Hungary - Base Metal Closures, Stoppers, Caps And Lids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBase Metal Closure Price in Hungary - 2023
Contents:
- Base Metal Closure Price in Hungary (CIF) - 2023
- Base Metal Closure Price in Hungary (FOB) - 2023
- Base Metal Closure Imports in Hungary
- Base Metal Closure Exports in Hungary
Base Metal Closure Price in Hungary (CIF) - 2023
The average base metal closure import price stood at $5,125 per ton in June 2023, with an increase of 4.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 20% against the previous month. The import price peaked in June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Slovakia ($8,361 per ton), while the price for Spain ($3,275 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Metal Closure Price in Hungary (FOB) - 2023
In June 2023, the average base metal closure export price amounted to $4,603 per ton, declining by -10.6% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 11% against the previous month. The export price peaked at $5,149 per ton in May 2023, and then dropped in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($19,878 per ton), while the average price for exports to Poland ($3,439 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Base Metal Closure Imports in Hungary
In 2022, after three years of growth, there was significant decline in purchases abroad of base metal closures, stoppers, caps and lids, when their volume decreased by -6.6% to 26K tons. Overall, imports, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2021 with an increase of 8.7% against the previous year. As a result, imports attained the peak of 28K tons, and then reduced in the following year.
In value terms, base metal closure imports rose rapidly to $110M in 2022. The total import value increased at an average annual rate of +10.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.
| Import of Base Metal Closure in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 20.3 | 22.4 | 24.6 | 28.4 | 11.8% |
| Italy | 12.3 | 11.7 | 14.1 | 17.4 | 12.3% |
| France | 11.1 | 12.2 | 14.6 | 17.4 | 16.2% |
| Czech Republic | 11.1 | 11.5 | 12.5 | 15.6 | 12.0% |
| Poland | 6.6 | 5.3 | 7.3 | 7.6 | 4.8% |
| Spain | 2.0 | 2.7 | 4.4 | 6.4 | 47.4% |
| Slovakia | 4.4 | 4.9 | 5.6 | 4.7 | 2.2% |
| Ukraine | 0.2 | 0.9 | 1.9 | 3.9 | 169.2% |
| Mexico | 5.4 | 3.6 | 4.0 | N/A | -13.9% |
| Others | 7.4 | 11.3 | 8.9 | 8.4 | 4.3% |
| Total | 80.9 | 86.7 | 97.9 | 110 | 10.8% |
Top Suppliers of Base Metal Closure to Hungary in 2022:
- Germany (6.2K tons)
- Italy (4.9K tons)
- France (4.6K tons)
- Czech Republic (3.4K tons)
- Spain (1.9K tons)
- Poland (1.3K tons)
- Ukraine (1.1K tons)
- Slovakia (0.8K tons)
Base Metal Closure Exports in Hungary
In 2022, after three years of growth, there was decline in shipments abroad of base metal closures, stoppers, caps and lids, when their volume decreased by -1.8% to 17K tons. The total export volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 17%.
In value terms, base metal closure exports soared to $73M in 2022. The total export value increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Base Metal Closure in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 11.8 | 16.8 | 17.6 | 21.9 | 22.9% |
| Germany | 15.4 | 10.8 | 13.1 | 14.7 | -1.5% |
| South Korea | 4.8 | 6.6 | 6.2 | 7.8 | 17.6% |
| France | 4.8 | 5.7 | 5.8 | 7.4 | 15.5% |
| Russia | 1.0 | 0.1 | 0.2 | 3.6 | 53.3% |
| Austria | 2.0 | 1.8 | 2.2 | 2.1 | 1.6% |
| Canada | N/A | N/A | N/A | 1.5 | 0% |
| Netherlands | 0.4 | 2.9 | 2.9 | 1.5 | 55.4% |
| United Kingdom | 2.1 | 2.8 | 1.0 | 1.4 | -12.6% |
| Ukraine | 0.8 | 1.2 | 1.6 | 1.3 | 17.6% |
| Serbia | 0.8 | 1.2 | 1.2 | 1.2 | 14.5% |
| Romania | 2.1 | 1.9 | 0.9 | 1.1 | -19.4% |
| Belgium | 2.6 | 0.2 | 0.5 | 0.6 | -38.7% |
| Others | 11.5 | 5.7 | 5.7 | 7.0 | -15.3% |
| Total | 59.9 | 57.8 | 59.0 | 73.2 | 6.9% |
Top Export Markets for Base Metal Closure from Hungary in 2022:
- Poland (6.4K tons)
- Germany (3.7K tons)
- France (2.2K tons)
- Russia (1.0K tons)
- South Korea (0.6K tons)
- Austria (0.5K tons)
- United Kingdom (0.4K tons)
- Ukraine (0.3K tons)
- Canada (0.3K tons)
- Netherlands (0.3K tons)
- Serbia (0.2K tons)
- Belgium (0.2K tons)
- Romania (0.1K tons)
This report provides an in-depth analysis of the base metal closure 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 25921370 - Base metal closures, stoppers, caps and lids (excluding of lead, crown corks, aluminium closures, stoppers, caps and lids of a diameter > .21 mm)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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