Price for Stainless Steel in Ingots or Other Primary Forms in Hungary - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Hungary (CIF) - 2023
- Price for Stainless Steel in Ingots or Other Primary Forms in Hungary (FOB) - 2023
- Imports of Stainless Steel in Ingots or Other Primary Forms in Hungary
- Exports of Stainless Steel in Ingots or Other Primary Forms in Hungary
Price for Stainless Steel in Ingots or Other Primary Forms in Hungary (CIF) - 2023
The average import price for stainless steel in ingots or other primary forms stood at $7,206 per ton in August 2023, jumping by 287% against the previous month. Overall, the import price continues to indicate a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was China ($16,970 per ton), while the price for the UK stood at $8,485 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by China (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Stainless Steel in Ingots or Other Primary Forms in Hungary (FOB) - 2023
In August 2023, the average export price for stainless steel in ingots or other primary forms amounted to $19,125 per ton, rising by 24% against the previous month. In general, the export price enjoyed measured growth. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 51% m-o-m. The export price peaked at $23,813 per ton in May 2023; however, from June 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Kazakhstan ($94,533 per ton), while the average price for exports to Switzerland totaled $12,639 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+30.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel in Ingots or Other Primary Forms in Hungary
After three years of growth, overseas purchases of stainless steel in ingots or other primary forms decreased by -9.8% to 2.8K tons in 2022. In general, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 1,148%.
In value terms, imports of stainless steel in ingots or other primary forms amounted to $6.7M in 2022. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 126% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Stainless Steel in Ingots or Other Primary Forms in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.8 | 2.2 | 3.2 | 3.7 | 9.7% |
| Austria | 0.1 | 0.2 | 2.7 | 2.7 | 200.0% |
| Italy | 0.1 | 0.3 | 0.3 | 0.1 | 0.0% |
| Others | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| Total | 3.1 | 2.9 | 6.6 | 6.7 | 29.3% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Hungary in 2022:
- Austria (2009.4 tons)
- Germany (730.5 tons)
- Italy (12.3 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Hungary
In 2022, shipments abroad of stainless steel in ingots or other primary forms decreased by -19.2% to 255 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 320%. As a result, the exports attained the peak of 398 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of stainless steel in ingots or other primary forms dropped modestly to $3.4M in 2022. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 0.3% against the previous year.
| Export of Stainless Steel in Ingots or Other Primary Forms in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.5 | 2.3 | 2.3 | 2.1 | -5.6% |
| Austria | 0.8 | 0.7 | 0.7 | 0.8 | 0.0% |
| Switzerland | 0.5 | 0.3 | 0.4 | 0.2 | -26.3% |
| Croatia | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.4 | 0.2 | 0.1 | 0.2 | -20.6% |
| Total | 4.2 | 3.5 | 3.5 | 3.4 | -6.8% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Hungary in 2022:
- Germany (168.6 tons)
- Austria (55.3 tons)
- Switzerland (7.2 tons)
- Croatia (5.9 tons)
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