Key Market Indicators
Hungary's non-ferrous metal export is projected to maintain a steady level, reaching approximately 448,000 metric tons by 2028, up slightly from 448,000 metric tons in 2023. This represents a negligible compound annual growth rate (CAGR) of 0%. Since the year 2000, Hungary's supply of non-ferrous metals has seen a slight decline, averaging a 1% decrease year on year. In the global ranking for 2023, Hungary occupied the 25th position, trailing Slovakia, which matched Hungary's export volume of 448,000 metric tons. Leading the ranking were Spain, France, and the Netherlands, securing the second, third, and fourth positions respectively. Conversely, Hungary's non-ferrous metal import is forecasted to grow. By 2028, imports are expected to reach around 972,000 metric tons, up from approximately 889,000 metric tons in 2023. This reflects an average annual growth rate of 1.4%. Despite this growth, Hungary's demand for non-ferrous metals has shown a slight downward trend since 2000, declining by an average of 0.9% per year. In 2023, Hungary ranked 23rd in terms of import volume, with Switzerland surpassing it with the same import figure of 889,000 metric tons. Spain, France, and Norway held the second, third, and fourth spots in the import ranking, respectively.
