Hungary: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in Hungary

In 2021, the Hungarian calcium ammonium nitrate (CAN) market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, continues to indicate a noticeable descent. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Calcium Ammonium Nitrate (CAN) in Hungary

In value terms, calcium ammonium nitrate (CAN) production contracted to $X in 2021 estimated in export price. In general, production showed a perceptible reduction. The pace of growth was the most pronounced in 2017 with an increase of 214%. Calcium ammonium nitrate (CAN) production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Calcium Ammonium Nitrate (CAN)

Exports from Hungary

In 2021, exports of calcium ammonium nitrate (CAN) from Hungary contracted to X tons, stabilizing at 2020 figures. Overall, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by 140%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, calcium ammonium nitrate (CAN) exports surged to $X in 2021. Over the period under review, total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +73.2% against 2019 indices. The growth pace was the most rapid in 2014 when exports increased by 99%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons), Slovakia (X tons) and Serbia (X tons) were the main destinations of calcium ammonium nitrate (CAN) exports from Hungary, with a combined 50% share of total exports. Germany, Austria, the Czech Republic, Italy, Poland, Croatia and Slovenia lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +52.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for calcium ammonium nitrate (CAN) exported from Hungary were Romania ($X), Slovakia ($X) and Germany ($X), with a combined 49% share of total exports. These countries were followed by Serbia, Austria, the Czech Republic, Croatia, Italy, Slovenia and Poland, which together accounted for a further 46%.

Italy, with a CAGR of +43.4%, recorded the highest rates of growth with regard to 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

In 2021, the average calcium ammonium nitrate (CAN) export price amounted to $X per ton, growing by 44% against the previous year. Overall, the export price, however, showed a pronounced contraction. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Serbia ($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 Croatia (+1.8%), while the prices for the other major destinations experienced a decline.

Imports of Calcium Ammonium Nitrate (CAN)

Imports into Hungary

In 2021, the amount of calcium ammonium nitrate (CAN) imported into Hungary surged to X tons, growing by 21% compared with the previous year's figure. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +41.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 34% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, calcium ammonium nitrate (CAN) imports soared to $X in 2021. Overall, total imports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +86.0% against 2018 indices. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Slovakia (X tons), Austria (X tons) and Croatia (X tons) were the main suppliers of calcium ammonium nitrate (CAN) imports to Hungary, together accounting for 83% of total imports. Ukraine lagged somewhat behind, accounting for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +26.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Ukraine ($X) and Austria ($X) appeared to be the largest calcium ammonium nitrate (CAN) suppliers to Hungary, with a combined 81% share of total imports.

Ukraine, with a CAGR of +26.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 calcium ammonium nitrate (CAN) import price amounted to $X per ton, jumping by 48% against the previous year. Overall, the import price, however, recorded a deep downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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