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

Contents:

1. Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Hungary (CIF) - 2024
2. Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Hungary (FOB) - 2022
3. Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Hungary
4. Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Hungary

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

In March 2024, the average import price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $3,321 per ton, waning by -10.5% against the previous month. Overall, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in July 2023 an increase of 37% against the previous month. The import price peaked at $6,366 per ton in September 2023; however, from October 2023 to March 2024, 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 March 2023 to March 2024, the rate of growth in terms of prices for Italy amounted to +8.8% per month.

Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Hungary (FOB) - 2022

The average export price for iron or steel cast fittings, other than of non-malleable cast ira stood at $6,548 per ton in 2022, increasing by 13% against the previous year. In general, the export price, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 47%. Over the period under review, the average export prices hit record highs at $10,333 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($10,132 per ton), while the average price for exports to Estonia ($2,075 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 Poland (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the fourth consecutive year, Hungary recorded growth in supplies from abroad of iron or steel cast fittings, other than of non-malleable cast ira, which increased by 79% to 6K tons in 2022. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira soared to $17M in 2022. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 39%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. China (2262.2 tons)
2. France (575.7 tons)
3. Romania (463.8 tons)
4. Germany (402.6 tons)
5. Belgium (385.2 tons)
6. Poland (257.5 tons)
7. Lithuania (256.5 tons)
8. Italy (253.9 tons)
9. Austria (224.4 tons)
10. Netherlands (213.5 tons)
11. Czech Republic (210.2 tons)
12. Turkey (154.9 tons)
13. Bulgaria (138.8 tons)

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

In 2022, shipments abroad of iron or steel cast fittings, other than of non-malleable cast ira decreased by -39.9% to 778 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year.

In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira reduced rapidly to $5.1M in 2022. In general, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. As a result, the exports reached the peak of $7.5M, and then declined remarkably in the following year.

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

1. Romania (282.2 tons)
2. Slovakia (116.4 tons)
3. Estonia (106.2 tons)
4. Bulgaria (97.5 tons)
5. Serbia (54.0 tons)
6. Slovenia (25.9 tons)
7. Croatia (22.7 tons)
8. Poland (0.3 tons)

Source: IndexBox Market Intelligence Platform