Report Update Nov 1, 2024

Hungary - Titanium Sponge, Powders, Ingots and Slabs - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Titanium Market 2024

Titanium Exports

Exports from Hungary

In 2022, exports of titanium sponge, powders, ingots and slabs from Hungary soared to X kg, rising by 200% against the previous year's figure. In general, exports, however, recorded a dramatic slump. Over the period under review, the exports attained the maximum at X kg in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, titanium exports fell markedly to $X in 2022. Overall, exports, however, continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2017 with an increase of 1,284%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X kg) was the main destination for titanium exports from Hungary, with a approx. 100% share of total exports.

From 2015 to 2022, the average annual growth rate of volume to Canada was relatively modest.

From 2015 to 2022, the average annual growth rate of value to Canada was relatively modest.

Export Prices by Country

In 2022, the average titanium export price amounted to $X per ton, declining by -71.6% against the previous year. Overall, the export price, however, enjoyed strong growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 526% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Canada totaled $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+37.5%).

Titanium Imports

Imports into Hungary

In 2022, titanium imports into Hungary surged to X tons, with an increase of 157% against the previous year's figure. In general, imports, however, saw a deep setback. The growth pace was the most rapid in 2018 with an increase of 3,858%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, titanium imports soared to $X in 2022. Overall, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 2,911%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Switzerland (X tons) constituted the largest titanium supplier to Hungary, accounting for a 82% share of total imports. Moreover, titanium imports from Switzerland exceeded the figures recorded by the second-largest supplier, China (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Switzerland stood at +41.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.3% per year) and the UK (-4.5% per year).

In value terms, Switzerland ($X) constituted the largest supplier of titanium sponge, powders, ingots and slabs to Hungary, comprising 73% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Switzerland totaled +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.1% per year) and the UK (+3.5% per year).

Import Prices by Country

The average titanium import price stood at $X per ton in 2022, shrinking by -52.2% against the previous year. In general, the import price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 190% against the previous year. The import price peaked at $X per ton in 2021, and then contracted dramatically in the following year.

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 UK ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for titanium sponge, powders, ingots and slabs in the world?

China remains the largest titanium consuming country worldwide, comprising approx. 21% of total volume. Moreover, titanium consumption in China exceeded the figures recorded by the second-largest consumer, Russia, threefold. The third position in this ranking was occupied by the United States, with a 6.3% share.

What are the largest producers of titanium sponge, powders, ingots and slabs in the world?

The countries with the highest volumes of in 2021 were China, Japan and Russia, together comprising 34% of global production. These countries were followed by Indonesia, Kazakhstan, the United States, Brazil, the UK, Pakistan, Germany, Canada, Nigeria and the Philippines, which together accounted for a further 33%.

What are the leading suppliers of titanium sponge, powders, ingots and slabs to Hungary?

In value terms, the largest titanium suppliers to Hungary were Japan, China and the United States, together comprising 99% of total imports.

What are the leading importers of titanium sponge, powders, ingots and slabs from Hungary?

In value terms, Switzerland $52) remains the key foreign market for titanium exports from Hungary.

What is the average export price for titanium sponge, powders, ingots and slabs in Hungary?

In 2021, the average titanium export price amounted to $5,440 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for titanium sponge, powders, ingots and slabs in Hungary?

In 2021, the average titanium import price amounted to $39,026 per ton, with an increase of 97% against the previous year.

This report provides an in-depth analysis of the titanium market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023