Hungary: Colloidal Precious Metals Market 2024

Colloidal Precious Metals Market Size in Hungary

In 2022, the Hungarian colloidal precious metals market decreased by X% to $X, falling for the second year in a row after four years of growth. Overall, consumption, however, posted resilient growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Colloidal Precious Metals Production in Hungary

In value terms, colloidal precious metals production rose notably to $X in 2022 estimated in export price. Over the period under review, production recorded a strong increase. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Colloidal Precious Metals Exports

Exports from Hungary

In 2022, the amount of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) exported from Hungary soared to X tons, jumping by X% against 2021 figures. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, colloidal precious metals exports surged to $X in 2022. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for colloidal precious metals exports from Hungary, accounting for a X% share of total exports. Moreover, colloidal precious metals exports to the Czech Republic exceeded the volume sent to the second major destination, Slovakia (X tons), fourfold. The Netherlands (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic totaled X.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and the Netherlands (X% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic stood at X.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average colloidal precious metals export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a deep contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Slovakia ($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 the Czech Republic (X%), while the prices for the other major destinations experienced mixed trend patterns.

Colloidal Precious Metals Imports

Imports into Hungary

After two years of growth, purchases abroad of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) decreased by X% to X tons in 2022. Over the period under review, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, colloidal precious metals imports fell markedly to $X in 2022. In general, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Romania (X kg), the United States (X kg) and Germany (X kg) were the main suppliers of colloidal precious metals imports to Hungary, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest colloidal precious metals suppliers to Hungary were the United States ($X), Germany ($X) and Romania ($X), together accounting for X% of total imports.

Romania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average colloidal precious metals import price amounted to $X,010 per ton, with an increase of X% against the previous year. In general, the import price showed a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the United States ($X,378 per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :