Hungary: Metal Castor Mounting Market 2025

Metal Castor Mounting Market Size in Hungary

The Hungarian metal castor mounting market was estimated at $X in 2022, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +15.9% against 2018 indices. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Metal Castor Mounting Exports

Exports from Hungary

For the fourth consecutive year, Hungary recorded decline in overseas shipments of castors with mountings of base metal, which decreased by -12.1% to X tons in 2022. Overall, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 119%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal castor mounting exports reduced modestly to $X in 2022. Over the period under review, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 80%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for metal castor mounting exports from Hungary, with a 51% share of total exports. Moreover, metal castor mounting exports to Belgium exceeded the volume sent to the second major destination, Serbia (X tons), fivefold. Germany (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium amounted to +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+4.5% per year) and Germany (-0.6% per year).

In value terms, Belgium ($X), Germany ($X) and Romania ($X) were the largest markets for metal castor mounting exported from Hungary worldwide, with a combined 65% share of total exports. Bulgaria, Croatia, Serbia, the United States, Ukraine and Spain lagged somewhat behind, together comprising a further 25%.

Among the main countries of destination, Spain, with a CAGR of +379.7%, 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 metal castor mounting export price stood at $X per ton in 2022, rising by 10% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2017 an increase of 33% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Castor Mounting Imports

Imports into Hungary

In 2022, imports of castors with mountings of base metal into Hungary fell to X tons, reducing by -5.8% on 2021 figures. Overall, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.6% 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 +27.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 40%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, metal castor mounting imports rose modestly to $X in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +15.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 34%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of metal castor mounting imports to Hungary, together accounting for 82% of total imports. Sweden, the Czech Republic, South Korea, the United States and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +48.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal castor mounting suppliers to Hungary were Germany ($X), China ($X) and Italy ($X), with a combined 73% share of total imports. South Korea, Sweden, the United States, the Czech Republic and Taiwan (Chinese) lagged somewhat behind, together comprising a further 17%.

Among the main suppliers, South Korea, with a CAGR of +55.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal castor mounting import price stood at $X per ton in 2022, growing by 9.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2016 an increase of 13% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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