Hungary: Metal Self-Tapping Screw Market 2024

Metal Self-Tapping Screw Market Size in Hungary

In 2022, the Hungarian metal self-tapping screw market decreased by -21.3% to $X for the first time since 2016, thus ending a five-year rising trend. Overall, consumption, however, posted a noticeable expansion. Metal self-tapping screw consumption peaked at $X in 2021, and then declined rapidly in the following year.

Metal Self-Tapping Screw Production in Hungary

In value terms, metal self-tapping screw production dropped modestly to $X in 2022 estimated in export price. Overall, production recorded a noticeable descent. The pace of growth was the most pronounced in 2018 when the production volume increased by 27% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Metal Self-Tapping Screw Exports

Exports from Hungary

In 2022, shipments abroad of iron or steel self-tapping screws decreased by -20.6% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2019 when exports increased by 50% against the previous year. The exports peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, metal self-tapping screw exports dropped to $X in 2022. In general, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by 36% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

Romania (X tons) was the main destination for metal self-tapping screw exports from Hungary, with a 36% share of total exports. Moreover, metal self-tapping screw exports to Romania exceeded the volume sent to the second major destination, Poland (X tons), threefold. The third position in this ranking was held by China (X tons), with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania amounted to +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+20.3% per year) and China (+14.5% per year).

In value terms, Romania ($X), Poland ($X) and Serbia ($X) constituted the largest markets for metal self-tapping screw exported from Hungary worldwide, together accounting for 53% of total exports. China, Slovakia, Ukraine, Germany, the Czech Republic, Spain, the Netherlands, Slovenia, Russia and Ireland lagged somewhat behind, together comprising a further 34%.

In terms of the main countries of destination, Slovenia, with a CAGR of +68.5%, 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

In 2022, the average metal self-tapping screw export price amounted to $X per ton, with an increase of 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2021 an increase of 18% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the Netherlands ($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 Serbia (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Self-Tapping Screw Imports

Imports into Hungary

After ten years of growth, purchases abroad of iron or steel self-tapping screws decreased by -9.5% to X tons in 2022. Overall, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2016 when imports increased by 31% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, metal self-tapping screw imports contracted notably to $X in 2022. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 45% against the previous year. Imports peaked at $X in 2021, and then fell sharply in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of metal self-tapping screw to Hungary, accounting for a 38% share of total imports. Moreover, metal self-tapping screw imports from Germany exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. China (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+9.2% per year) and China (+56.6% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel self-tapping screws to Hungary, comprising 50% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 9.2% share of total imports. It was followed by Poland, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+14.4% per year) and Poland (+22.2% per year).

Import Prices by Country

In 2022, the average metal self-tapping screw import price amounted to $X per ton, with a decrease of -19.3% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 29%. The import price peaked at $X per ton in 2021, and then dropped sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Vietnam ($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 Czech Republic (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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