Report Update Apr 1, 2024

Hungary - Copper - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Copper Market 2024

Copper Market Size in Hungary

In 2022, the Hungarian copper market increased by 15% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a perceptible slump. Copper consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Copper Exports

Exports from Hungary

In 2022, after four years of growth, there was significant decline in overseas shipments of copper, when their volume decreased by -17.6% to X tons. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 432,729% against the previous year. The exports peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, copper exports rose modestly to $X in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 79,336% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for copper exports from Hungary, accounting for a 63% share of total exports. Moreover, copper exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +161.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+51.3% per year) and Spain (+12.8% per year).

In value terms, Germany ($X) remains the key foreign market for copper exports from Hungary, comprising 63% of total exports. The second position in the ranking was taken by Poland ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +139.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+25.6% per year) and Spain (+4.0% per year).

Export Prices by Country

In 2022, the average copper export price amounted to $X per ton, jumping by 26% against the previous year. Overall, the export price, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2017 when the average export price increased by 134,417%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-7.8%), while the prices for the other major destinations experienced a decline.

Copper Imports

Imports into Hungary

In 2022, supplies from abroad of copper increased by 48% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports posted a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 233% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, copper imports expanded significantly to $X in 2022. Overall, imports, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 169% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of copper to Hungary, accounting for a 74% share of total imports. Moreover, copper imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+130.3% per year) and Spain (+122.6% per year).

In value terms, Germany ($X) constituted the largest supplier of copper to Hungary, comprising 81% of total imports. The second position in the ranking was held by Poland ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+99.0% per year) and Spain (+91.9% per year).

Import Prices by Country

The average copper import price stood at $X per ton in 2022, waning by -23.1% against the previous year. Over the period under review, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of 23%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-7.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for copper in the world?

The countries with the highest volumes of consumption in 2022 were Chile, China and Peru, together comprising 49% of global consumption. Democratic Republic of the Congo, the United States, Australia, Russia, Indonesia, Canada, Mexico, Kazakhstan, Mongolia and Brazil lagged somewhat behind, together accounting for a further 36%.

What are the largest producers of copper in the world?

Chile constituted the country with the largest volume of copper production, accounting for 27% of total volume. Moreover, copper production in Chile exceeded the figures recorded by the second-largest producer, Peru, threefold. The third position in this ranking was held by China, with an 8% share.

What are the leading suppliers of copper to Hungary?

In value terms, Germany constituted the largest supplier of copper to Hungary, comprising 81% of total imports. The second position in the ranking was held by Poland, with a 15% share of total imports.

What are the leading importers of copper from Hungary?

In value terms, Germany remains the key foreign market for copper exports from Hungary, comprising 63% of total exports. The second position in the ranking was held by Poland, with a 28% share of total exports.

What is the average export price for copper in Hungary?

In 2022, the average copper export price amounted to $97,475 per ton, surging by 26% against the previous year.

What is the average import price for copper in Hungary?

The average copper import price stood at $5,775 per ton in 2022, with a decrease of -23.1% against the previous year.

This report provides an in-depth analysis of the copper 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 24441200 - Unrefined copper, copper anodes for electrolytic refining (including blister copper) (excluding electrocopper-plating, e lectroplating anodes)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023