The unwrought aluminum market in Hungary has shown a declining trend from 2013 to 2023, with the market volume reducing from 346.1 million kilograms in 2013 to 213.77 million kilograms by 2023. The compound annual growth rate (CAGR) over the last five years was -5.6%, indicating a consistent contraction. Notably, year-on-year variations highlight a negative trend, particularly in recent years, such as a 3.56% decrease from 2022 to 2023.
Future trends to watch for include potential stabilization or modest recovery in global aluminum demand, shifts in domestic and international policies impacting trade, and significant technological advancements in sustainable aluminum production processes. These factors could influence the trajectory of the Hungarian market. Additionally, monitoring macroeconomic conditions that could affect industrial activities in Hungary will be essential for future projections of unwrought aluminum demand.
How does Hungary rank in Unwrought Aluminium Market Size Volume?
| # | 15 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,356,600,000 | 2023 | +0.42% | -1.99% | View data |
| 2 | 2 Italy | 2,112,500,000 | 2023 | +1.72% | -0.34% | View data |
| 3 | 3 Spain | 1,141,300,000 | 2023 | +2.83% | +1.71% | View data |
| 4 | 4 France | 870,150,000 | 2023 | +0.27% | -0.18% | View data |
| 5 | 5 Poland | 831,750,000 | 2023 | +4.51% | +0.72% | View data |
| 7 | 7 Czech Republic | 246,950,000 | 2023 | +1.68% | -1.11% | View data |
| 8 | 8 Netherlands | 227,970,000 | 2023 | +0.13% | +2.26% | View data |
| 9 | 9 Hungary | 213,770,000 | 2023 | -3.56% | -5.6% | |
| 10 | 10 Croatia | 185,800,000 | 2023 | +7.69% | +10.47% | View data |
| 11 | 11 Portugal | 180,950,000 | 2023 | +4.26% | +4.51% | View data |
