Price for Zinc; Bars, Rods, Profiles and Wire in Hungary - 2023

Contents:

1. Price for Zinc; Bars, Rods, Profiles and Wire in Hungary (CIF) - 2022
2. Price for Zinc; Bars, Rods, Profiles and Wire in Hungary (FOB) - 2022
3. Imports of Zinc; Bars, Rods, Profiles and Wire in Hungary
4. Exports of Zinc; Bars, Rods, Profiles and Wire in Hungary

Price for Zinc; Bars, Rods, Profiles and Wire in Hungary (CIF) - 2022

The average import price for zinc; bars, rods, profiles and wires stood at $5,411 per ton in 2022, increasing by 50% against the previous year. In general, the import price saw buoyant growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 68%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($5,724 per ton) and Finland ($5,415 per ton), while the price for Poland ($5,124 per ton) and the UK ($5,320 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Zinc; Bars, Rods, Profiles and Wire in Hungary (FOB) - 2022

In 2022, the average export price for zinc; bars, rods, profiles and wires amounted to $16,000 per ton, picking up by 328% against the previous year. Overall, the export price enjoyed strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($42,000 per ton), while the average price for exports to Turkey totaled $15,316 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+13.3%), while the prices for the other major destinations experienced a decline.

Imports of Zinc; Bars, Rods, Profiles and Wire in Hungary

For the third year in a row, Hungary recorded decline in purchases abroad of zinc; bars, rods, profiles and wires, which decreased by -61% to 27 tons in 2022. Overall, imports recorded a sharp slump. The smallest decline of -42.9% was in 2020.

In value terms, imports of zinc; bars, rods, profiles and wires contracted markedly to $145K in 2022. Over the period under review, imports faced a sharp decrease.

Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to Hungary in 2022:

1. United Kingdom (22.4 tons)
2. Germany (1.9 tons)
3. Poland (1.2 tons)
4. Finland (1.0 tons)

Exports of Zinc; Bars, Rods, Profiles and Wire in Hungary

In 2022, after three years of growth, there was significant decline in overseas shipments of zinc; bars, rods, profiles and wires, when their volume decreased by 99.9% to 39 kg. Over the period under review, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 211%.

In value terms, exports of zinc; bars, rods, profiles and wires contracted remarkably to $624 in 2022. In general, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 204%.

Top Export Markets for Zinc; Bars, Rods, Profiles and Wire from Hungary in 2022:

1. Turkey (38.0 kg)
2. Croatia (1.0 kg)

Source: IndexBox Market Intelligence Platform