Price for Steel, Alloy; Ingots and Other Primary Forms in Hungary - 2023
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Hungary (CIF) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Hungary (FOB) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Hungary
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Hungary
Price for Steel, Alloy; Ingots and Other Primary Forms in Hungary (CIF) - 2022
In 2022, the average import price for steel, alloy; ingots and other primary formses amounted to $1,576 per ton, rising by 42% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, alloy; ingots and other primary formses increased by +86.0% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($2,594 per ton), while the price for Germany ($1,492 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Ingots and Other Primary Forms in Hungary (FOB) - 2022
The average export price for steel, alloy; ingots and other primary formses stood at $7,874 per ton in 2022, with a decrease of -29% against the previous year. Overall, the export price, however, saw prominent growth. The growth pace was the most rapid in 2013 an increase of 52%. The export price peaked at $12,635 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
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 Germany ($19,249 per ton), while the average price for exports to China stood at $7,503 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+18.9%).
Imports of Steel, Alloy; Ingots and Other Primary Forms in Hungary
In 2022, overseas purchases of steel, alloy; ingots and other primary formses decreased by -26.3% to 3.7K tons, falling for the second consecutive year after two years of growth. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 5.3%. As a result, imports reached the peak of 5K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of steel, alloy; ingots and other primary formses reached $5.8M in 2022. The total import value increased at an average annual rate of +10.4% 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 2021 when imports increased by 31% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 2.5 | 3.8 | 4.2 | 3.2 | 8.6% |
| Austria | 0.9 | 0.1 | 1.1 | 1.7 | 23.6% |
| Italy | 0.1 | 0.1 | 0.1 | 0.5 | 71.0% |
| Germany | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| Czech Republic | 0.5 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| Total | 4.3 | 4.2 | 5.5 | 5.8 | 10.5% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Hungary in 2022:
- Poland (2091.7 tons)
- Austria (1100.3 tons)
- Italy (236.3 tons)
- Germany (171.2 tons)
- Czech Republic (16.8 tons)
Exports of Steel, Alloy; Ingots and Other Primary Forms in Hungary
In 2022, after three years of growth, there was decline in shipments abroad of steel, alloy; ingots and other primary formses, when their volume decreased by -3.8% to 59 tons. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 596% against the previous year. As a result, the exports attained the peak of 62 tons, and then fell modestly in the following year.
In value terms, exports of steel, alloy; ingots and other primary formses dropped markedly to $468K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 628%. As a result, the exports attained the peak of $684K, and then dropped sharply in the following year.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 660 | 432 | -34.5% |
| Germany | 86.4 | 92.3 | N/A | 35.0 | -26.0% |
| Others | 17.5 | 1.6 | 23.9 | 0.7 | -65.8% |
| Total | 104 | 93.9 | 684 | 468 | 65.1% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Hungary in 2022:
- China (57.5 tons)
- Germany (1.8 tons)
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