Hungary: Market for Table, Kitchen Or Household Articles Of Cast Iron 2025

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in Hungary

The Hungarian cast iron household articles market fell to $X in 2022, shrinking by -7.5% against the previous year. Overall, consumption, however, continues to indicate prominent growth. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Production of Table, Kitchen Or Household Articles Of Cast Iron in Hungary

In value terms, cast iron household articles production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, posted a perceptible increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 2,744% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports from Hungary

In 2022, shipments abroad of table, kitchen or household articles of cast iron decreased by -22.5% to X tons for the first time since 2011, thus ending a ten-year rising trend. Overall, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 108%. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank notably in the following year.

In value terms, cast iron household articles exports contracted to $X in 2022. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 109%. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell slightly in the following year.

Exports by Country

Romania (X tons) was the main destination for cast iron household articles exports from Hungary, accounting for a 58% share of total exports. Moreover, cast iron household articles exports to Romania exceeded the volume sent to the second major destination, Belgium (X tons), sevenfold. The third position in this ranking was held by Slovakia (X tons), with an 8% share.

From 2012 to 2022, the average annual growth rate of volume to Romania totaled +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+52.9% per year) and Slovakia (+30.3% per year).

In value terms, Romania ($X) remains the key foreign market for table, kitchen or household articles of cast iron exports from Hungary, comprising 50% of total exports. The second position in the ranking was taken by Belgium ($X), with a 13% share of total exports. It was followed by Slovakia, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania totaled +38.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+51.2% per year) and Slovakia (+38.2% per year).

Export Prices by Country

In 2022, the average cast iron household articles export price amounted to $X per ton, surging by 27% against the previous year. In general, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cast iron household articles export price increased by +32.8% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 36%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+33.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports into Hungary

In 2022, overseas purchases of table, kitchen or household articles of cast iron decreased by -17.6% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by 128%. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted remarkably in the following year.

In value terms, cast iron household articles imports reduced to $X in 2022. Overall, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 113%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

China (X tons), Germany (X tons) and Slovakia (X tons) were the main suppliers of cast iron household articles imports to Hungary, together accounting for 89% of total imports. The Netherlands, Austria, Hong Kong SAR and Romania lagged somewhat behind, together comprising a further 9.1%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +102.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the Netherlands ($X) were the largest cast iron household articles suppliers to Hungary, with a combined 85% share of total imports. Slovakia, Romania, Austria and Hong Kong SAR lagged somewhat behind, together accounting for a further 12%.

In terms of the main suppliers, Romania, with a CAGR of +93.8%, recorded the highest rates of growth with regard to 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 cast iron household articles import price stood at $X per ton in 2022, increasing by 4.4% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by 33% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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