Report Update Nov 1, 2024

Hungary - Chromium - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Chromium Market 2021

Chromium Market Size in Hungary

In 2020, the Hungarian chromium market decreased by -X% to $X, falling for the twelfth year in a row after two years of growth. Overall, consumption saw a deep downturn. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. From 2009 to 2020, the growth of the market remained at a somewhat lower figure.

Chromium Exports

Exports from Hungary

In 2020, exports of chromium from Hungary fell markedly to X tons, declining by -X% on the previous year's figure. Overall, exports, however, showed prominent growth. The pace of growth was the most pronounced in 2012 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tons in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, chromium exports dropped notably to $X in 2020. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Austria (X kg) was the main destination for chromium exports from Hungary, with a X% share of total exports. Moreover, chromium exports to Austria exceeded the volume sent to the second major destination, Germany (X kg), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Austria stood at +X%.

In value terms, Austria ($X) remains the key foreign market for chromium exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Austria amounted to +X%.

Export Prices by Country

The average chromium export price stood at $X per ton in 2020, falling by -X% against the previous year. Overall, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2010; however, from 2011 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Austria ($X per ton), while the average price for exports to Germany stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany.

Chromium Imports

Imports into Hungary

In 2020, purchases abroad of chromium decreased by -X% to X tons, falling for the twelfth consecutive year after two years of growth. Over the period under review, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2009 to 2020, the growth imports failed to regain the momentum.

In value terms, chromium imports contracted significantly to $X in 2020. In general, imports saw a deep contraction. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. As a result, imports attained the peak of $X. From 2009 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, France (X tons) was the main supplier of chromium to Hungary, accounting for a X% share of total imports. Moreover, chromium imports from France exceeded the figures recorded by the second-largest supplier, the UK (X kg), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from France amounted to +X%.

In value terms, France ($X) constituted the largest supplier of chromium to Hungary, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from France totaled +X%.

Import Prices by Country

The average chromium import price stood at $X per ton in 2020, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a slight shrinkage. The import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the UK ($X per ton), while the price for France stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chromium in the world?

South Africa constituted the country with the largest volume of chromium consumption, accounting for 46% of total volume. Moreover, chromium consumption in South Africa exceeded the figures recorded by the second-largest consumer, Turkey, twofold. Kazakhstan ranked third in terms of total consumption with a 13% share.

What are the largest producers of chromium in the world?

South Africa remains the largest chromium producing country worldwide, comprising approx. 46% of total volume. Moreover, chromium production in South Africa exceeded the figures recorded by the second-largest producer, Turkey, twofold. The third position in this ranking was occupied by Kazakhstan, with a 13% share.

What are the leading suppliers of chromium to Hungary?

In value terms, France constituted the largest supplier of chromium to Hungary, comprising 82% of total imports. The second position in the ranking was occupied by the UK, with a 12% share of total imports.

What are the leading importers of chromium from Hungary?

In value terms, Austria remains the key foreign market for chromium exports from Hungary, comprising 76% of total exports. The second position in the ranking was occupied by Germany, with a 24% share of total exports.

What is the average export price for chromium in Hungary?

The average chromium export price stood at $8,277 per ton in 2020, reducing by -30.7% against the previous year.

What is the average import price for chromium in Hungary?

The average chromium import price stood at $11,770 per ton in 2020, growing by 31% against the previous year.

This report provides an in-depth analysis of the chromium market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023