Hungary: Market for Copper Tubes, Pipes And Fitting 2025

Market Size for Copper Tubes, Pipes And Fitting in Hungary

The Hungarian copper pipe and fitting market soared to $X in 2021, growing by 49% against the previous year. In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +102.0% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Copper Tubes, Pipes And Fitting in Hungary

In value terms, copper pipe and fitting production skyrocketed to $X in 2021 estimated in export price. In general, production recorded strong growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Copper Tubes, Pipes And Fitting

Exports from Hungary

In 2021, shipments abroad of copper tubes, pipes and fitting increased by 22% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate notable growth. The growth pace was the most rapid in 2018 with an increase of 148% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, copper pipe and fitting exports skyrocketed to $X in 2021. In general, total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 62% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for copper pipe and fitting exports from Hungary, with a 47% share of total exports. Moreover, copper pipe and fitting exports to the UK exceeded the volume sent to the second major destination, France (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+86.0% per year) and the Netherlands (+55.9% per year).

In value terms, the UK ($X) remains the key foreign market for copper tubes, pipes and fitting exports from Hungary, comprising 56% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 7.9% share of total exports. It was followed by France, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+62.8% per year) and France (+66.2% per year).

Export Prices by Country

The average copper pipe and fitting export price stood at $X per ton in 2021, with an increase of 19% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2019 an increase of 58%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes, Pipes And Fitting

Imports into Hungary

Copper pipe and fitting imports into Hungary skyrocketed to X tons in 2021, increasing by 22% against 2020. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 25%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, copper pipe and fitting imports soared to $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of copper pipe and fitting to Hungary, with a 55% share of total imports. Moreover, copper pipe and fitting imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Austria (X tons) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.2% per year) and Austria (+6.1% per year).

In value terms, Germany ($X) constituted the largest supplier of copper tubes, pipes and fitting to Hungary, comprising 49% of total imports. The second position in the ranking was taken by Italy ($X), with a 20% share of total imports. It was followed by Austria, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.2% per year) and Austria (+6.2% per year).

Import Prices by Country

The average copper pipe and fitting import price stood at $X per ton in 2021, increasing by 13% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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