The Casting of Steel market in Hungary reached a volume of 1.2626 million kilograms in 2023. The market has seen fluctuations with a notable peak in 2014 and a significant downturn in 2020. The year-on-year variation from 2022 to 2023 was a decline of 0.68%, following a slight drop in the prior year. Over the last five years, the compound annual growth rate (CAGR) indicates a small decline of 0.96% annually.
Future trends to watch for:
- Potential recovery in the demand for steel casting linked to industrial rebound post-pandemic.
- The impact of environmental regulations on steel production and the shift towards sustainable methods.
- Growing innovation and digitalization in casting processes aiming to enhance efficiency.
How does Hungary rank in Casting of Steel Market Size Volume?
| # | 13 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 100,790,000 | 2023 | -0.12% | +0.2% | View data |
| 2 | 2 Spain | 80,018,000 | 2023 | +2.09% | +1.5% | View data |
| 3 | 3 Italy | 77,311,000 | 2023 | -1.52% | -2.69% | View data |
| 4 | 4 France | 52,605,000 | 2023 | -2.33% | -2.8% | View data |
| 5 | 5 Czech Republic | 33,254,000 | 2023 | -3.83% | -3.95% | View data |
| 10 | 10 Portugal | 4,857,800 | 2023 | -0.52% | -0.81% | View data |
| 11 | 11 Slovakia | 2,511,900 | 2023 | +1.87% | +2.22% | View data |
| 12 | 12 Hungary | 1,262,600 | 2023 | -0.68% | -0.96% | |
| 13 | 13 Denmark | 1,179,700 | 2023 | -1.81% | -1.9% | View data |
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