Hungary: Base Metal Hinge Market 2024

Base Metal Hinge Market Size in Hungary

The Hungarian base metal hinge market was estimated at $X in 2021, growing by 2.6% against the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Base Metal Hinge Production in Hungary

In value terms, base metal hinge production totaled $X in 2021 estimated in export price. Overall, production recorded a noticeable decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 4.5%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Base Metal Hinge Exports

Exports from Hungary

In 2021, shipments abroad of base metal hinges increased by 8.4% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2020 when exports increased by 11%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, base metal hinge exports surged to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons), the Czech Republic (X tons) and Bulgaria (X tons) were the main destinations of base metal hinge exports from Hungary, with a combined 48% share of total exports. These countries were followed by Croatia, Serbia, Germany, North Macedonia, Slovakia, Slovenia, Austria, Poland, Bosnia and Herzegovina and Kosovo, which together accounted for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +25.7%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Croatia ($X) and Bulgaria ($X) appeared to be the largest markets for base metal hinge exported from Hungary worldwide, together accounting for 41% of total exports.

Croatia, with a CAGR of +28.3%, recorded the highest rates of growth with regard to 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

In 2021, the average base metal hinge export price amounted to $X per ton, jumping by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Poland ($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 Kosovo (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Hinge Imports

Imports into Hungary

In 2021, approx. X tons of base metal hinges were imported into Hungary; with an increase of 8.5% against the year before. In general, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of 23%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, base metal hinge imports soared to $X in 2021. Over the period under review, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 23%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Germany (X tons), Austria (X tons) and China (X tons) were the main suppliers of base metal hinge imports to Hungary, together accounting for 76% of total imports. Poland, Italy, Slovakia, Turkey, Bulgaria, Spain, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +82.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and China ($X) appeared to be the largest base metal hinge suppliers to Hungary, with a combined 73% share of total imports. Poland, Bulgaria, Slovakia, Spain, Italy, Turkey, the Czech Republic and the Netherlands lagged somewhat behind, together comprising a further 23%.

Bulgaria, with a CAGR of +63.8%, recorded the highest rates of growth with regard to 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

In 2021, the average base metal hinge import price amounted to $X per ton, rising by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for China ($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 (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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