles imports into Hungary soared to 18K tons, rising by 27% compared with 2021. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +19.9% 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 +72.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, iron or steel; cast articles imports surged to $47M in 2022. In general, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron or Steel; Cast Articles in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 19.7 | 12.6 | 18.8 | 18.7 | -1.7% |
| Poland | 4.7 | 4.6 | 4.6 | 7.6 | 17.4% |
| Italy | 3.6 | 2.5 | 3.0 | 4.7 | 9.3% |
| France | 3.3 | 1.1 | 0.9 | 2.3 | -11.3% |
| Czech Republic | 5.3 | 2.4 | 1.0 | 2.1 | -26.6% |
| Austria | 1.9 | 1.8 | 2.4 | 2.0 | 1.7% |
| China | 0.5 | 0.8 | 0.8 | 1.2 | 33.9% |
| Spain | 0.5 | 0.7 | 0.8 | 1.2 | 33.9% |
| Slovenia | 0.8 | 0.8 | 1.3 | 1.1 | 11.2% |
| Croatia | 0.8 | 0.3 | 0.7 | 1.1 | 11.2% |
| Serbia | 0.2 | 0.1 | 0.4 | 1.0 | 71.0% |
| Slovakia | 0.8 | 0.7 | 0.8 | 0.9 | 4.0% |
| Others | 4.1 | 3.0 | 2.5 | 3.5 | -5.1% |
| Total | 46.1 | 31.6 | 37.9 | 47.4 | 0.9% |
Top Suppliers of Iron or Steel; Cast Articles to Hungary in 2022:
- Germany (5.8K tons)
- Poland (4.0K tons)
- France (1.7K tons)
- Italy (1.4K tons)
- Austria (0.7K tons)
- Czech Republic (0.6K tons)
- Croatia (0.6K tons)
- Serbia (0.4K tons)
- Slovakia (0.4K tons)
- China (0.4K tons)
- Spain (0.4K tons)
- Slovenia (0.3K tons)
Exports of Iron or Steel; Cast Articles in Hungary
In 2022, approx. 3.3K tons of iron or steel; cast articleses were exported from Hungary; growing by 40% on the previous year's figure. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 109%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, iron or steel; cast articles exports skyrocketed to $30M in 2022. The total export value increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron or Steel; Cast Articles in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 17.4 | 11.6 | 11.4 | 10.2 | -16.3% |
| Slovakia | 0.4 | 3.9 | 4.8 | 6.4 | 152.0% |
| Switzerland | 0.6 | 1.0 | 1.3 | 2.5 | 60.9% |
| Italy | 0.3 | 1.3 | 1.3 | 2.1 | 91.3% |
| Poland | N/A | N/A | 0.3 | 1.8 | 500.0% |
| Austria | 0.9 | 0.9 | 1.2 | 1.7 | 23.6% |
| Netherlands | 0.5 | 0.5 | 0.5 | 0.5 | 0.0% |
| Brazil | 0.5 | 0.3 | 0.4 | 0.3 | -15.7% |
| Ukraine | 0.9 | 0.9 | 0.1 | N/A | -66.7% |
| Others | 4.4 | 3.6 | 3.8 | 4.6 | 1.5% |
| Total | 25.9 | 24.0 | 25.2 | 30.1 | 5.1% |
Top Export Markets for Iron or Steel; Cast Articles from Hungary in 2022:
- Germany (1132.8 tons)
- Slovakia (1073.2 tons)
- Italy (304.6 tons)
- Austria (173.5 tons)
- Poland (148.2 tons)
- Brazil (104.8 tons)
- Switzerland (74.7 tons)
- Netherlands (19.7 tons)
- Ukraine (0.8 tons)
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