The market for stainless steel cold-rolled sheet, plate, and wide strip in Hungary has shown a steady increase in volume, reaching 50.077 million kilograms in 2023. Over the last 11 years, there have been notable fluctuations, with significant growth periods observed between 2017 and 2019, and a market contraction in 2020. The last two years saw modest growth in volume, with year-on-year increases of 2.81% in 2022 and 2.68% in 2023. The compound annual growth rate (CAGR) over the past five years stands at 3.05%, reflecting moderate and steady demand expansion.
Future trends to watch for include the potential impact of technological advancements and sustainability trends in material production, regulatory changes in environmental policies, as well as fluctuations in global stainless steel demand that could influence local market dynamics.
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 137,670,000 | 2023 | -1.81% | +0.95% | View data |
| 2 | 2 Czech Republic | 117,330,000 | 2023 | +6.26% | +0.99% | View data |
| 3 | 3 Hungary | 50,077,000 | 2023 | +2.68% | +3.05% | |
| 4 | 4 Denmark | 48,628,000 | 2023 | +1.39% | +2.08% | View data |
| 5 | 5 Estonia | 8,137,700 | 2023 | +3.59% | +8.73% | View data |
