Hungary: Market for Sanitary Ware And Parts Of Iron Or Steel 2025

Market Size for Sanitary Ware And Parts Of Iron Or Steel in Hungary

For the fourth consecutive year, the Hungarian market for sanitary ware and parts of iron or steel recorded growth in sales value, which increased by 7% to $X in 2021. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Iron or steel sanitary ware consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Sanitary Ware And Parts Of Iron Or Steel in Hungary

In value terms, iron or steel sanitary ware production totaled $X in 2021 estimated in export price. Overall, production, however, continues to indicate a dramatic contraction. Iron or steel sanitary ware production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports from Hungary

For the third consecutive year, Hungary recorded growth in shipments abroad of sanitary ware and parts of iron or steel, which increased by 41% to X tons in 2021. Overall, exports enjoyed a resilient increase. The growth pace was the most rapid in 2014 with an increase of 98% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, iron or steel sanitary ware exports soared to $X in 2021. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 159% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons), Romania (X tons) and Slovakia (X tons) were the main destinations of iron or steel sanitary ware exports from Hungary, with a combined 62% share of total exports. Croatia, Poland, Serbia, Austria, Bulgaria, Slovenia, Iraq, the Czech Republic, the United States and the United Arab Emirates lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of +150.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for sanitary ware and parts of iron or steel exports from Hungary, comprising 43% of total exports. The second position in the ranking was taken by Romania ($X), with a 12% share of total exports. It was followed by Slovakia, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +90.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+19.3% per year) and Slovakia (+1.2% per year).

Export Prices by Country

The average export price for sanitary ware and parts of iron or steel stood at $X per ton in 2021, with an increase of 30% against the previous year. In general, the export price, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2019 an increase of 55%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports into Hungary

In 2021, iron or steel sanitary ware imports into Hungary rose slightly to X tons, picking up by 3.1% on the previous year. In general, imports showed a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 65% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, iron or steel sanitary ware imports rose sharply to $X in 2021. Over the period under review, imports continue to indicate prominent growth. The growth pace was the most rapid in 2018 when imports increased by 42% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest iron or steel sanitary ware supplier to Hungary, accounting for a 48% share of total imports. Moreover, iron or steel sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+40.3% per year) and Germany (+9.5% per year).

In value terms, China ($X), Germany ($X) and Poland ($X) were the largest iron or steel sanitary ware suppliers to Hungary, together accounting for 75% of total imports. Spain, the Czech Republic, Slovenia, Turkey and Austria lagged somewhat behind, together accounting for a further 14%.

Turkey, with a CAGR of +54.8%, recorded the highest growth rate of 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 sanitary ware and parts of iron or steel stood at $X per ton in 2021, rising by 8.5% against the previous year. In general, the import price, however, recorded a perceptible slump. The growth pace was the most rapid in 2015 when the average import price increased by 16%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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