Hungary: Metal Flexible Tubing Market 2024

Metal Flexible Tubing Market Size in Hungary

In 2022, the Hungarian metal flexible tubing market increased by X% to $X, rising for the fourth consecutive year after three years of decline. Overall, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2018 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Metal Flexible Tubing Production in Hungary

In value terms, metal flexible tubing production shrank to $X in 2022 estimated in export price. In general, production, however, showed a significant expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Metal Flexible Tubing Exports

Exports from Hungary

In 2022, after three years of growth, there was significant decline in overseas shipments of iron or steel flexible tubing, when their volume decreased by X% to X tons. Overall, exports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, metal flexible tubing exports dropped dramatically to $X in 2022. In general, exports, however, posted noticeable growth. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Germany (X tons) was the main destination for metal flexible tubing exports from Hungary, with a X% share of total exports. Moreover, metal flexible tubing exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), twofold. Romania (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Romania (X% per year).

In value terms, Germany ($X) emerged as the key foreign market for iron or steel flexible tubing exports from Hungary, comprising X% of total exports. The second position in the ranking was held by Romania ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Slovakia (X% per year).

Export Prices by Country

The average metal flexible tubing export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price showed a pronounced descent. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Thailand ($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 Sweden (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Flexible Tubing Imports

Imports into Hungary

In 2022, metal flexible tubing imports into Hungary fell to X tons, with a decrease of X% on 2021 figures. Overall, imports recorded a mild descent. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, metal flexible tubing imports declined to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal flexible tubing to Hungary, accounting for a X% share of total imports. Moreover, metal flexible tubing imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Turkey (X% per year).

In value terms, the largest metal flexible tubing suppliers to Hungary were Germany ($X), China ($X) and the United States ($X), together accounting for X% of total imports. France, Turkey, Italy, Bulgaria, Austria, Belgium and the UK lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average metal flexible tubing import price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :