Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hungary - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hungary (FOB) - 2023
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hungary (CIF) - 2023
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hungary
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hungary
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hungary (FOB) - 2023
In October 2023, the average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $3,419 per ton, reducing by -25.2% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 24% m-o-m. As a result, the export price attained the peak level of $4,572 per ton, and then fell notably in the following month.
Average prices varied noticeably for the major export markets. In October 2023, the country with the highest price was North Macedonia ($3,423 per ton), while the average price for exports to Turkey stood at $3,364 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hungary (CIF) - 2023
The average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $2,892 per ton in August 2023, reducing by -42.8% against the previous month. In general, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 98% against the previous month. As a result, import price reached the peak level of $5,901 per ton. From July 2023 to August 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($5,939 per ton), while the price for the Netherlands ($2,656 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.5%), while the prices for the other major suppliers experienced a decline.
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hungary
Exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms from Hungary reduced notably to 5.6K tons in 2022, which is down by -17.5% against the previous year's figure. The total export volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 45%. As a result, the exports attained the peak of 6.7K tons, and then fell notably in the following year.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms reached $21M in 2022. In general, exports, however, showed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 93% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 3.7 | 3.2 | 6.2 | 5.5 | 14.1% |
| Germany | 2.6 | 1.6 | 3.4 | 2.8 | 2.5% |
| Austria | 1.7 | 1.8 | 2.7 | 2.6 | 15.2% |
| Czech Republic | 0.8 | 1.3 | 2.2 | 2.5 | 46.2% |
| Italy | 0.8 | 0.3 | 2.5 | 2.4 | 44.2% |
| Romania | 0.3 | 0.7 | 0.5 | 1.4 | 67.1% |
| Slovenia | 0.8 | 0.9 | 1.9 | 1.2 | 14.5% |
| Bosnia and Herzegovina | 0.4 | 0.5 | 0.6 | 1.0 | 35.7% |
| North Macedonia | 0.3 | 0.1 | 0.4 | 0.9 | 44.2% |
| Poland | 0.4 | 0.1 | 0.4 | 0.5 | 7.7% |
| Others | 0.5 | 0.3 | 0.2 | 0.6 | 6.3% |
| Total | 12.3 | 10.9 | 21.0 | 21.2 | 19.9% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from Hungary in 2022:
- Slovakia (1514.7 tons)
- Austria (726.4 tons)
- Italy (657.5 tons)
- Germany (620.1 tons)
- Czech Republic (557.8 tons)
- Romania (371.3 tons)
- Slovenia (314.6 tons)
- Bosnia and Herzegovina (263.4 tons)
- North Macedonia (251.0 tons)
- Poland (140.7 tons)
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hungary
In 2022, the amount of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms imported into Hungary skyrocketed to 572 tons, growing by 21% on the previous year. The total import volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms surged to $2.7M in 2022. In general, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,005 | 602 | 1,018 | 1,267 | 8.0% |
| Italy | 353 | 341 | 377 | 674 | 24.1% |
| Spain | 21.7 | 176 | 258 | 384 | 160.6% |
| Germany | 148 | 119 | 124 | 185 | 7.7% |
| Russia | N/A | N/A | 5.0 | 84.5 | 1590.0% |
| Slovakia | N/A | 17.6 | 0.9 | 75.9 | 107.7% |
| Poland | 55.3 | 19.5 | 24.2 | 46.2 | -5.8% |
| Others | 9.3 | 10.5 | 67.3 | 22.2 | 33.6% |
| Total | 1,593 | 1,286 | 1,874 | 2,738 | 19.8% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Hungary in 2022:
- Netherlands (223.9 tons)
- Italy (190.1 tons)
- Spain (69.2 tons)
- Germany (33.3 tons)
- Slovakia (21.0 tons)
- Russia (20.9 tons)
- Poland (8.7 tons)
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