Hungary: Metal Advertising Sign Market 2021

Metal Advertising Sign Market Size in Hungary

The Hungarian metal advertising sign market expanded remarkably to $X in 2020, surging by X% against the previous year. Over the period under review, the total consumption indicated a notable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Metal advertising sign consumption peaked in 2020 and is expected to retain growth in the near future.

Metal Advertising Sign Production in Hungary

In value terms, metal advertising sign production contracted modestly to $X in 2020 estimated in export prices. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Metal advertising sign production peaked at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.

Metal Advertising Sign Exports

Exports from Hungary

In 2020, after two years of decline, there was significant growth in overseas shipments of metal advertising signs, when their volume increased by X% to X tons. Overall, exports, however, saw a perceptible reduction. Exports peaked at X tons in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, metal advertising sign exports surged to $X in 2020. In general, exports, however, recorded a buoyant increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Austria (X tons), Italy (X tons) and Romania (X tons) were the main destinations of metal advertising sign exports from Hungary, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Italy, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for metal advertising sign exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Italy stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and Austria (+X% per year).

Export Prices by Country

The average metal advertising sign export price stood at $X per ton in 2020, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate resilient growth. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Mexico ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Mexico, while the prices for the other major destinations experienced more modest paces of growth.

Metal Advertising Sign Imports

Imports into Hungary

In 2020, metal advertising sign imports into Hungary soared to X tons, jumping by X% against 2019 figures. In general, imports recorded a modest increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal advertising sign imports skyrocketed to $X in 2020. Over the period under review, imports continue to indicate notable growth. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Slovenia (X tons) constituted the largest metal advertising sign supplier to Hungary, accounting for a X% share of total imports. Moreover, metal advertising sign imports from Slovenia exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was occupied by Denmark (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Slovenia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Denmark (+X% per year).

In value terms, Slovenia ($X), Germany ($X) and Italy ($X) were the largest metal advertising sign suppliers to Hungary, with a combined X% share of total imports.

Among the main suppliers, Slovenia (+X% per year) 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 advertising sign import price stood at $X per ton in 2020, with an increase of X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2016; however, from 2017 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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