The market value for unwrought aluminium in Hungary showed fluctuations from 2013 to 2023, peaking in 2015 at 821.7 million euros before generally declining, with a slight recovery post-2019. The year-on-year trend over the last two years reveals minimal declines, while the compound annual growth rate (CAGR) over the last five years stands at a shrinking -2.33%. As of 2023, the market size is 698.95 million euros.
Future trends to watch for include:
- Potential impact of environmental policies on aluminium production.
- Technological advancements in recycling that could influence supply.
- Fluctuations in global aluminium prices affecting local market dynamics.
- Economic recovery post-COVID potentially increasing demand in industries such as automotive and construction.
How does Hungary rank in Unwrought Aluminium Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 7,204,200,000 | 2023 | -0.58% | -2.67% | View data |
| 2 | 2 Spain | 3,211,200,000 | 2023 | +3.16% | +4.86% | View data |
| 3 | 3 Austria | 2,338,000,000 | 2023 | +3.32% | +1.4% | View data |
| 4 | 4 Czech Republic | 768,900,000 | 2023 | +2.58% | +1.24% | View data |
| 5 | 5 Hungary | 698,950,000 | 2023 | -0.98% | -2.33% | |
| 6 | 6 Bulgaria | 383,810,000 | 2023 | +2.81% | +3.13% | View data |
| 7 | 7 Denmark | 219,920,000 | 2023 | +2.45% | +0.66% | View data |
