Price for Safety Pins and Other Pins; of Iron or Steel in Hungary - 2024

Contents:

  1. Price for Safety Pins and Other Pins; of Iron or Steel in Hungary (CIF) - 2022
  2. Price for Safety Pins and Other Pins; of Iron or Steel in Hungary (FOB) - 2022
  3. Imports of Safety Pins and Other Pins; of Iron or Steel in Hungary
  4. Exports of Safety Pins and Other Pins; of Iron or Steel in Hungary

Price for Safety Pins and Other Pins; of Iron or Steel in Hungary (CIF) - 2022

In 2022, the average import price for safety pins and other pins; of iron or steels amounted to $7,725 per ton, dropping by -5.3% against the previous year. Overall, the import price saw a abrupt contraction. The growth pace was the most rapid in 2014 when the average import price increased by 32% against the previous year. The import price peaked at $24,199 per ton in 2015; however, from 2016 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 UK ($38,153 per ton), while the price for Italy ($3,589 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Safety Pins and Other Pins; of Iron or Steel in Hungary (FOB) - 2022

In 2022, the average export price for safety pins and other pins; of iron or steels amounted to $26,158 per ton, with a decrease of -2.3% against the previous year. Over the period under review, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2015 an increase of 10%. Over the period under review, the average export prices attained the peak figure at $144,946 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($39,170 per ton), while the average price for exports to Ukraine ($14,964 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 Turkey (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Safety Pins and Other Pins; of Iron or Steel in Hungary

In 2022, imports of safety pins and other pins; of iron or steels into Hungary skyrocketed to 20 tons, jumping by 21% against 2021. In general, imports, however, continue to indicate a relatively flat trend pattern.

In value terms, imports of safety pins and other pins; of iron or steels rose remarkably to $156K in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 41%. As a result, imports reached the peak of $215K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Safety Pins and Other Pins; of Iron or Steel in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China84.210575.487.11.1%
Germany13.084.931.522.920.8%
United Kingdom9.38.711.414.716.5%
Italy1.80.75.52.03.6%
Others44.715.912.129.6-12.8%
Total1532151361560.6%

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Hungary in 2022:

  1. China (17.1 tons)
  2. Germany (1.3 tons)
  3. Italy (0.6 tons)
  4. United Kingdom (0.4 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Hungary

In 2022, shipments abroad of safety pins and other pins; of iron or steels was finally on the rise to reach 1.4 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt descent.

In value terms, exports of safety pins and other pins; of iron or steels surged to $37K in 2022. Overall, exports, however, saw a sharp curtailment.

Export of Safety Pins and Other Pins; of Iron or Steel in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey0.60.21.211.3166.1%
Romania6.13.46.25.2-5.2%
Slovakia33.421.06.04.5-48.7%
Ukraine32.65.00.54.2-49.5%
Italy8.03.44.13.4-24.8%
Spain2.31.51.32.1-3.0%
Germany0.33.41.01.674.7%
Others5.23.43.35.0-1.3%
Total88.541.423.637.2-25.1%

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Hungary in 2022:

  1. Turkey (288.0 kg)
  2. Ukraine (281.0 kg)
  3. Slovakia (272.0 kg)
  4. Romania (175.0 kg)
  5. Italy (112.0 kg)
  6. Germany (76.0 kg)
  7. Spain (55.0 kg)

Source: IndexBox Market Intelligence Platform

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