Hungary: Calcium Carbonate Market 2024

Calcium Carbonate Market Size in Hungary

The Hungarian calcium carbonate market skyrocketed to $X in 2021, with an increase of 73% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Calcium Carbonate Exports

Exports from Hungary

In 2021, the amount of calcium carbonate exported from Hungary shrank rapidly to X tons, falling by -75.1% compared with the year before. Over the period under review, exports recorded a sharp decrease. The pace of growth was the most pronounced in 2020 with an increase of 212% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, calcium carbonate exports fell notably to $X in 2021. Overall, exports continue to indicate a precipitous slump. The growth pace was the most rapid in 2020 when exports increased by 85%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons), Serbia (X tons) and Romania (X kg) were the main destinations of calcium carbonate exports from Hungary, together accounting for 44% of total exports. France, Switzerland, Slovakia, Germany and Lithuania lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +123.1%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Czech Republic ($X) and Romania ($X) appeared to be the largest markets for calcium carbonate exported from Hungary worldwide, with a combined 79% share of total exports.

Among the main countries of destination, the Czech Republic, with a CAGR of +133.0%, 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 calcium carbonate export price stood at $X per ton in 2021, increasing by 184% against the previous year. Over the period under review, the export price continues to indicate prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 France ($X per ton), while the average price for exports to Switzerland ($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 Czech Republic (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Calcium Carbonate Imports

Imports into Hungary

In 2021, purchases abroad of calcium carbonate increased by 98% to X tons, rising for the fifth year in a row after three years of decline. Overall, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, calcium carbonate imports skyrocketed to $X in 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +9.8% 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 +102.7% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Austria (X tons) constituted the largest calcium carbonate supplier to Hungary, accounting for a 68% share of total imports. Moreover, calcium carbonate imports from Austria exceeded the figures recorded by the second-largest supplier, Romania (X tons), sixfold. The third position in this ranking was held by Italy (X tons), with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume from Austria totaled +38.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+28.3% per year) and Italy (+2.1% per year).

In value terms, the largest calcium carbonate suppliers to Hungary were Austria ($X), Germany ($X) and the United States ($X), together accounting for 68% of total imports.

In terms of the main suppliers, the United States, with a CAGR of +73.3%, 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

The average calcium carbonate import price stood at $X per ton in 2021, waning by -26.7% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2013 when the average import price increased by 17%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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 Belgium ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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