Hungary - Table Flatware - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTable Flatware Price in Hungary - 2023
Contents:
- Table Flatware Price in Hungary (CIF) - 2023
- Table Flatware Price in Hungary (FOB) - 2023
- Table Flatware Imports in Hungary
- Table Flatware Exports in Hungary
Table Flatware Price in Hungary (CIF) - 2023
In July 2023, the average table flatware import price amounted to $8,343 per ton, increasing by 20% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.9%. The pace of growth was the most pronounced in September 2022 an increase of 45% m-o-m. Over the period under review, average import prices reached the maximum at $10,353 per ton in December 2022; however, from January 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($19,471 per ton), while the price for China ($4,635 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Table Flatware Price in Hungary (FOB) - 2023
The average table flatware export price stood at $9,358 per ton in July 2023, with an increase of 16% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.1%. The pace of growth was the most pronounced in November 2022 when the average export price increased by 18% m-o-m. The export price peaked in July 2023.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Poland ($11,431 per ton), while the average price for exports to Iraq ($1,724 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Table Flatware Imports in Hungary
For the fourth year in a row, Hungary recorded growth in purchases abroad of table flatware, which increased by 17% to 1.7K tons in 2022. The total import volume increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, table flatware imports surged to $13M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.1% 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 +68.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Table Flatware in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.0 | 2.8 | 3.8 | 6.7 | 49.6% |
Germany | 1.3 | 1.4 | 1.5 | 2.1 | 17.3% |
Poland | 1.7 | 2.2 | 1.7 | 1.4 | -6.3% |
Italy | 0.5 | 0.4 | 0.6 | 1.0 | 26.0% |
Slovakia | 0.8 | 0.8 | 0.6 | 0.6 | -9.1% |
Others | 1.4 | 1.0 | 1.5 | 1.1 | -7.7% |
Total | 7.7 | 8.6 | 9.8 | 13.0 | 19.1% |
Top Suppliers of Table Flatware to Hungary in 2022:
- China (1044.5 tons)
- Germany (163.9 tons)
- Poland (145.0 tons)
- Slovakia (129.7 tons)
- Italy (81.9 tons)
Table Flatware Exports in Hungary
In 2022, exports of table flatware from Hungary rose remarkably to 597 tons, surging by 6.4% against the year before. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 107% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, table flatware exports stood at $5M in 2022. In general, exports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 76% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Table Flatware in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 365 | 643 | 1,623 | 1,832 | 71.2% |
Slovakia | 93.9 | 199 | 549 | 425 | 65.4% |
Croatia | 252 | 487 | 441 | 393 | 16.0% |
Serbia | 38.7 | 24.8 | 197 | 354 | 109.1% |
Bulgaria | 113 | 294 | 248 | 323 | 41.9% |
Italy | 59.0 | 33.5 | 154 | 280 | 68.0% |
Spain | 7.3 | 1.9 | 37.9 | 214 | 208.3% |
Netherlands | 77.6 | 68.8 | 238 | 193 | 35.5% |
Slovenia | 66.5 | 163 | 163 | 147 | 30.3% |
Others | 538 | 921 | 791 | 789 | 13.6% |
Total | 1,611 | 2,837 | 4,442 | 4,952 | 45.4% |
Top Export Markets for Table Flatware from Hungary in 2022:
- Romania (238.8 tons)
- Slovakia (52.1 tons)
- Croatia (51.2 tons)
- Serbia (50.2 tons)
- Bulgaria (43.5 tons)
- Italy (36.0 tons)
- Spain (28.8 tons)
- Netherlands (15.7 tons)
- Slovenia (15.4 tons)
This report provides an in-depth analysis of the table flatware 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 25711430 - Table flatware (excluding table knives, including fish-knives and butter-knives) and similar tableware of stainless steel or other base metal
- Prodcom 25711480 - Table flatware (excluding table knives, including fish-knives and butter-knives) and similar tableware of base metal, silver- , gold- or platinum plated
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
-
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 table flatware market in Hungary.
This report provides an in-depth analysis of the global table flatware market.
Global Market for Silver And Gold Plated Flatware. This report provides an in-depth analysis of the global market for silver and gold plated flatware.
Global Stainless Steel Tableware Market Report 2018. This report provides an in-depth analysis of the global stainless steel tableware market.
This report provides an in-depth analysis of the table flatware market in Hungary.
This report provides an in-depth analysis of the global table flatware market.
Global Market for Silver And Gold Plated Flatware. This report provides an in-depth analysis of the global market for silver and gold plated flatware.
Global Stainless Steel Tableware Market Report 2018. This report provides an in-depth analysis of the global stainless steel tableware market.
U.S. ($515M) constitutes the largest market for imported table flatware worldwide, comprising 21% of global imports
In 2016, the global tableware imports amounted to X tons, approximately equating the previous year figure. Overall, tableware imports continue to indicate a relatively flat trend pattern. The pac...
In 2016, the global tableware imports amounted to X tons, approximately equating the previous year figure. Overall, tableware imports continue to indicate a relatively flat trend pattern. The pac...
In value terms, base metals and silver, clad with gold imports stood at $X in 2016. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports value increased at an average ann...
In value terms, base metals, silver and gold, clad with platinum imports stood at $X in 2016. In general, base metals, silver and gold, clad with platinum imports continue to indicate a prominent i...
In value terms, base metals and silver, clad with gold exports totaled $X in 2016. Overall, it indicated a mild increase from 2007 to 2016: the total exports value increased at an average annual rat...
In value terms, base metals, silver and gold, clad with platinum exports totaled $X in 2016. Overall, base metals, silver and gold, clad with platinum exports continue to indicate a deep shrinkage. O...
U.S. ($515M) constitutes the largest market for imported table flatware worldwide, comprising 21% of global imports
In 2016, the global tableware imports amounted to X tons, approximately equating the previous year figure. Overall, tableware imports continue to indicate a relatively flat trend pattern. The pac...
In 2016, the global tableware imports amounted to X tons, approximately equating the previous year figure. Overall, tableware imports continue to indicate a relatively flat trend pattern. The pac...