Hungary: Metal Link Chain Market 2024

Metal Link Chain Market Size in Hungary

In 2021, the Hungarian metal link chain market decreased by -20.2% to $X, falling for the seventh consecutive year after three years of growth. Overall, consumption recorded a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Link Chain Exports

Exports from Hungary

In 2021, approx. X tons of iron or steel articulated link chain were exported from Hungary; with a decrease of -7.6% on 2020 figures. In general, exports saw a pronounced curtailment. The growth pace was the most rapid in 2020 when exports increased by 55%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal link chain exports contracted to $X in 2021. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 73% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Ukraine (X tons), Romania (X tons) and the United States (X tons) were the main destinations of metal link chain exports from Hungary, together comprising 63% of total exports. These countries were followed by Slovakia, Germany, Croatia, Italy, India, Bulgaria, the UK, Turkey and Russia, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +335.3%), while the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), the United States ($X) and Romania ($X) constituted the largest markets for metal link chain exported from Hungary worldwide, with a combined 50% share of total exports. These countries were followed by Slovakia, Italy, India, Bulgaria, Germany, Croatia, Turkey, the UK and Russia, which together accounted for a further 35%.

Among the main countries of destination, India, with a CAGR of +326.0%, recorded 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

The average metal link chain export price stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the export price, however, showed a noticeable reduction. The growth pace was the most rapid in 2019 an increase of 24%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while the average price for exports to Russia ($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 Belarus (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into Hungary

For the fifth year in a row, Hungary recorded decline in supplies from abroad of iron or steel articulated link chain, which decreased by -8.9% to X tons in 2021. Over the period under review, imports faced a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 9.8% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, metal link chain imports dropped significantly to $X in 2021. Overall, imports faced a abrupt contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 21%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest metal link chain supplier to Hungary, accounting for a 41% share of total imports. Moreover, metal link chain imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. Poland (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+82.3% per year) and Poland (-7.2% per year).

In value terms, Italy ($X) constituted the largest supplier of iron or steel articulated link chain to Hungary, comprising 43% of total imports. The second position in the ranking was held by Poland ($X), with a 14% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to -11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-10.6% per year) and France (+75.0% per year).

Import Prices by Country

The average metal link chain import price stood at $X per ton in 2021, reducing by -13.8% against the previous year. In general, the import price saw a perceptible downturn. The growth pace was the most rapid in 2014 an increase of 10% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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