Hungary: Market for Stainless Steel Seamless Pipe For Oil And Gas 2024

Market Size for Stainless Steel Seamless Pipe For Oil And Gas in Hungary

The Hungarian stainless steel seamless pipe market surged to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a mild expansion. Stainless steel seamless pipe consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports from Hungary

After three years of growth, shipments abroad of stainless steel seamless pipe for oil and gas decreased by X% to X kg in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced dramatically in the following year.

In value terms, stainless steel seamless pipe exports shrank dramatically to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell sharply in the following year.

Exports by Country

Romania (X kg) was the main destination for stainless steel seamless pipe exports from Hungary, with a X% share of total exports. Moreover, stainless steel seamless pipe exports to Romania exceeded the volume sent to the second major destination, the United States (X kg), fivefold. The third position in this ranking was held by Italy (X kg), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Italy (X% per year).

In value terms, Romania ($X) emerged as the key foreign market for stainless steel seamless pipe for oil and gas exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Romania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and the United States (X% per year).

Export Prices by Country

The average stainless steel seamless pipe export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price, however, posted a slight increase. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to the United States ($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 Romania (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports into Hungary

In 2022, the amount of stainless steel seamless pipe for oil and gas imported into Hungary soared to X tons, rising by X% on the year before. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, stainless steel seamless pipe imports surged to $X in 2022. In general, imports enjoyed a pronounced increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest stainless steel seamless pipe supplier to Hungary, with a X% share of total imports. Moreover, stainless steel seamless pipe imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the Netherlands (X% per year).

In value terms, the largest stainless steel seamless pipe suppliers to Hungary were China ($X), Italy ($X) and the Netherlands ($X), with a combined X% share of total imports.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average stainless steel seamless pipe import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price recorded moderate growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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