Hungary: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in Hungary

In 2022, the Hungarian chain scoops and sliders market increased by 0.6% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports from Hungary

In 2022, approx. X tons of chain scoops, sliders, runners, end pieces and narrow strips were exported from Hungary; with an increase of 9.5% compared with the previous year. In general, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 125%. 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, chain scoops and sliders exports surged to $X in 2022. Overall, total exports indicated a tangible expansion 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, exports increased by +43.7% against 2020 indices. The pace of growth appeared the most rapid in 2016 when exports increased by 49% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for chain scoops and sliders exports from Hungary, with a 49% share of total exports. Moreover, chain scoops and sliders exports to Italy exceeded the volume sent to the second major destination, Slovakia (X tons), fivefold. Spain (X tons) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+35.8% per year) and Spain (-11.4% per year).

In value terms, Italy ($X) remains the key foreign market for chain scoops, sliders, runners, end pieces and narrow strips exports from Hungary, comprising 38% of total exports. The second position in the ranking was held by Slovakia ($X), with a 13% share of total exports. It was followed by Ukraine, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+47.2% per year) and Ukraine (+2.6% per year).

Export Prices by Country

In 2022, the average chain scoops and sliders export price amounted to $X per ton, growing by 6.6% against the previous year. In general, the export price showed a strong expansion. The growth pace was the most rapid in 2017 when the average export price increased by 50%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Bulgaria ($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 Serbia (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports into Hungary

In 2022, chain scoops and sliders imports into Hungary reduced modestly to X tons, approximately equating 2021. In general, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.9% 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 +15.2% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 30%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, chain scoops and sliders imports expanded slightly to $X in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), France (X tons) and Slovenia (X tons) were the main suppliers of chain scoops and sliders imports to Hungary, together accounting for 69% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +59.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of chain scoops, sliders, runners, end pieces and narrow strips to Hungary, comprising 42% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 10% share of total imports. It was followed by Germany, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+10.6% per year) and Germany (+3.1% per year).

Import Prices by Country

The average chain scoops and sliders import price stood at $X per ton in 2022, surging by 2.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 39% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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