Report Update Nov 1, 2024

Hungary - U-Sections of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Non-Alloy Steel U-Section Market 2024

Non-Alloy Steel U-Section Market Size in Hungary

In 2022, the Hungarian non-alloy steel u-section market decreased by -23.9% to $X, falling for the fourth consecutive year after three years of growth. Over the period under review, consumption showed a perceptible setback. Non-alloy steel u-section consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Non-Alloy Steel U-Section Exports

Exports from Hungary

In 2022, after two years of decline, there was growth in shipments abroad of u-sections of non-alloy steel, when their volume increased by 0.2% to X tons. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 59%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, non-alloy steel u-section exports soared to $X in 2022. Overall, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 52%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Slovakia (X tons) was the main destination for non-alloy steel u-section exports from Hungary, with a 83% share of total exports. Moreover, non-alloy steel u-section exports to Slovakia exceeded the volume sent to the second major destination, Austria (X tons), ninefold. The third position in this ranking was held by Romania (X tons), with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia stood at +23.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+1.6% per year) and Romania (-2.2% per year).

In value terms, Slovakia ($X) remains the key foreign market for u-sections of non-alloy steel exports from Hungary, comprising 82% of total exports. The second position in the ranking was held by Austria ($X), with a 10% 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 Slovakia stood at +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+7.7% per year) and Romania (+0.8% per year).

Export Prices by Country

In 2022, the average non-alloy steel u-section export price amounted to $X per ton, jumping by 25% against the previous year. Overall, the export price showed a perceptible expansion. The growth pace was the most rapid in 2021 an increase of 63% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Slovenia ($X per ton) and Austria ($X per ton), while the average price for exports to Serbia ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel U-Section Imports

Imports into Hungary

In 2022, purchases abroad of u-sections of non-alloy steel decreased by -27.3% to X tons, falling for the fourth year in a row after three years of growth. In general, imports saw a perceptible downturn. The most prominent rate of growth was recorded in 2014 with an increase of 23%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, non-alloy steel u-section imports reduced rapidly to $X in 2022. Overall, imports showed a slight decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 28%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of non-alloy steel u-section imports to Hungary, with a combined 77% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +2.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-alloy steel u-section suppliers to Hungary were Italy ($X), Poland ($X) and Germany ($X), with a combined 76% share of total imports.

Among the main suppliers, Italy, with a CAGR of +7.2%, saw 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

In 2022, the average non-alloy steel u-section import price amounted to $X per ton, surging by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2021 an increase of 28% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Ukraine ($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 (+5.5%), 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 u-sections of non-alloy steel in the world?

China remains the largest non-alloy steel u-section consuming country worldwide, accounting for 26% of total volume. Moreover, non-alloy steel u-section consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 5.7% share.

What are the largest producers of u-sections of non-alloy steel in the world?

China constituted the country with the largest volume of non-alloy steel u-section production, comprising approx. 28% of total volume. Moreover, non-alloy steel u-section production in China exceeded the figures recorded by the second-largest producer, India, threefold. Japan ranked third in terms of total production with a 6.2% share.

What are the leading suppliers of u-sections of non-alloy steel to Hungary?

In value terms, Germany, Italy and Poland appeared to be the largest non-alloy steel u-section suppliers to Hungary, together comprising 84% of total imports. These countries were followed by Ukraine, Slovakia, the Czech Republic and Romania, which together accounted for a further 11%.

What are the leading importers of u-sections of non-alloy steel from Hungary?

In value terms, Slovakia remains the key foreign market for non-alloy steel u-section exports from Hungary, comprising 80% of total exports. The second position in the ranking was occupied by Croatia, with a 6.4% share of total exports. It was followed by Austria, with a 5.4% share.

What is the average export price for u-sections of non-alloy steel in Hungary?

The average non-alloy steel u-section export price stood at $963 per ton in 2021, rising by 63% against the previous year.

What is the average import price for u-sections of non-alloy steel in Hungary?

In 2021, the average non-alloy steel u-section import price amounted to $1,006 per ton, surging by 28% against the previous year.

This report provides an in-depth analysis of the non-alloy steel u-section 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:

Prodcom 24107110 - U-sections of a web height of .80 mm or more (of non-alloy steel)

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:

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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
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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