Hungary: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2025

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Hungary

In 2022, the Hungarian stainless steel household articles market increased by 4.2% to $X, rising for the sixth year in a row after three years of decline. In general, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +86.6% against 2016 indices. Stainless steel household articles consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Hungary

In value terms, stainless steel household articles production reduced slightly to $X in 2022 estimated in export price. In general, production, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 when the production volume increased by 703% against the previous year. Stainless steel household articles production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from Hungary

In 2022, after two years of growth, there was significant decline in overseas shipments of table, kitchen or household articles and parts of stainless steel, when their volume decreased by -9.3% to X units. Overall, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 82%. The exports peaked at X units in 2021, and then declined in the following year.

In value terms, stainless steel household articles exports expanded significantly to $X in 2022. Over the period under review, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 109%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for stainless steel household articles exports from Hungary, with a 86% share of total exports. Moreover, stainless steel household articles exports to the United States exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. The third position in this ranking was held by Romania (X units), with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +103.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+19.2% per year) and Romania (-9.4% per year).

In value terms, the United States ($X) remains the key foreign market for table, kitchen or household articles and parts of stainless steel exports from Hungary, comprising 72% of total exports. The second position in the ranking was taken by Germany ($X), with a 12% share of total exports. It was followed by Romania, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +96.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+27.7% per year) and Romania (-7.6% per year).

Export Prices by Country

In 2022, the average stainless steel household articles export price amounted to $X per unit, growing by 19% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2013 an increase of 21%. The export price peaked at $X per unit in 2014; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into Hungary

In 2022, after five years of growth, there was decline in supplies from abroad of table, kitchen or household articles and parts of stainless steel, when their volume decreased by -2.1% to X units. Overall, imports, however, recorded a moderate increase. The pace of growth was the most pronounced in 2017 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then declined modestly in the following year.

In value terms, stainless steel household articles imports fell modestly to $X in 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.6% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, China (X units) constituted the largest stainless steel household articles supplier to Hungary, with a 54% share of total imports. Moreover, stainless steel household articles imports from China exceeded the figures recorded by the second-largest supplier, Slovakia (X units), threefold. The third position in this ranking was taken by Poland (X units), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+1.0% per year) and Poland (+9.7% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of stainless steel to Hungary, comprising 44% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by Poland, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.4% per year) and Poland (+11.3% per year).

Import Prices by Country

The average stainless steel household articles import price stood at $X per unit in 2022, picking up by 1.8% against the previous year. Over the period under review, the import price, however, showed a slight slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 13% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovenia ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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