Between 2013 and 2023, the market size volume of Steel Forged Bars and Non-Alloy Steel Hot-Rolled Bars in Hungary fluctuated significantly, reaching 113.2 million kilograms in 2023. The initial years showed growth, with notable increases in 2014 and 2015. However, 2020 marked a significant drop due to external factors, followed by recovery in 2021. The market expanded by 16.01% in 2022 and maintained an upward trend with an 8.18% increase in 2023. The CAGR over the last five years averaged 2.71%, highlighting moderate growth.
Looking forward, factors that may impact future trends include developments in the automotive and construction sectors, potential economic fluctuations, and regulatory changes in the steel industry. Monitoring these will be crucial for predicting market direction.
| # | 6 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,145,300,000 | 2023 | -2% | -2.18% | View data |
| 2 | 2 France | 420,150,000 | 2023 | +0.45% | -0.0066% | View data |
| 3 | 3 Czech Republic | 231,440,000 | 2023 | +0.71% | -0.83% | View data |
| 4 | 4 Hungary | 113,200,000 | 2023 | +8.18% | +2.71% | |
| 5 | 5 Denmark | 87,421,000 | 2023 | +0.44% | +0.18% | View data |
| 6 | 6 Finland | 41,068,000 | 2023 | -2.51% | -3.59% | View data |
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