Report Update Nov 1, 2024

Hungary - Remelting Scrap Ingots of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Market for Remelting Scrap Ingots Of Iron Or Steel 2024

Market Size for Remelting Scrap Ingots Of Iron Or Steel in Hungary

In 2022, the Hungarian metal remelting scrap ingots market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, showed a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Remelting Scrap Ingots Of Iron Or Steel in Hungary

In value terms, metal remelting scrap ingots production declined to $X in 2022 estimated in export price. In general, production continues to indicate a deep setback. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Metal remelting scrap ingots production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Remelting Scrap Ingots Of Iron Or Steel

Exports from Hungary

In 2022, the amount of remelting scrap ingots of iron or steel exported from Hungary soared to X tons, with an increase of X% compared with the previous year. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, metal remelting scrap ingots exports skyrocketed to $X in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Poland (X tons) was the main destination for metal remelting scrap ingots exports from Hungary, accounting for a X% share of total exports. Moreover, metal remelting scrap ingots exports to Poland exceeded the volume sent to the second major destination, Slovakia (X tons), eightfold. Austria (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X.6% per year) and Austria (X% per year).

In value terms, Poland ($X) remains the key foreign market for remelting scrap ingots of iron or steel exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X.4% per year) and Austria (X% per year).

Export Prices by Country

The average metal remelting scrap ingots export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, faced a sharp reduction. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

Imports of Remelting Scrap Ingots Of Iron Or Steel

Imports into Hungary

Metal remelting scrap ingots imports into Hungary amounted to X tons in 2022, approximately reflecting 2021 figures. Overall, imports posted a significant expansion. The smallest decline of X% was in 2013. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, metal remelting scrap ingots imports stood at $X in 2022. Over the period under review, imports posted buoyant growth. The smallest decline of X% was in 2013. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) was the main supplier of metal remelting scrap ingots to Hungary, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands was relatively modest.

In value terms, the Netherlands ($X) constituted the largest supplier of remelting scrap ingots of iron or steel to Hungary.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands was relatively modest.

Import Prices by Country

The average metal remelting scrap ingots import price stood at $X per ton in 2022, approximately equating the previous year. Overall, the import price faced a sharp curtailment. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for remelting scrap ingots of iron or steel in the world?

The countries with the highest volumes of metal remelting scrap ingots consumption in 2020 were Turkey, China and India, with a combined 45% share of global consumption. These countries were followed by the United States, Japan, Russia, Indonesia, Brazil, Mexico, Italy, the UK and Nigeria, which together accounted for a further 23%.

What are the largest producers of remelting scrap ingots of iron or steel in the world?

The countries with the highest volumes of metal remelting scrap ingots production in 2020 were Turkey, China and India, with a combined 44% share of global production. These countries were followed by the United States, Japan, Russia, Indonesia, Brazil, Palestine, Mexico, the UK, Italy and Nigeria, which together accounted for a further 24%.

What are the leading suppliers of remelting scrap ingots of iron or steel to Hungary?

In value terms, the Czech Republic constituted the largest supplier of metal remelting scrap ingots to Hungary, comprising 73% of total imports. The second position in the ranking was occupied by Poland, with a 27% share of total imports.

What are the leading importers of remelting scrap ingots of iron or steel from Hungary?

In value terms, Poland emerged as the key foreign market for metal remelting scrap ingots exports from Hungary, comprising 95% of total exports. The second position in the ranking was occupied by the UK, with a 5.1% share of total exports.

What is the average export price for remelting scrap ingots of iron or steel in Hungary?

The average metal remelting scrap ingots export price stood at $37 per ton in 2020, declining by -81.6% against the previous year.

What is the average import price for remelting scrap ingots of iron or steel in Hungary?

The average metal remelting scrap ingots import price stood at $269 per ton in 2020, waning by -70.7% against the previous year.

This report provides an in-depth analysis of the market for metal remelting scrap ingots 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 24101420 - Remelting scrap ingots of iron or steel (excluding products whose chemical composition conforms to the definitions of pig iron, spiegeleisen, or ferro-alloys)

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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