Hungary: Market for Activated Natural Mineral Products 2024

Market Size for Activated Natural Mineral Products in Hungary

The Hungarian activated natural mineral products market rose significantly to $X in 2021, surging by 7.8% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Activated Natural Mineral Products in Hungary

In value terms, activated natural mineral products production reached $X in 2021 estimated in export price. Over the period under review, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 39% against the previous year. Activated natural mineral products production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Activated Natural Mineral Products

Exports from Hungary

In 2021, after two years of decline, there was significant growth in overseas shipments of activated natural mineral products, when their volume increased by 16% to X tons. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 105% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, activated natural mineral products exports skyrocketed to $X in 2021. In general, exports showed buoyant growth. The growth pace was the most rapid in 2017 when exports increased by 131%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tons), Poland (X tons) and Slovakia (X tons) were the main destinations of activated natural mineral products exports from Hungary, with a combined 82% share of total exports. These countries were followed by Austria, the Czech Republic, the UK and the Netherlands, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +873.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for activated natural mineral products exported from Hungary were Germany ($X), Poland ($X) and Slovakia ($X), with a combined 81% share of total exports. Austria, the Czech Republic, the UK and the Netherlands lagged somewhat behind, together accounting for a further 13%.

Among the main countries of destination, the UK, with a CAGR of +567.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average activated natural mineral products export price amounted to $X per ton, rising by 2.5% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 13%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Activated Natural Mineral Products

Imports into Hungary

In 2021, after five years of decline, there was significant growth in purchases abroad of activated natural mineral products, when their volume increased by 6.5% to X tons. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 28% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, activated natural mineral products imports soared to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 63% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Bosnia and Herzegovina (X tons) and Turkey (X tons) were the main suppliers of activated natural mineral products imports to Hungary, with a combined 55% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +17.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of activated natural mineral products to Hungary, comprising 31% of total imports. The second position in the ranking was held by Austria ($X), with a 14% share of total imports. It was followed by France, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-0.2% per year) and France (-9.9% per year).

Import Prices by Country

In 2021, the average activated natural mineral products import price amounted to $X per ton, rising by 21% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 92%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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