Report Update Nov 1, 2024

Hungary - Copper Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Market for Copper Ores And Concentrates 2024

Market Size for Copper Ores And Concentrates in Hungary

In 2021, the Hungarian copper ores and concentrates market increased by 1.9% to $X, rising for the fourth consecutive year after five years of decline. Over the period under review, consumption, however, continues to indicate a slight downturn. Copper ores and concentrates consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Copper Ores And Concentrates in Hungary

In value terms, copper ores and concentrates production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2017 with an increase of 22% against the previous year. Copper ores and concentrates production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Copper Ores And Concentrates

Exports from Hungary

In 2019, shipments abroad of copper ores and concentrates decreased by -43.9% to X tons, falling for the second consecutive year after six years of growth. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2016 when exports increased by 730%. The exports peaked at X tons in 2017; however, from 2018 to 2019, the exports failed to regain momentum.

In value terms, copper ores and concentrates exports dropped markedly to $X in 2019. Over the period under review, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by 449%. The exports peaked at $X in 2017; however, from 2018 to 2019, the exports failed to regain momentum.

Exports by Country

Romania (X tons) was the main destination for copper ores and concentrates exports from Hungary, accounting for a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Romania amounted to +36.5%.

In value terms, Romania ($X) also remains the key foreign market for copper ores and concentrates exports from Hungary.

From 2012 to 2019, the average annual growth rate of value to Romania stood at +16.6%.

Export Prices by Country

The average copper ores and concentrates export price stood at $X per ton in 2019, surging by 14% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt descent. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2019, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Romania.

From 2012 to 2019, the rate of growth in terms of prices for Romania amounted to -14.6% per year.

Imports of Copper Ores And Concentrates

Imports into Hungary

In 2019, overseas purchases of copper ores and concentrates increased by 31% to X kg, rising for the fifth year in a row after two years of decline. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 992% against the previous year. Imports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, copper ores and concentrates imports declined modestly to $X in 2019. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 482%. Imports peaked at $X in 2018, and then contracted in the following year.

Imports by Country

In 2019, Romania (X kg) was the main copper ores and concentrates supplier to Hungary, with a 98% share of total imports. It was followed by Italy (X kg), with a 1.6% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of volume from Romania was relatively modest.

In value terms, Romania ($X) constituted the largest supplier of copper ores and concentrates to Hungary, comprising 98% of total imports. The second position in the ranking was held by Italy ($X), with a 2% share of total imports.

From 2012 to 2019, the average annual growth rate of value from Romania was relatively modest.

Import Prices by Country

The average copper ores and concentrates import price stood at $X per ton in 2019, shrinking by -24% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 30%. The import price peaked at $X per ton in 2014; however, from 2015 to 2019, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was Italy ($X per ton), while the price for Romania amounted to $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Italy (-8.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for copper ores and concentrates in the world?

Kazakhstan constituted the country with the largest volume of copper ores and concentrates consumption, accounting for 54% of total volume. Moreover, copper ores and concentrates consumption in Kazakhstan exceeded the figures recorded by the second-largest consumer, China, threefold. Chile ranked third in terms of total consumption with a 5% share.

What are the largest producers of copper ores and concentrates in the world?

Kazakhstan remains the largest copper ores and concentrates producing country worldwide, accounting for 61% of total volume. Moreover, copper ores and concentrates production in Kazakhstan exceeded the figures recorded by the second-largest producer, Chile, eightfold. The third position in this ranking was occupied by Peru, with a 7.4% share.

What are the leading suppliers of copper ores and concentrates to Hungary?

In value terms, Italy constituted the largest supplier of copper ores and concentrates to Hungary.

What is the average export price for copper ores and concentrates in Hungary?

The average copper ores and concentrates export price stood at $1,339 per ton in 2015, leveling off at the previous year.

What is the average import price for copper ores and concentrates in Hungary?

In 2021, the average copper ores and concentrates import price amounted to $3,955 per ton, stabilizing at the previous year.

This report provides an in-depth analysis of the market for copper ores and concentrates 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 2030.

Product coverage:

Prodcom 07291100 - Copper ores and concentrates

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