Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Hungary - 2023

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Hungary (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Hungary (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Hungary
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Hungary

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Hungary (CIF) - 2022

The average import price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $0.5 per unit in 2022, waning by -27.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 382% against the previous year. The import price peaked at $3.1 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Japan ($11 per unit), while the price for Slovakia ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Hungary (FOB) - 2022

The average export price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $0.2 per unit in 2022, with an increase of 3% against the previous year. Over the period under review, the export price, however, faced a deep setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 121% against the previous year. As a result, the export price reached the peak level of $2.3 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($2.5 per unit), while the average price for exports to Israel (less than $0.1 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 Serbia (+12.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Hungary

In 2022, imports of millstones, grindstones, grinding wheels and the like; of natural stones into Hungary reduced slightly to 89K units, approximately reflecting 2021. Over the period under review, imports showed a sharp slump. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones attained the peak figure at 333K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones shrank notably to $46K in 2022. In general, imports faced a precipitous descent. The smallest decline of -26.6% was in 2021. Imports peaked at $347K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Hungary in 2022:

1. China (51.2K units)
2. Turkey (10.9K units)
3. Netherlands (10.6K units)
4. Germany (5.9K units)
5. United States (4.7K units)
6. Italy (3.2K units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Hungary

In 2022, exports of millstones, grindstones, grinding wheels and the like; of natural stones from Hungary surged to 70K units, growing by 57% compared with the year before. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.7% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones skyrocketed to $13K in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +5.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Hungary in 2022:

1. Israel (28.7K units)
2. United States (25.8K units)
3. Greece (12.3K units)
4. Bulgaria (2.0K units)

Source: IndexBox Market Intelligence Platform