Hungary - Iron or Steel Wire Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Iron or Steel Wire Product in Hungary - 2023
Contents:
- Price for Iron or Steel Wire Product in Hungary (CIF) - 2023
- Price for Iron or Steel Wire Product in Hungary (FOB) - 2023
- Imports of Iron or Steel Wire Product in Hungary
- Exports of Iron or Steel Wire Product in Hungary
Price for Iron or Steel Wire Product in Hungary (CIF) - 2023
The average import price for iron or steel wire products stood at $3,461 per ton in July 2023, increasing by 16% against the previous month. In general, the import price, however, showed a slight contraction. The growth pace was the most rapid in November 2022 when the average import price increased by 29% month-to-month. The import price peaked at $3,963 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($6,863 per ton), while the price for Serbia ($1,163 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel Wire Product in Hungary (FOB) - 2023
In July 2023, the average export price for iron or steel wire products amounted to $5,172 per ton, therefore, remained relatively stable against the previous month. Over the period under review, export price indicated a noticeable increase from July 2022 to July 2023: its price increased at an average monthly rate of +3.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, iron or steel wire product export price increased by +10.2% against May 2023 indices. The pace of growth appeared the most rapid in March 2023 an increase of 27% m-o-m. As a result, the export price attained the peak level of $6,355 per ton. From April 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Romania ($10,325 per ton), while the average price for exports to Slovakia ($2,069 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel Wire Product in Hungary
Iron or steel wire product imports into Hungary expanded remarkably to 12K tons in 2022, rising by 7.6% against the previous year's figure. The total import volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, iron or steel wire product imports surged to $41M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
Import of Iron or Steel Wire Product in Hungary (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Germany | 6.7 | 7.4 | 9.3 | 17.8% | |
Poland | 3.5 | 4.0 | 4.8 | 17.1% | |
Italy | 2.3 | 1.8 | 3.8 | 28.5% | |
Serbia | 1.2 | 1.4 | 2.8 | 52.8% | |
Slovakia | 2.7 | 2.0 | 2.6 | -1.9% | |
France | 2.2 | 1.8 | 2.3 | 2.2% | |
Austria | 1.2 | 1.7 | 1.7 | 19.0% | |
China | 0.7 | 1.0 | 1.7 | 55.8% | |
Croatia | 0.3 | 0.5 | 0.9 | 73.2% | |
Czech Republic | 2.5 | 1.9 | 0.6 | -51.0% | |
Ukraine | 0.5 | 0.6 | 0.4 | -10.6% | |
Romania | 0.3 | 0.3 | 0.4 | 15.5% | |
Belarus | N/A | N/A | 0.2 | 0% | |
Others | 2.8 | 3.1 | 4.3 | 23.9% | |
Total | 27.1 | 27.4 | 35.9 | 15.1% |
Top Suppliers of Iron or Steel Wire Product to Hungary in 2022:
- Serbia (2229.0 tons)
- Germany (2143.9 tons)
- Poland (1778.1 tons)
- Italy (1644.4 tons)
- Slovakia (930.9 tons)
- Croatia (435.7 tons)
- Ukraine (371.9 tons)
- France (352.8 tons)
- China (348.7 tons)
- Romania (230.0 tons)
- Belarus (200.0 tons)
- Czech Republic (197.7 tons)
- Austria (188.7 tons)
Exports of Iron or Steel Wire Product in Hungary
In 2022, exports of iron or steel wire products from Hungary rose notably to 4.8K tons, with an increase of 8.9% compared with the previous year. The total export volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, iron or steel wire product exports totaled $25M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.2% 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 +46.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 33%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
Export of Iron or Steel Wire Product in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Germany | 9.0 | 8.2 | 9.5 | 2.7% | |
Czech Republic | 1.7 | 1.8 | 2.9 | 30.6% | |
Austria | 2.5 | 2.6 | 2.8 | 5.8% | |
Romania | 1.2 | 0.8 | 1.9 | 25.8% | |
Slovakia | 0.3 | 0.3 | 1.2 | 100.0% | |
Italy | 0.5 | 0.5 | 0.7 | 18.3% | |
Luxembourg | 0.2 | 0.3 | 0.5 | 58.1% | |
Poland | 0.3 | 0.3 | 0.3 | 0.0% | |
Sweden | 0.2 | 0.3 | 0.2 | 0.0% | |
Others | 2.9 | 2.0 | 2.7 | -3.5% | |
Total | 18.7 | 17.1 | 22.8 | 10.4% |
Top Export Markets for Iron or Steel Wire Product from Hungary in 2022:
- Germany (1961.3 tons)
- Czech Republic (804.4 tons)
- Austria (657.1 tons)
- Romania (323.1 tons)
- Italy (129.9 tons)
- Luxembourg (107.5 tons)
- Slovakia (104.0 tons)
- Sweden (80.0 tons)
- Poland (57.7 tons)
This report provides an in-depth analysis of the market for iron or steel wire product in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25992925 - Finished products of iron/steel wire, snares, traps, etc., fodder ties, animal nose rings, mattress hooks, butchers
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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