The Hungarian market for stainless steel flat-rolled products at least 600 mm in width, not further worked than cold-rolled, showed a steady volume increase from 28.083 million kilograms in 2013 to 50.077 million kilograms in 2023. A decline of 14.42% was observed in 2020, followed by significant rebounds in 2021 with a 24.04% increase. In the five years leading to 2023, the market experienced an average annual growth rate (CAGR) of 3.05%. This trend indicates a resilient and stable market performance post-pandemic, sustaining minor fluctuations since 2021.
Future trends to watch for include the potential impact of technological advances in manufacturing, potential shifts towards more sustainable production processes, and any changes in trade policies or supply chain dependencies that could influence market dynamics and growth rates beyond 2024.
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 137,670,000 | 2023 | -1.81% | +0.95% | View data |
| 2 | 2 Czech Republic | 117,330,000 | 2023 | +6.26% | +0.99% | View data |
| 3 | 3 Hungary | 50,077,000 | 2023 | +2.68% | +3.05% | |
| 4 | 4 Denmark | 48,628,000 | 2023 | +1.39% | +2.08% | View data |
| 5 | 5 Estonia | 8,137,700 | 2023 | +3.59% | +8.73% | View data |
