Hungary: Market for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm 2024

Market Size for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm in Hungary

In 2022, the Hungarian market for aluminium plates, sheets and strip of thickness over X mm increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a strong expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Aluminium Plates, Sheets and Strip of Thickness over X mm in Hungary

In value terms, production of aluminium plates, sheets and strip of thickness over X mm contracted modestly to $X in 2022 estimated in export price. In general, production, however, saw a strong increase. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Exports from Hungary

In 2022, after two years of growth, there was significant decline in overseas shipments of aluminium plates, sheets and strip of thickness over X mm, when their volume decreased by X% to X tons. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, exports of aluminium plates, sheets and strip of thickness over X mm surged to $X in 2022. Overall, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Poland (X tons), France (X tons) and Germany (X tons) were the main destinations of exports of aluminium plates, sheets and strip of thickness over X mm from Hungary, together accounting for X% of total exports. Italy, the Netherlands, Russia, Belgium, the UK, Slovakia, Denmark, Spain, the Czech Republic and Romania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium plate, sheet and strip of thickness over X mm exported from Hungary were Poland ($X), France ($X) and Germany ($X), with a combined X% share of total exports. Italy, the Netherlands, Russia, Belgium, the UK, Slovakia, Denmark, Spain, the Czech Republic and Romania lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for aluminium plates, sheets and strip of thickness over X mm stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for aluminium plates, sheets and strip of thickness over X mm increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the UK ($X per ton) and France ($X per ton), while the average price for exports to Slovakia ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Imports into Hungary

For the third consecutive year, Hungary recorded growth in overseas purchases of aluminium plates, sheets and strip of thickness over X mm, which increased by X% to X tons in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of aluminium plates, sheets and strip of thickness over X mm surged to $X in 2022. Over the period under review, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), South Korea (X tons) and Germany (X tons) were the main suppliers of imports of aluminium plates, sheets and strip of thickness over X mm to Hungary, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), South Korea ($X) and Germany ($X) were the largest aluminium plate, sheet and strip of thickness over X mm suppliers to Hungary, together accounting for X% of total imports.

South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for aluminium plates, sheets and strip of thickness over X mm stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 aluminium plates, sheets and strip of thickness over X mm increased by X% against 2020 indices. As a result, import price reached 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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