Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Hungary - 2024

Contents:

1. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Hungary (CIF) - 2024
2. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Hungary (FOB) - 2024
3. Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Hungary
4. Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Hungary

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Hungary (CIF) - 2024

In March 2024, the average import price for tube or pipe fittings of non-malleable cast iron amounted to $8,889 per ton, waning by -16.1% against the previous month. In general, the import price, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 118% m-o-m. Over the period under review, average import prices hit record highs at $10,592 per ton in February 2024, and then contracted markedly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Israel ($19,142 per ton), while the price for China ($4,124 per ton) was amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Italy (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Hungary (FOB) - 2024

In March 2024, the average export price for tube or pipe fittings of non-malleable cast iron amounted to $11,943 per ton, declining by -50.1% against the previous month. Over the period under review, the export price continues to indicate a slight decrease. The most prominent rate of growth was recorded in August 2023 an increase of 54% m-o-m. Over the period under review, the average export prices reached the maximum at $23,945 per ton in February 2024, and then reduced rapidly in the following month.

There were significant differences in the average prices for the major external markets. In March 2024, the country with the highest price was Kazakhstan ($78,315 per ton), while the average price for exports to Mexico ($8,169 per ton) was amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Hungary

In 2022, approx. 1.7K tons of tube or pipe fittings of non-malleable cast iron were imported into Hungary; growing by 27% compared with the previous year's figure. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +8.8% 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 +91.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of tube or pipe fittings of non-malleable cast iron surged to $8M in 2022. The total import value increased at an average annual rate of +13.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron to Hungary in 2022:

1. Czech Republic (732.3 tons)
2. Italy (346.6 tons)
3. China (231.9 tons)
4. Netherlands (126.7 tons)
5. United Kingdom (116.3 tons)
6. Israel (75.4 tons)
7. Germany (30.6 tons)

Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Hungary

In 2022, the amount of tube or pipe fittings of non-malleable cast iron exported from Hungary soared to 131 tons, with an increase of 34% against the year before. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 119% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of tube or pipe fittings of non-malleable cast iron skyrocketed to $1.4M in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 93%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron from Hungary in 2022:

1. Netherlands (81.0 tons)
2. Germany (18.7 tons)
3. Serbia (15.7 tons)
4. Romania (5.4 tons)
5. Denmark (3.9 tons)
6. Qatar (2.7 tons)
7. Turkey (0.4 tons)

Source: IndexBox Market Intelligence Platform