The Hungarian market for Stainless Steel Cold-Rolled Sheet, Plate, and Wide Strip at least 600 mm in width has grown consistently over the decade, rising from 81.784 million euros in 2013 to 165.36 million euros in 2023. The market saw a significant spike in 2017, with a year-on-year growth of 35.16%, slowing to a more steady increase from 2021 onward. The last five-year Compound Annual Growth Rate (CAGR) stood at 3.1%, indicating moderate stable growth.
Looking ahead, trends to watch include:
- Potential acceleration in growth due to increasing industrial demand.
- Possible fluctuations in raw material prices affecting production costs.
- The impact of technological advancements in manufacturing processes.
- Shifts in trade policies and their effects on import-export dynamics.
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 678,190,000 | 2023 | +7.43% | +2.28% | View data |
| 2 | 2 Czech Republic | 321,690,000 | 2023 | +2.09% | +0.53% | View data |
| 3 | 3 Denmark | 199,610,000 | 2023 | +6.39% | +4.71% | View data |
| 4 | 4 Hungary | 165,360,000 | 2023 | +4.45% | +3.1% | |
| 5 | 5 Estonia | 17,336,000 | 2023 | +3.12% | -0.037% | View data |
