Hungary - Stainless Steel Sinks And Wash Basins - Market Analysis, Forecast, Size, Trends And Insights
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View PricingStainless Steel Sink Price in Hungary - 2023
Contents:
- Stainless Steel Sink Price in Hungary (CIF) - 2023
- Stainless Steel Sink Price in Hungary (FOB) - 2022
- Stainless Steel Sink Imports in Hungary
- Stainless Steel Sink Exports in Hungary
Stainless Steel Sink Price in Hungary (CIF) - 2023
The average stainless steel sink import price stood at $63.9 per unit in August 2023, falling by -17.8% against the previous month. In general, the import price saw a mild shrinkage. The most prominent rate of growth was recorded in March 2023 an increase of 57% month-to-month. As a result, import price reached the peak level of $117 per unit. From April 2023 to August 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Italy ($477 per unit), while the price for Slovakia ($42.4 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Spain (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Sink Price in Hungary (FOB) - 2022
In 2022, the average stainless steel sink export price amounted to $168 per unit, surging by 8.3% against the previous year. Over the period under review, the export price posted buoyant growth. The growth pace was the most rapid in 2014 when the average export price increased by 38%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
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 Denmark ($304 per unit), while the average price for exports to the Czech Republic ($70 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 Romania (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Sink Imports in Hungary
Stainless steel sink imports into Hungary declined remarkably to 76K units in 2022, dropping by -19.2% against 2021 figures. Overall, imports saw a deep contraction. The growth pace was the most rapid in 2021 with an increase of 7.3%. Imports peaked at 100K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, stainless steel sink imports contracted to $5.3M in 2022. Over the period under review, imports showed a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, imports attained the peak of $6M, and then shrank in the following year.
Import of Stainless Steel Sink in Hungary (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 843 | 884 | 963 | 1,073 | 8.4% |
China | 712 | 504 | 785 | 984 | 11.4% |
Turkey | 1,476 | 1,323 | 1,490 | 982 | -12.7% |
Italy | 626 | 662 | 955 | 789 | 8.0% |
Poland | 803 | 647 | 633 | 548 | -12.0% |
Spain | 858 | 744 | 647 | 385 | -23.4% |
Slovakia | 75.4 | 73.1 | 99.0 | 115 | 15.1% |
Slovenia | 86.8 | 111 | 140 | 40.1 | -22.7% |
Others | 345 | 209 | 333 | 386 | 3.8% |
Total | 5,826 | 5,156 | 6,045 | 5,302 | -3.1% |
Top Suppliers of Stainless Steel Sink to Hungary in 2022:
- China (24.2K units)
- Turkey (15.8K units)
- Germany (9.9K units)
- Italy (7.3K units)
- Poland (7.0K units)
- Spain (4.9K units)
- Slovakia (2.3K units)
- Slovenia (0.6K units)
Stainless Steel Sink Exports in Hungary
After two years of decline, overseas shipments of stainless steel sinks and wash basins increased by 47% to 7.2K units in 2022. The total export volume increased at an average annual rate of +1.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, stainless steel sink exports surged to $1.2M in 2022. Over the period under review, total exports indicated prominent growth 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 +67.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Stainless Steel Sink in Hungary (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 144 | 164 | 254 | 484 | 49.8% |
Romania | 3.4 | 10.0 | 6.1 | 201 | 289.6% |
Estonia | 56.5 | 65.9 | 109 | 144 | 36.6% |
Denmark | 202 | 220 | 202 | 130 | -13.7% |
Slovenia | 39.5 | 31.3 | 45.8 | 44.8 | 4.3% |
Czech Republic | 216 | 155 | 95.4 | 38.6 | -43.7% |
Croatia | 25.3 | 24.9 | 18.8 | 16.0 | -14.2% |
Others | 31.7 | 81.3 | 25.1 | 147 | 66.8% |
Total | 718 | 752 | 756 | 1,205 | 18.8% |
Top Export Markets for Stainless Steel Sink from Hungary in 2022:
- Romania (2063.0 units)
- Germany (1698.0 units)
- Estonia (1359.0 units)
- Czech Republic (549.0 units)
- Denmark (428.0 units)
- Slovenia (373.0 units)
- Croatia (170.0 units)
This report provides an in-depth analysis of the stainless steel sink market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25991110 - Stainless steel sinks and wash basins
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the stainless steel sink market in Hungary.
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This report provides an in-depth analysis of the stainless steel sink market in Hungary.
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This report provides an in-depth analysis of the market for iron or steel sanitary ware in Hungary.
This report provides an in-depth analysis of the global stainless steel sink market.
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