Report Hungary - Non-Electric Furnaces and Ovens for the Roasting or Melting - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Hungary - Non-Electric Furnaces and Ovens for the Roasting or Melting - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Hungary

The Hungarian non-electric roasting furnace market skyrocketed to $X in 2022, surging by 177% against the previous year. Over the period under review, consumption enjoyed strong growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Non-Electric Roasting Furnace Production in Hungary

In value terms, non-electric roasting furnace production skyrocketed to $X in 2022 estimated in export price. Overall, production enjoyed a significant expansion. Non-electric roasting furnace production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Non-Electric Roasting Furnace Exports

Exports from Hungary

For the sixth consecutive year, Hungary recorded growth in shipments abroad of non-electric furnaces and ovens for the roasting or melting, which increased by 43% to X units in 2022. In general, exports showed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 3,400% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, non-electric roasting furnace exports skyrocketed to $X in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 4,944% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X units) was the main destination for non-electric roasting furnace exports from Hungary, with a 58% share of total exports. Moreover, non-electric roasting furnace exports to Belgium exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), threefold.

From 2013 to 2022, the average annual growth rate of volume to Belgium amounted to +30.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (0.0% per year) and Germany (+2.5% per year).

In value terms, Belgium ($X) emerged as the key foreign market for non-electric furnaces and ovens for the roasting or melting exports from Hungary, comprising 60% of total exports. The second position in the ranking was taken by Germany ($X), with a 25% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Belgium totaled +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-11.2% per year) and Bosnia and Herzegovina (0.0% per year).

Export Prices by Country

The average non-electric roasting furnace export price stood at $X per unit in 2022, which is down by -12.3% against the previous year. In general, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 44%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-7.7%), while the prices for the other major destinations experienced a decline.

Non-Electric Roasting Furnace Imports

Imports into Hungary

In value terms, non-electric roasting furnace imports fell sharply to $X in 2022. In general, imports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 305% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In value terms, Belgium ($X), Portugal ($X) and Italy ($X) were the largest non-electric roasting furnace suppliers to Hungary, together accounting for 81% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +29.9%, 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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were China, Indonesia and Turkey, together accounting for 36% of global consumption.
The countries with the highest volumes of in 2021 were China, India and Italy, together comprising 40% of global production. The United States, Germany, Brazil, Russia, Mexico, Japan, Spain and Pakistan lagged somewhat behind, together comprising a further 28%.
In value terms, Taiwan Chinese) constituted the largest supplier of non-electric roasting furnace to Hungary, comprising 83% of total imports. The second position in the ranking was occupied by Germany, with a 7.8% share of total imports. It was followed by Serbia, with a 4.9% share.
In value terms, the largest markets for non-electric roasting furnace exported from Hungary were Germany, Belgium and Slovakia, together comprising 97% of total exports.
The average non-electric roasting furnace export price stood at $1,569 per unit in 2021, dropping by -75.7% against the previous year.
The average non-electric roasting furnace import price stood at $4,013 per unit in 2021, falling by -30.9% against the previous year.

This report provides an in-depth analysis of the non-electric roasting furnace market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28211230 - Non-electric furnaces and ovens for the roasting, melting or other heat-treatment of ores, pyrites or of metals

Country coverage:

  • Hungary

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hungary
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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