Hungary: Hot-Dipped Metal-Coated Sheet Market 2024

Hot-Dipped Metal-Coated Sheet Market Size in Hungary

The Hungarian hot-dipped metal-coated sheet market surged to $X in 2021, growing by 34% against the previous year. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +43.9% against 2018 indices. Hot-dipped metal-coated sheet consumption peaked in 2021 and is likely to see gradual growth in the near future.

Hot-Dipped Metal-Coated Sheet Production in Hungary

In value terms, hot-dipped metal-coated sheet production declined modestly to $X in 2021 estimated in export price. Overall, production, however, saw a buoyant expansion. The growth pace was the most rapid in 2018 when the production volume increased by 83% against the previous year. Hot-dipped metal-coated sheet production peaked at $X in 2020, and then reduced modestly in the following year.

Hot-Dipped Metal-Coated Sheet Exports

Exports from Hungary

In 2021, approx. X tons of hot-dipped metal-coated sheet were exported from Hungary; picking up by 5.8% against the previous year's figure. Overall, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 68% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, hot-dipped metal-coated sheet exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2017 when exports increased by 111% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Germany (X tons), Austria (X tons) and Poland (X tons) were the main destinations of hot-dipped metal-coated sheet exports from Hungary, with a combined 71% share of total exports. The Czech Republic, Slovakia, Romania, Ukraine, Slovenia, Croatia and Serbia lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +51.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hot-dipped metal-coated sheet exported from Hungary were Germany ($X), Austria ($X) and Poland ($X), with a combined 69% share of total exports. The Czech Republic, Slovakia, Romania, Ukraine, Slovenia, Croatia and Serbia lagged somewhat behind, together accounting for a further 26%.

In terms of the main countries of destination, Ukraine, with a CAGR of +48.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average hot-dipped metal-coated sheet export price amounted to $X per ton, surging by 82% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, the countries with the highest prices were Croatia ($X per ton) and Serbia ($X per ton), while the average price for exports to Ukraine ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Dipped Metal-Coated Sheet Imports

Imports into Hungary

Hot-dipped metal-coated sheet imports into Hungary surged to X tons in 2021, with an increase of 20% on the previous year's figure. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 34% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, hot-dipped metal-coated sheet imports skyrocketed to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Austria (X tons) and Slovakia (X tons) were the main suppliers of hot-dipped metal-coated sheet imports to Hungary, with a combined 59% share of total imports. Italy, Luxembourg, France and Poland lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +28.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of hot-dipped metal-coated sheet to Hungary, comprising 34% of total imports. The second position in the ranking was taken by Austria ($X), with a 15% share of total imports. It was followed by Slovakia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+1.9% per year) and Slovakia (+10.3% per year).

Import Prices by Country

In 2021, the average hot-dipped metal-coated sheet import price amounted to $X per ton, increasing by 31% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Germany ($X per ton) and Slovakia ($X per ton), while the price for Poland ($X per ton) and Luxembourg ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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