Hungary: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Hungary

In 2020, the Hungarian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to $X for the first time since 2015, thus ending a four-year rising trend. In general, the total consumption indicated a measured expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2019, and then contracted in the following year.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Hungary

In value terms, iron, steel or aluminium reservoir production declined significantly to $X in 2020 estimated in export prices. Over the period under review, production saw a slight decline. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Hungary

After two years of growth, overseas shipments of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to X tons in 2020. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Exports peaked at X tons in 2019, and then shrank remarkably in the following year.

In value terms, iron, steel or aluminium reservoir exports dropped dramatically to $X in 2020. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Exports peaked at $X in 2019, and then fell remarkably in the following year.

Exports by Country

Germany (X tons) was the main destination for iron, steel or aluminium reservoir exports from Hungary, with a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to Germany exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. The third position in this ranking was occupied by Austria (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+X% per year) and Austria (-X% per year).

In value terms, Germany ($X) remains the key foreign market for iron, steel or aluminium reservoir exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Austria ($X), with a X% share of total exports. It was followed by Bulgaria, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-X% per year) and Bulgaria (+X% per year).

Export Prices by Country

The average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, increasing by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2008; however, from 2009 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($X per ton), while the average price for exports to Turkey ($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 Senegal, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Hungary

In 2020, supplies from abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, imports enjoyed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron, steel or aluminium reservoir imports soared to $X in 2020. Overall, imports posted buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked in 2020 and are expected to retain growth in the near future.

Imports by Country

Turkey (X tons), Spain (X tons) and Belgium (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to Hungary, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron, steel or aluminium reservoir suppliers to Hungary were South Korea ($X), Belgium ($X) and Germany ($X), together comprising X% of total imports.

Belgium (+X% per year) recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, which is down by -X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per ton in 2019, and then fell in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was South Korea ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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