Hungary: Metal Chain Market 2025

Metal Chain Market Size in Hungary

The Hungarian metal chain market expanded sharply to $X in 2022, picking up by 13% against the previous year. Overall, consumption, however, continues to indicate a noticeable shrinkage. Metal chain consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Metal Chain Production in Hungary

In value terms, metal chain production soared to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced contraction. The growth pace was the most rapid in 2020 with an increase of 129%. Metal chain production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Metal Chain Exports

Exports from Hungary

In 2022, metal chain exports from Hungary plummeted to X tons, waning by -94.2% against 2021. In general, exports continue to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 1,815% against the previous year. As a result, the exports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, metal chain exports contracted notably to $X in 2022. Overall, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 1,296%. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.

Exports by Country

Ukraine (X tons), Switzerland (X tons) and Serbia (X tons) were the main destinations of metal chain exports from Hungary, together comprising 40% of total exports. Romania, Poland, Russia, the United States, Turkey, Austria, Belarus, Germany, Spain and Greece lagged somewhat behind, together accounting for a further 51%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +1,349.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal chain exported from Hungary were Austria ($X), Romania ($X) and Russia ($X), with a combined 45% share of total exports. Poland, Serbia, Switzerland, Ukraine, Turkey, Greece, the United States, Belarus, Spain and Germany lagged somewhat behind, together accounting for a further 39%.

Greece, with a CAGR of +6,072.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal chain export price amounted to $X per ton, surging by 60% against the previous year. In general, the export price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2014 an increase of 194%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+325.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Chain Imports

Imports into Hungary

In 2022, purchases abroad of iron or steel chain decreased by -48.1% to X tons, falling for the fourth consecutive year after two years of growth. In general, imports, however, showed strong growth. The growth pace was the most rapid in 2018 when imports increased by 125%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, metal chain imports declined dramatically to $X in 2022. Over the period under review, imports, however, recorded a notable increase. The pace of growth was the most pronounced in 2018 with an increase of 92% against the previous year. Imports peaked at $X in 2021, and then reduced notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest metal chain supplier to Hungary, with a 48% share of total imports. Moreover, metal chain imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Serbia (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.0% per year) and Serbia (+10.6% per year).

In value terms, the largest metal chain suppliers to Hungary were China ($X), Germany ($X) and Turkey ($X), together comprising 69% of total imports.

Among the main suppliers, Turkey, with a CAGR of +125.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal chain import price stood at $X per ton in 2022, growing by 27% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2021 an increase of 67%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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