Hungary: Market for Ammonia In Aqueous Solution 2024

Market Size for Ammonia In Aqueous Solution in Hungary

The Hungarian ammonia in aqueous solution market skyrocketed to $X in 2022, jumping by X% against the previous year. In general, consumption posted a prominent increase. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Ammonia In Aqueous Solution in Hungary

In value terms, ammonia in aqueous solution production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Ammonia In Aqueous Solution

Exports from Hungary

Ammonia in aqueous solution exports from Hungary surged to X tons in 2022, picking up by X% compared with 2021 figures. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, ammonia in aqueous solution exports skyrocketed to $X in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Slovakia (X tons), Serbia (X tons) and Slovenia (X tons) were the main destinations of ammonia in aqueous solution exports from Hungary, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ammonia in aqueous solution exported from Hungary were Slovakia ($X), Serbia ($X) and Slovenia ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Serbia, with a CAGR of X%, recorded 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

The average ammonia in aqueous solution export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, saw a mild decrease. The growth pace was the most rapid in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (X%), while the prices for the other major destinations experienced a decline.

Imports of Ammonia In Aqueous Solution

Imports into Hungary

Ammonia in aqueous solution imports into Hungary soared to X tons in 2022, jumping by X% compared with the previous year's figure. Overall, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, ammonia in aqueous solution imports skyrocketed to $X in 2022. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest ammonia in aqueous solution supplier to Hungary, with a X% share of total imports. Moreover, ammonia in aqueous solution imports from Slovakia exceeded the figures recorded by the second-largest supplier, Austria (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Slovakia amounted to X%.

In value terms, Slovakia ($X) constituted the largest supplier of ammonia in aqueous solution to Hungary, comprising X% of total imports. The second position in the ranking was taken by Austria ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Slovakia totaled X%.

Import Prices by Country

In 2022, the average ammonia in aqueous solution import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ammonia in aqueous solution import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then dropped modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($X per ton), while the price for Austria totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (X%).

Source: IndexBox Platform

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