Hungary: Ammonium Chloride Market 2024

Ammonium Chloride Market Size in Hungary

In 2021, after two years of growth, there was significant decline in the Hungarian ammonium chloride market, when its value decreased by -8.3% to $X. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +15.2% against 2017 indices. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Ammonium Chloride Exports

Exports from Hungary

In 2021, shipments abroad of ammonium chloride increased by 197% to X tons, rising for the third consecutive year after two years of decline. In general, exports posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ammonium chloride exports surged to $X in 2021. Overall, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 442% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons) was the main destination for ammonium chloride exports from Hungary, accounting for a 39% share of total exports. Moreover, ammonium chloride exports to Poland exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was held by Russia (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland stood at +64.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.0% per year) and Russia (+4.5% per year).

In value terms, Russia ($X), Germany ($X) and Poland ($X) appeared to be the largest markets for ammonium chloride exported from Hungary worldwide, together comprising 81% of total exports.

Poland, with a CAGR of +58.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ammonium chloride export price stood at $X per ton in 2021, with a decrease of -43.2% against the previous year. Over the period under review, the export price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 88%. As a result, the export price attained the peak level of $X per ton, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Slovenia ($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 Russia (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ammonium Chloride Imports

Imports into Hungary

For the third year in a row, Hungary recorded growth in purchases abroad of ammonium chloride, which increased by 19% to X tons in 2021. Over the period under review, imports continue to indicate temperate growth. The growth pace was the most rapid in 2016 when imports increased by 59% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, ammonium chloride imports surged to $X in 2021. Overall, imports recorded buoyant growth. The pace of growth was the most pronounced in 2020 when imports increased by 46%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of ammonium chloride imports to Hungary, together comprising 81% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +222.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) appeared to be the largest ammonium chloride suppliers to Hungary, with a combined 78% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of +298.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ammonium chloride import price amounted to $X per ton, surging by 1.7% against the previous year. In general, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ammonium chloride import price increased by +50.2% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 26%. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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