Price for Metals; Silver, Unwrought, (But Not Powder) in Hungary - 2023
Contents:
- Price for Metals; Silver, Unwrought, (But Not Powder) in Hungary (FOB) - 2022
- Price for Metals; Silver, Unwrought, (But Not Powder) in Hungary (CIF) - 2022
- Exports of Metals; Silver, Unwrought, (But Not Powder) in Hungary
- Imports of Metals; Silver, Unwrought, (But Not Powder) in Hungary
Price for Metals; Silver, Unwrought, (But Not Powder) in Hungary (FOB) - 2022
The average export price for metals; silver, unwrought, (but not powder) stood at $243,621 per ton in 2022, which is down by -5.1% against the previous year. Over the period under review, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 15% against the previous year. The export price peaked at $984,472 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($1,751,759 per ton), while the average price for exports to Turkey ($49,471 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 Romania (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Metals; Silver, Unwrought, (But Not Powder) in Hungary (CIF) - 2022
In 2022, the average import price for metals; silver, unwrought, (but not powder) amounted to $741,827 per ton, falling by -14.9% against the previous year. In general, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 38% against the previous year. Over the period under review, average import prices attained the maximum at $1,010,875 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,717,529 per ton), while the price for the UK ($415,113 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Metals; Silver, Unwrought, (But Not Powder) in Hungary
For the fourth consecutive year, Hungary recorded growth in shipments abroad of metals; silver, unwrought, (but not powder), which increased by 1.2% to 81 tons in 2022. In general, exports posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 89% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of metals; silver, unwrought, (but not powder) dropped modestly to $20M in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 63%. As a result, the exports attained the peak of $20M, and then contracted in the following year.
| Export of Metals; Silver, Unwrought, (But Not Powder) in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 2.0 | 2.6 | 3.9 | 3.7 | 22.8% |
| Germany | 1.5 | 2.0 | 3.6 | 3.4 | 31.4% |
| Czech Republic | 0.6 | 0.7 | 2.0 | 2.2 | 54.2% |
| Turkey | 1.3 | 1.6 | 3.0 | 1.9 | 13.5% |
| Italy | 1.0 | 1.0 | 1.9 | 1.3 | 9.1% |
| Belgium | 0.9 | 0.9 | 1.2 | 1.1 | 6.9% |
| China | N/A | 0.4 | 0.5 | 0.6 | 22.5% |
| Mexico | N/A | 0.1 | 0.7 | 0.5 | 123.6% |
| United Kingdom | 0.8 | 0.8 | 0.7 | 0.5 | -14.5% |
| Ukraine | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Egypt | N/A | 0.1 | N/A | N/A | 0% |
| Others | 2.2 | 2.4 | 2.8 | 4.1 | 23.1% |
| Total | 10.4 | 12.6 | 20.4 | 19.6 | 23.5% |
Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from Hungary in 2022:
- Turkey (38.7 tons)
- China (10.7 tons)
- Mexico (9.8 tons)
- Ukraine (4.3 tons)
- Czech Republic (3.0 tons)
- Germany (2.2 tons)
- Romania (2.1 tons)
- United Kingdom (2.1 tons)
- Italy (1.5 tons)
- Belgium (0.7 tons)
Imports of Metals; Silver, Unwrought, (But Not Powder) in Hungary
For the fourth consecutive year, Hungary recorded growth in supplies from abroad of metals; silver, unwrought, (but not powder), which increased by 5.4% to 16 tons in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.3% 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 +57.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 38%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of metals; silver, unwrought, (but not powder) fell to $12M in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. As a result, imports reached the peak of $13M, and then dropped in the following year.
| Import of Metals; Silver, Unwrought, (But Not Powder) in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.1 | 5.5 | 7.1 | 5.5 | 37.8% |
| Switzerland | N/A | N/A | 2.5 | 2.8 | 12.0% |
| Italy | N/A | N/A | 2.1 | 1.5 | -28.6% |
| Poland | N/A | N/A | 0.2 | 0.8 | 300.0% |
| Netherlands | 1.3 | 0.6 | 0.8 | 0.7 | -18.6% |
| Romania | 0.1 | 0.3 | 0.4 | 0.3 | 44.2% |
| United Kingdom | 2.1 | 2.3 | N/A | N/A | 9.5% |
| Serbia | 0.5 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
| Total | 6.3 | 8.9 | 13.2 | 11.8 | 23.3% |
Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to Hungary in 2022:
- Germany (8.1 tons)
- Switzerland (4.0 tons)
- Italy (2.3 tons)
- Poland (0.5 tons)
- Netherlands (0.4 tons)
- Romania (0.3 tons)
- United Kingdom (0.1 tons)
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