Hungary: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Hungary

The Hungarian ferro-cerium and pyrophoric alloys market was estimated at $X in 2021, increasing by 10% against the previous year. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Hungary

In value terms, ferro-cerium and pyrophoric alloys production amounted to $X in 2021 estimated in export price. Overall, production showed a deep downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 16%. Ferro-cerium and pyrophoric alloys production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Hungary

In 2021, overseas shipments of ferro-cerium and pyrophoric alloys decreased by -7.7% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 657% against the previous year. The exports peaked at X tons in 2020, and then reduced in the following year.

In value terms, ferro-cerium and pyrophoric alloys exports shrank markedly to $X in 2021. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 430%. The exports peaked at $X in 2020, and then declined notably in the following year.

Exports by Country

Romania (X tons) was the main destination for ferro-cerium and pyrophoric alloys exports from Hungary, accounting for a 88% share of total exports. Moreover, ferro-cerium and pyrophoric alloys exports to Romania exceeded the volume sent to the second major destination, Greece (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Romania amounted to +54.1%.

In value terms, Romania ($X) remains the key foreign market for ferro-cerium and pyrophoric alloys exports from Hungary, comprising 79% of total exports. The second position in the ranking was held by Greece ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania amounted to +34.2%.

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2021, which is down by -11.3% against the previous year. Over the period under review, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 16%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Romania amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+6.4%).

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Hungary

In 2021, purchases abroad of ferro-cerium and pyrophoric alloys increased by 5.6% to X tons, rising for the second year in a row after three years of decline. In general, total imports indicated a resilient increase 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. Based on 2021 figures, imports increased by +11.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 33% against the previous year. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2021.

In value terms, ferro-cerium and pyrophoric alloys imports reached $X in 2021. The total import value increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 34% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest ferro-cerium and pyrophoric alloys supplier to Hungary, with a 63% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by Serbia (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.2% per year) and Serbia (+44.1% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Hungary, comprising 55% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by Serbia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.6% per year) and Serbia (+37.5% per year).

Import Prices by Country

The average ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, remaining stable against the previous year. Overall, the import price recorded a mild downturn. The pace of growth appeared the most rapid in 2017 an increase of 12%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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