The Hungarian steel tubes, pipes, hollow profiles, and related fittings manufacturing market witnessed significant growth from 2013 to 2023, with its market size reaching 469 million Euros in 2023, reflecting a 6.9% increase from the previous year. Over the past decade, the market expanded considerably, despite a decline in 2020 due to global uncertainties. Over the last five years, the market reported a compound annual growth rate (CAGR) of 3.69%, indicating a moderate growth trajectory post-2020 recovery.
Future trends to watch include potential impacts from technological advancements in manufacturing, the adoption of sustainability practices, and fluctuations in global steel prices that may influence cost structures and competitiveness in international markets.
How does Hungary rank in Steel Tubes, Pipes, Hollow Profiles and Related Fittings Manufacturing Market Size Value?
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,096,400,000 | 2023 | +2.54% | +2.62% | View data |
| 2 | 2 France | 2,195,900,000 | 2023 | +1.15% | +0.038% | View data |
| 3 | 3 Spain | 1,255,600,000 | 2023 | +3.38% | +3.52% | View data |
| 4 | 4 Poland | 743,540,000 | 2023 | -11.06% | -9.72% | View data |
| 5 | 5 Belgium | 527,320,000 | 2023 | +5.24% | +5.8% | View data |
| 6 | 6 Hungary | 469,000,000 | 2023 | +6.9% | +3.69% | |
| 7 | 7 Croatia | 144,520,000 | 2023 | -0.66% | -0.99% | View data |
| 8 | 8 Lithuania | 141,210,000 | 2023 | +4.11% | +3.29% | View data |
