Hungary: Market for Iron Or Steel Doors, Thresholds For Doors And Windows 2024

Market Size for Iron Or Steel Doors, Thresholds For Doors And Windows in Hungary

In 2022, after six years of growth, there was significant decline in the Hungarian market for iron or steel doors, thresholds for doors and windows, when its value decreased by -14.3% to $X. In general, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2021, and then fell in the following year.

Production of Iron Or Steel Doors, Thresholds For Doors And Windows in Hungary

In value terms, production of iron or steel doors, thresholds for doors and windows fell to $X in 2022 estimated in export price. Over the period under review, production recorded a slight reduction. The pace of growth was the most pronounced in 2019 when the production volume increased by 27%. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

Exports of Iron Or Steel Doors, Thresholds For Doors And Windows

Exports from Hungary

In 2022, shipments abroad of iron or steel doors, thresholds for doors and windows increased by 4.4% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports saw a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by 92% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, exports of iron or steel doors, thresholds for doors and windows contracted modestly to $X in 2022. In general, total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

The Netherlands (X units), Slovakia (X units) and Switzerland (X units) were the main destinations of exports of iron or steel doors, thresholds for doors and windows from Hungary, with a combined 74% share of total exports. These countries were followed by Croatia, Germany, Sweden, Romania and Austria, which together accounted for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +120.0%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for iron or steel doors, thresholds for doors and windows exports from Hungary, comprising 57% of total exports. The second position in the ranking was held by Slovakia ($X), with a 12% share of total exports. It was followed by Romania, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+12.4% per year) and Romania (+35.2% per year).

Export Prices by Country

The average export price for iron or steel doors, thresholds for doors and windows stood at $X per unit in 2022, which is down by -5.2% against the previous year. Over the period under review, the export price saw a pronounced downturn. The growth pace was the most rapid in 2019 an increase of 20% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Doors, Thresholds For Doors And Windows

Imports into Hungary

In 2022, purchases abroad of iron or steel doors, thresholds for doors and windows decreased by -12.1% to X units, falling for the third consecutive year after three years of growth. Overall, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 62% against the previous year. Over the period under review, imports of attained the maximum at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of iron or steel doors, thresholds for doors and windows contracted to $X in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 34% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest iron or steel window and door supplier to Hungary, with a 42% share of total imports. Moreover, imports of iron or steel doors, thresholds for doors and windows from Germany exceeded the figures recorded by the second-largest supplier, Austria (X units), threefold. Poland (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+4.7% per year) and Poland (+20.6% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel doors, thresholds for doors and windows to Hungary, comprising 45% of total imports. The second position in the ranking was taken by Poland ($X), with a 15% share of total imports. It was followed by Austria, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+28.2% per year) and Austria (+7.4% per year).

Import Prices by Country

The average import price for iron or steel doors, thresholds for doors and windows stood at $X per unit in 2022, picking up by 3.1% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 44%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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