Hungary: Market for Base Metal Flexible Tubing, Iron Or Steel 2025

Market Size for Base Metal Flexible Tubing, Iron Or Steel in Hungary

For the third consecutive year, the Hungarian base metal flexible tubing market recorded growth in sales value, which increased by 31% to $X in 2021. The market value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports from Hungary

Base metal flexible tubing exports from Hungary plummeted to X tons in 2021, reducing by -23.7% on 2020. In general, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 when exports increased by 56% against the previous year. As a result, the exports reached the peak of X tons, and then dropped sharply in the following year.

In value terms, base metal flexible tubing exports surged to $X in 2021. Overall, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2018 when exports increased by 80% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Slovakia (X tons), Austria (X tons) and Germany (X tons) were the main destinations of base metal flexible tubing exports from Hungary, together comprising 70% of total exports. These countries were followed by Poland, Romania, Ukraine and Slovenia, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +93.0%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Slovakia ($X) and Germany ($X) appeared to be the largest markets for base metal flexible tubing exported from Hungary worldwide, together accounting for 78% of total exports.

Austria, with a CAGR of +94.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average base metal flexible tubing export price stood at $X per ton in 2021, surging by 71% against the previous year. In general, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+25.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports into Hungary

In 2021, supplies from abroad of base metal flexible tubing, iron or steel increased by 18% to X tons, rising for the third consecutive year after four years of decline. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, base metal flexible tubing imports surged to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; 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.

Imports by Country

Serbia (X tons), Germany (X tons) and China (X tons) were the main suppliers of base metal flexible tubing imports to Hungary, with a combined 62% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +58.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of base metal flexible tubing, iron or steel to Hungary, comprising 43% of total imports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+2.3% per year) and China (+33.3% per year).

Import Prices by Country

In 2021, the average base metal flexible tubing import price amounted to $X per ton, picking up by 8.5% against the previous year. In general, the import price, however, recorded a mild slump. The growth pace was the most rapid in 2016 when the average import price increased by 12% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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