Hungary: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Hungary

The Hungarian unwrought aluminium alloys market contracted to $X in 2020, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a deep slump. The most prominent rate of growth was recorded in 2010 when the market value increased by X% year-to-year. Unwrought aluminium alloys consumption peaked at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Unwrought Aluminium Alloys Exports

Exports from Hungary

In 2020, overseas shipments of unwrought aluminium alloys decreased by -X% to X tons for the first time since 2015, thus ending a four-year rising trend. Over the period under review, exports, however, posted a resilient increase. The growth pace was the most rapid in 2017 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at X tons in 2019, and then dropped markedly in the following year.

In value terms, unwrought aluminium alloys exports shrank notably to $X in 2020. Overall, exports, however, posted a measured increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Germany (X tons), Italy (X tons) and Romania (X tons) were the main destinations of unwrought aluminium alloys exports from Hungary, with a combined X% share of total exports. Slovenia, Slovakia, Croatia and Poland lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for unwrought aluminium alloys exported from Hungary were Germany ($X), Italy ($X) and Romania ($X), together comprising X% of total exports. These countries were followed by Slovenia, Slovakia, Croatia and Poland, which together accounted for a further X the main countries of destination, Slovakia (+X% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average unwrought aluminium alloys export price stood at $X per ton in 2020, shrinking by -X% against the previous year. In general, the export price saw a pronounced setback. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. The export price peaked at $X per ton in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

Average prices varied noticeably for the major export markets. In 2020, the countries with the highest prices were Germany ($X per ton) and Poland ($X per ton), while the average price for exports to Slovenia ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced a decline.

Unwrought Aluminium Alloys Imports

Imports into Hungary

In 2020, supplies from abroad of unwrought aluminium alloys decreased by -X% to X tons, falling for the third year in a row after two years of growth. Overall, imports recorded a noticeable decline. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

In value terms, unwrought aluminium alloys imports fell to $X in 2020. Over the period under review, imports saw a abrupt slump. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Romania (X tons) constituted the largest unwrought aluminium alloys supplier to Hungary, accounting for a X% share of total imports. Moreover, unwrought aluminium alloys imports from Romania exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), fourfold. The third position in this ranking was occupied by Italy (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Romania was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (-X% per year) and Italy (+X% per year).

In value terms, Romania ($X) constituted the largest supplier of unwrought aluminium alloys to Hungary, comprising X% of total imports. The second position in the ranking was occupied by Slovakia ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Romania totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (-X% per year) and Italy (+X% per year).

Import Prices by Country

The average unwrought aluminium alloys import price stood at $X per ton in 2020, which is down by -X% against the previous year. Overall, the import price showed a noticeable setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Romania ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :