Hungary: Market for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines 2024

Market Size for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Hungary

In 2022, after three years of decline, there was significant growth in the Hungarian market for line pipe of steel other than stainless steel for oil or gas pipelines, when its value increased by 70% to $X. Overall, consumption, however, saw a abrupt shrinkage. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Exports from Hungary

Exports of line pipe of steel other than stainless steel for oil or gas pipelines from Hungary fell sharply to X tons in 2022, with a decrease of -86.9% compared with 2021 figures. Over the period under review, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2013 with an increase of 367% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of line pipe of steel other than stainless steel for oil or gas pipelines fell markedly to $X in 2022. Overall, exports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2015 when exports increased by 247%. Over the period under review, the exports of reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of line pipe of steel other than stainless steel for oil or gas pipelines from Hungary, with a 98% share of total exports. It was followed by Slovakia (X kg), with a 0.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +66.1%.

In value terms, the United States ($X) remains the key foreign market for line pipe of steel other than stainless steel for oil or gas pipelines exports from Hungary, comprising 98% of total exports. The second position in the ranking was held by Slovakia ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +139.5%.

Export Prices by Country

In 2022, the average export price for line pipe of steel other than stainless steel for oil or gas pipelines amounted to $X per ton, growing by 26% against the previous year. Over the period under review, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 an increase of 293% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Slovakia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+75.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Imports into Hungary

In 2022, purchases abroad of line pipe of steel other than stainless steel for oil or gas pipelines was finally on the rise to reach X tons after three years of decline. Overall, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 127%. Over the period under review, imports of reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines skyrocketed to $X in 2022. In general, imports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 when imports increased by 108%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Italy (X tons) and the Czech Republic (X tons) were the main suppliers of imports of line pipe of steel other than stainless steel for oil or gas pipelines to Hungary, together accounting for 54% of total imports. Poland, Slovakia, Romania and Germany lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +36.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest line pipe of steel other than stainless steel for oil or gas pipelines suppliers to Hungary were China ($X), Italy ($X) and Poland ($X), with a combined 54% share of total imports. Germany, Slovakia, the Czech Republic and Romania lagged somewhat behind, together comprising a further 44%.

In terms of the main suppliers, Slovakia, with a CAGR of +29.1%, saw the highest rates of growth with regard to 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

In 2022, the average import price for line pipe of steel other than stainless steel for oil or gas pipelines amounted to $X per ton, growing by 39% against the previous year. In general, the import price, however, showed a noticeable decrease. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 ($X per ton), while the price for Romania ($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 (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform