Iron or steel reservoirs and tanks with capacity >300 l market in Hungary

Earlier Report Observations

From 2018 to 2021, the Hungarian market for iron or steel reservoirs and tanks showed notable fluctuations. The market volume in physical terms declined by 9.8% in 2019 to 12,892 tons, then surged by 41.9% in 2020 to 18,299 tons, and grew a further 13.6% in 2021 to 20,782 tons. In value terms, the market increased by 6.5% in 2019 to 67.3 million USD and by 33.5% in 2020 to 89.8 million USD, before contracting by 23.2% in 2021 to 69.0 million USD. This dynamic was influenced by regulatory shifts and industry competitiveness. The tightening of rules for fuel tank installation in 2019, demanding higher stability and environmental protection, spurred demand for compliant tanks. Continued emphasis on safety standards for hazardous material storage in 2020 supported market growth. In 2021, pressure from high energy costs and global market distortions affecting the steel industry contributed to the decline in market value despite rising physical volume.

For the period after 2021, while comprehensive market size data is unavailable, trade flows indicate market adjustments. Imports rose from 5,370 tons in 2021 to a high of 8,159 tons in 2023 before falling to 4,249 tons in 2025, while exports peaked in 2022. A key development was the introduction of Regulation 7/2022 (I. 25.) SZTFH, which enforced new safety requirements for filling stations and tanks, including specifications for platform materials and pipelines. This regulatory change prompted upgrades to tank fleets. Concurrently, manufacturers advanced product offerings, such as seamless plastic tanks and chemical-resistant models, to meet evolving demands for safety and environmental compliance.

Production iron or steel reservoirs and tanks with capacity >300 l in Hungary

In value, 2018-2021, K $ US

In 2021, Hungary's output of iron or steel reservoirs and tanks with a capacity exceeding 300 liters was valued at 99,287 thousand US dollars, marking a 7.2% increase compared to the previous year. The lowest value in this period was recorded in 2020 at 92,637 thousand US dollars, which also saw the largest decline of 6.5%.

Annual dynamics of production in Hungary in value, 2018-2021, K $ US

In kind, 2018-2021, t

In 2021, Hungary produced 24,415 tons of iron or steel reservoirs and tanks with a capacity over 300 liters, representing a 5.7% rise from 2020. Over the period from 2018 to 2021, production grew by 3.7%, averaging an annualized rate of 1.2%. The minimum production level was in 2020 at 23,109 tons, while the peak was in 2019 with 24,473 tons. The most significant drop occurred in 2020, at 5.6%.

Annual dynamics of production in Hungary in kind, 2018-2021, t

Exports iron or steel reservoirs and tanks with capacity >300 l from Hungary

Exports in kind, t

Hungary's export volume of iron or steel reservoirs and tanks with a capacity exceeding 300 liters fell for the second year in a row. In 2021, exports totaled 9,003 tons, reflecting a sharp decline of 20.9% from the previous year. From 2018 to 2021, exports decreased by 30.9%, with a compound annual growth rate of -11.6%. The highest export volume was in 2019 at 16,378 tons, with the largest drop of 30.5% in 2020 and the biggest increase of 25.7% in 2019.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, t

Between 2018 and 2021, the top destinations for Hungary's exports of iron or steel reservoirs and tanks with a capacity over 300 liters were Germany, accounting for 29.8% of exports, Bulgaria with 12.2%, and Austria at 12.1%. Together, these three countries represented 54.1% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Hungary in kind, 2018-2021

Exports in value, K $ US

In 2021, Hungary exported iron or steel reservoirs and tanks with a capacity over 300 liters worth 51,491 thousand US dollars, up 13.7% year-over-year. From 2018 to 2021, export value increased by 4.4%, averaging an annualized growth of 1.5%. The lowest value was in 2020 at 45,284 thousand US dollars, while the peak was in 2019 at 58,976 thousand US dollars. The largest decline of 23.2% occurred in 2020, and the biggest increase of 19.6% was in 2019.

Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US

From 2018 to 2021, Germany was the leading market for Hungary's exports in value terms, comprising 43.8% of total exports, followed by Austria at 9.9% and the United Kingdom at 6.2%. These three countries together accounted for 60.0% of export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Hungary in value, 2018-2021

Imports iron or steel reservoirs and tanks with capacity >300 l to Hungary

Imports in kind, t

After two years of growth, Hungary's imports of iron or steel reservoirs and tanks with a capacity over 300 liters declined. In 2021, imports amounted to 5,370 tons, down 18.3% from the previous year. Over the 2018-2021 period, imports increased by 41.8%, with an annualized rate of 12.4%. The highest import volume was in 2020 at 6,572 tons, which also saw the largest increase of 37.0%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, t

Between 2018 and 2021, Spain, Turkey, and Italy were the main sources for Hungary's imports of iron or steel reservoirs and tanks with a capacity exceeding 300 liters, together making up 52.9% of total import volume.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Hungary in kind, 2018-2021

Imports in value, K $ US

The market showed an unstable trend over the period. Imports reached their lowest point in 2018 and peaked in 2020, with a 2.8-fold difference between these years. In 2021, deliveries of iron or steel reservoirs and tanks with a capacity over 300 liters to Hungary totaled 21,176 thousand US dollars, a 50.1% decrease year-over-year. The maximum value was recorded in 2020 at 42,440 thousand US dollars, and the largest increase of 79.5% occurred in 2019.

Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US

From 2018 to 2021, no single market dominated Hungary's imports in value terms for iron or steel reservoirs and tanks with a capacity over 300 liters. South Korea led with 18.6% of imports, followed by Spain at 14.3% and Italy at 10.5%. Together, these three countries accounted for 43.5% of total import value, with many smaller partners holding modest individual shares.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Hungary in value, 2018-2021