Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Hungary - 2024

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Hungary (CIF) - 2024
Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Hungary (FOB) - 2022
Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Hungary
Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Hungary

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Hungary (CIF) - 2024

The average import price for sanitary ware and parts thereof, of iron or steel stood at $136 per unit in February 2024, therefore, remained relatively stable against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 18% month-to-month. As a result, import price reached the peak level of $139 per unit. From October 2023 to February 2024, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In February 2024, the country with the highest price was Turkey ($134 per unit), while the price for China totaled $133 per unit.

From April 2023 to February 2024, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Hungary (FOB) - 2022

The average export price for sanitary ware and parts thereof, of iron or steel stood at $20 per unit in 2022, growing by 9.9% against the previous year. Overall, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 79%. Over the period under review, the average export prices hit record highs at $20 per unit in 2019; however, from 2020 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 Denmark ($55 per unit), while the average price for exports to the United States ($2.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+61.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Hungary

In 2022, the amount of sanitary ware and parts thereof, of iron or steel imported into Hungary was estimated at 1.6M units, surging by 6% on the year before. The total import volume increased at an average annual rate of +14.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 42% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of sanitary ware and parts thereof, of iron or steel shrank modestly to $14M in 2022. Over the period under review, imports saw a slight increase. The pace of growth was the most pronounced in 2021 when imports increased by 11% against the previous year. As a result, imports attained the peak of $15M, and then reduced slightly in the following year.

Import of Sanitary Ware and Parts Thereof, of Iron or Steel in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2.9	3.8	3.4	5.0	19.9%
Germany	3.2	3.4	3.5	3.8	5.9%
Turkey	1.6	1.4	1.6	1.1	-11.7%
Poland	1.0	1.0	1.9	1.1	3.2%
Italy	1.0	0.8	1.0	0.9	-3.5%
Spain	1.1	1.0	1.0	0.6	-18.3%
Czech Republic	0.6	0.5	0.5	0.5	-5.9%
Others	2.5	1.5	1.7	1.3	-19.6%
Total	13.9	13.3	14.7	14.3	1.0%

Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Hungary in 2022:

China (772.7K units)
Germany (268.4K units)
Czech Republic (141.0K units)
Turkey (101.0K units)
Poland (94.3K units)
Italy (55.3K units)
Spain (51.3K units)

Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Hungary

In 2022, exports of sanitary ware and parts thereof, of iron or steel from Hungary soared to 111K units, with an increase of 27% compared with 2021 figures. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 34% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of sanitary ware and parts thereof, of iron or steel surged to $2.2M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Sanitary Ware and Parts Thereof, of Iron or Steel in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	284	217	562	1,044	54.3%
Romania	30.4	25.4	94.3	296	113.5%
Estonia	57.3	64.5	108	161	41.1%
Denmark	212	215	200	131	-14.8%
Slovakia	41.4	72.3	77.2	84.7	26.9%
Czech Republic	251	176	121	58.8	-38.4%
Slovenia	44.4	41.3	59.4	56.1	8.1%
Croatia	48.5	46.7	52.4	47.5	-0.7%
Serbia	17.2	67.8	29.2	32.4	23.5%
United States	60.0	118	55.1	30.1	-20.5%
Sweden	N/A	0.2	0.2	25.0	1018.0%
United Kingdom	N/A	2.0	14.4	18.0	200.0%
Italy	3.5	2.7	7.3	17.4	70.7%
Others	254	140	183	185	-10.0%
Total	1,304	1,189	1,564	2,187	18.8%