Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Hungary - 2023

Contents:

1. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Hungary (CIF) - 2022
2. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Hungary (FOB) - 2023
3. Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Hungary
4. Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Hungary

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Hungary (CIF) - 2022

In 2022, the average import price for stainless steel; flat-rolled products of width less than 600mms amounted to $3,434 per ton, rising by 23% against the previous year. Over the period under review, the import price showed mild growth. The growth pace was the most rapid in 2017 an increase of 50%. The import price peaked at $9,618 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($5,027 per ton), while the price for Italy ($2,949 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Hungary (FOB) - 2023

In August 2023, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $17,234 per ton, surging by 154% against the previous month. Overall, the export price continues to indicate prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($30,157 per ton), while the average price for exports to the United States ($2,418 per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Hungary

In 2022, purchases abroad of stainless steel; flat-rolled products of width less than 600mms decreased by -5.5% to 14K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 103% against the previous year.

In value terms, imports of stainless steel; flat-rolled products of width less than 600mms soared to $47M in 2022. The total import value increased at an average annual rate of +10.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Hungary in 2022:

1. Germany (5.3K tons)
2. Romania (3.1K tons)
3. Poland (2.4K tons)
4. Slovakia (1.4K tons)
5. Italy (0.8K tons)
6. France (0.2K tons)

Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Hungary

For the fourth consecutive year, Hungary recorded growth in overseas shipments of stainless steel; flat-rolled products of width less than 600mms, which increased by 25% to 2.4K tons in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 231% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of stainless steel; flat-rolled products of width less than 600mms contracted modestly to $8.6M in 2022. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 157% against the previous year. As a result, the exports attained the peak of $8.7M, and then declined in the following year.

Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Hungary in 2022:

1. Germany (1785.2 tons)
2. Bulgaria (278.8 tons)
3. France (137.6 tons)
4. Romania (48.3 tons)
5. Poland (46.5 tons)
6. Serbia (37.0 tons)
7. Austria (0.9 tons)
8. Slovakia (0.8 tons)

Source: IndexBox Market Intelligence Platform