Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Hungary - 2023

Contents:

1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Hungary (CIF) - 2022
2. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Hungary (FOB) - 2022
3. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Hungary
4. Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Hungary

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Hungary (CIF) - 2022

In 2022, the average import price for tubing; flexible, with or without fittings, of base metals amounted to $11,516 per ton, rising by 1.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 71%. Over the period under review, average import prices reached the peak figure at $17,917 per ton in 2019; however, from 2020 to 2022, import prices remained at a 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 United States ($133,610 per ton), while the price for China ($3,831 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Hungary (FOB) - 2022

In 2022, the average export price for tubing; flexible, with or without fittings, of base metals amounted to $15,956 per ton, reducing by -20.6% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 96% against the previous year. Over the period under review, the average export prices attained the maximum at $39,620 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($30,284 per ton), while the average price for exports to Slovenia ($5,361 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 Belgium (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Hungary

In 2022, after three years of growth, there was significant decline in purchases abroad of tubing; flexible, with or without fittings, of base metals, when their volume decreased by -12.4% to 1.3K tons. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.6% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 50%.

In value terms, imports of tubing; flexible, with or without fittings, of base metals contracted to $15M in 2022. The total import value increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of $17M, and then dropped in the following year.

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Hungary in 2022:

1. China (639.5 tons)
2. Germany (167.7 tons)
3. Turkey (128.0 tons)
4. Serbia (87.7 tons)
5. Italy (62.4 tons)
6. France (51.1 tons)
7. Bulgaria (32.2 tons)
8. Austria (23.2 tons)
9. United States (16.9 tons)
10. Netherlands (11.0 tons)
11. Slovakia (8.4 tons)

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Hungary

In 2022, shipments abroad of tubing; flexible, with or without fittings, of base metals decreased by -71% to 107 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 78%.

In value terms, exports of tubing; flexible, with or without fittings, of base metals declined significantly to $1.7M in 2022. Overall, exports saw a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by 51% against the previous year. As a result, the exports attained the peak of $7.5M, and then declined significantly in the following year.

Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from Hungary in 2022:

1. Germany (34.6 tons)
2. Slovakia (26.1 tons)
3. Poland (12.0 tons)
4. Slovenia (7.7 tons)
5. Croatia (7.1 tons)
6. Romania (6.1 tons)
7. Belgium (3.8 tons)
8. Austria (1.1 tons)

Source: IndexBox Market Intelligence Platform