The market for Cold Formed or Folded Not Coated Non Alloy Steel Sections in Hungary showcased fluctuations over the past decade. From 2013 to 2023, the value oscillated with a notable dip in 2020, reaching a low of 15.87 million Euros. However, by 2023, the market recovered to 19.354 million Euros. Particularly, the last two years experienced a rebound with year-on-year growth rates of 9.38% in 2022 and 4.99% in 2023, indicating a gradual market recovery.
The Compound Annual Growth Rate (CAGR) over the last five years stood at 0.9%, reflecting a period of moderate recovery post-2020. The trajectory between 2017 and 2023 shows steadier growth compared to the earlier part of the decade, reflecting adjustments and resilience within the market.
Future trends to watch for include:
- Sustainability initiatives impacting material selection and production processes within the steel industry.
- Technological advancements potentially enhancing material quality and production efficiency.
- Potential market expansion driven by construction projects and infrastructure development in Hungary.
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 489,050,000 | 2023 | +4.07% | +2.46% | View data |
| 2 | 2 Italy | 460,910,000 | 2023 | -9.47% | -3.91% | View data |
| 3 | 3 Netherlands | 174,660,000 | 2023 | +4.76% | +2.83% | View data |
| 4 | 4 Denmark | 35,784,000 | 2023 | +3.89% | +5.86% | View data |
| 5 | 5 Hungary | 19,354,000 | 2023 | +4.99% | +0.9% | |
| 6 | 6 Croatia | 7,287,400 | 2023 | -6.75% | -2.91% | View data |
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