The Hungarian market for non-alloy steel flat-rolled products of at least 600 mm in width, not further worked than cold-rolled, has seen fluctuating patterns over the past decade. The volume stood at 488.21 million kilograms in 2023, marking a decline over consecutive years since 2018, with the most recent year-on-year decline being 2.86% from 2022. The compound annual growth rate (CAGR) over the last five years has been negative, at -2.37%, indicating a contraction trend.
Future trends to watch for:
- Potential for market stabilization or recovery based on economic policies and global steel demand.
- Technological advancements enhancing production efficiency.
- Impact of environmental regulations on production and market dynamics.
- Resilience factors, like adaptability to new market needs and potential diversification.
How does Hungary rank in Non-Alloy Steel Flat-Rolled Products at Least 600 Mm in Width Not Further Worked than Cold-Rolled Market Size Volume?
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 2,193,400,000 | 2023 | -2.4% | -2.35% | View data |
| 2 | 2 Spain | 1,651,100,000 | 2023 | +0.2% | +0.06% | View data |
| 3 | 3 Poland | 1,171,400,000 | 2023 | +1.55% | +0.63% | View data |
| 4 | 4 Czech Republic | 637,260,000 | 2023 | +2.07% | +2.32% | View data |
| 5 | 5 Hungary | 488,210,000 | 2023 | -2.86% | -2.37% | |
| 6 | 6 Portugal | 159,390,000 | 2023 | +1.69% | -2.95% | View data |
| 7 | 7 Ireland | 14,980,000 | 2023 | +2.1% | +2.82% | View data |
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