Report Update Nov 1, 2024

Hungary - Tungsten - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Tungsten Market 2024

Tungsten Market Size in Hungary

The Hungarian tungsten market surged to $X in 2022, rising by 179% against the previous year. Over the period under review, consumption, however, recorded a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Tungsten Production in Hungary

In value terms, tungsten production surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 69,205,600%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Tungsten Exports

Exports from Hungary

In 2022, overseas shipments of tungsten decreased by -90.9% to X kg, falling for the second consecutive year after two years of growth. In general, exports faced a sharp downturn. The pace of growth was the most pronounced in 2020 when exports increased by 1,052,700%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, tungsten exports dropped remarkably to $X in 2022. Overall, exports saw a precipitous slump. The growth pace was the most rapid in 2020 with an increase of 1,657,700%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Switzerland (X kg) was the main destination for tungsten exports from Hungary, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Switzerland stood at -49.6%.

In value terms, Switzerland ($X) also remains the key foreign market for tungsten exports from Hungary.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland amounted to -52.2%.

Export Prices by Country

In 2022, the average tungsten export price amounted to $X per ton, rising by 107% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Switzerland.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to -5.0% per year.

Tungsten Imports

Imports into Hungary

In 2022, after two years of growth, there was significant decline in overseas purchases of tungsten, when their volume decreased by -28.6% to X kg. In general, imports faced a dramatic shrinkage. The growth pace was the most rapid in 2018 when imports increased by 200%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, tungsten imports fell significantly to $X in 2022. Overall, imports continue to indicate a sharp slump. The pace of growth appeared the most rapid in 2021 when imports increased by 99%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X kg) was the main supplier of tungsten to Hungary, accounting for a 99% share of total imports. It was followed by Switzerland (X kg), with a 0.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from France amounted to +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-47.8% per year) and China (-59.0% per year).

In value terms, France ($X) constituted the largest supplier of tungsten to Hungary, comprising 95% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 2.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from France amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-49.3% per year) and China (-58.9% per year).

Import Prices by Country

In 2022, the average tungsten import price amounted to $X per ton, reducing by -81% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 66% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tungsten in the world?

China constituted the country with the largest volume of tungsten consumption, comprising approx. 86% of total volume. It was followed by Russia, with a 2.5% share of total consumption.

What are the largest producers of tungsten in the world?

The country with the largest volume of tungsten production was China, accounting for 88% of total volume. It was followed by Russia, with a 2.4% share of total production.

What are the leading suppliers of tungsten to Hungary?

In value terms, Germany constituted the largest supplier of tungsten to Hungary, comprising 91% of total imports. The second position in the ranking was occupied by France, with a 5.7% share of total imports.

What are the leading importers of tungsten from Hungary?

In value terms, Germany remains the key foreign market for tungsten exports from Hungary.

What is the average export price for tungsten in Hungary?

In 2021, the average tungsten export price amounted to $113,947 per ton, approximately reflecting the previous year.

What is the average import price for tungsten in Hungary?

In 2021, the average tungsten import price amounted to $406,000 per ton, picking up by 153% against the previous year.

This report provides an in-depth analysis of the tungsten 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