Hungary: Iron Household Articles Market 2025

Iron Household Articles Market Size in Hungary

The Hungarian iron household articles market soared to $X in 2021, picking up by 37% against the previous year. Over the period under review, consumption continues to indicate a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Iron Household Articles Production in Hungary

In value terms, iron household articles production soared to $X in 2021 estimated in export price. Over the period under review, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 115%. Iron household articles production peaked in 2021 and is expected to retain growth in years to come.

Iron Household Articles Exports

Exports from Hungary

In 2021, overseas shipments of table, kitchen or household articles and parts of iron increased by 64% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 90% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, iron household articles exports skyrocketed to $X in 2021. Overall, exports saw tangible growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons) was the main destination for iron household articles exports from Hungary, with a 40% share of total exports. Moreover, iron household articles exports to Romania exceeded the volume sent to the second major destination, Slovakia (X tons), fourfold. Croatia (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume to Romania stood at +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-7.7% per year) and Croatia (+39.9% per year).

In value terms, Romania ($X) remains the key foreign market for table, kitchen or household articles and parts of iron exports from Hungary, comprising 35% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 12% share of total exports. It was followed by Croatia, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania amounted to +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-7.9% per year) and Croatia (+33.2% per year).

Export Prices by Country

In 2021, the average iron household articles export price amounted to $X per ton, rising by 8.1% against the previous year. In general, the export price, however, continues to indicate a noticeable curtailment. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to South Korea ($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 Taiwan (Chinese) (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Household Articles Imports

Imports into Hungary

In 2021, imports of table, kitchen or household articles and parts of iron into Hungary soared to X tons, increasing by 33% against 2020. Overall, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron household articles imports skyrocketed to $X in 2021. Over the period under review, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of iron household articles imports to Hungary, with a combined 60% share of total imports. Germany, Portugal, Slovakia and Austria lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +204.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Poland ($X) and Germany ($X) were the largest iron household articles suppliers to Hungary, together accounting for 57% of total imports. Portugal, Italy, Slovakia and Austria lagged somewhat behind, together comprising a further 32%.

In terms of the main suppliers, Portugal, with a CAGR of +181.5%, 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 iron household articles import price stood at $X per ton in 2021, surging by 12% against the previous year. Overall, the import price, however, saw a pronounced downturn. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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