Hungary: Market for Hot-Rolled Round Bars Of Stainless Steel 2024

Market Size for Hot-Rolled Round Bars Of Stainless Steel in Hungary

In 2021, the Hungarian hot-rolled round stainless steel market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Hot-Rolled Round Bars Of Stainless Steel in Hungary

In value terms, hot-rolled round stainless steel production totaled $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. Over the period under review, production attained the peak level in 2021 and is likely to see gradual growth in years to come.

Exports of Hot-Rolled Round Bars Of Stainless Steel

Exports from Hungary

In 2021, approx. X tons of hot-rolled round bars of stainless steel were exported from Hungary; growing by 115% on the year before. Over the period under review, exports saw buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 132%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, hot-rolled round stainless steel exports skyrocketed to $X in 2021. In general, exports posted a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 97% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons), the UK (X tons) and Romania (X tons) were the main destinations of hot-rolled round stainless steel exports from Hungary, with a combined 85% share of total exports. These countries were followed by Austria, Slovakia, Serbia and France, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +67.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hot-rolled round stainless steel exported from Hungary were Romania ($X), the UK ($X) and Germany ($X), together comprising 83% of total exports. These countries were followed by Serbia, Austria, France and Slovakia, which together accounted for a further 16%.

Among the main countries of destination, Slovakia, with a CAGR of +23.5%, recorded the highest growth rate of 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

The average hot-rolled round stainless steel export price stood at $X per ton in 2021, falling by -11.5% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 31%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Germany ($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 Germany (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Round Bars Of Stainless Steel

Imports into Hungary

In 2021, purchases abroad of hot-rolled round bars of stainless steel was finally on the rise to reach X tons after two years of decline. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.2% 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 2016 when imports increased by 33% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, hot-rolled round stainless steel imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.1% 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

France (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of hot-rolled round stainless steel imports to Hungary, with a combined 80% share of total imports. Austria and Poland lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +30.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled round stainless steel suppliers to Hungary were France ($X), Italy ($X) and Germany ($X), with a combined 80% share of total imports. Austria and Poland lagged somewhat behind, together accounting for a further 14%.

Poland, with a CAGR of +33.7%, 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 more modest paces of growth.

Import Prices by Country

The average hot-rolled round stainless steel import price stood at $X per ton in 2021, surging by 29% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were France ($X per ton) and Germany ($X per ton), while the price for Italy ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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