Hungary: Dicalcium Phosphate Market 2024

Dicalcium Phosphate Market Size in Hungary

The Hungarian dicalcium phosphate market fell sharply to $X in 2021, which is down by -31.9% 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). In general, consumption showed a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Dicalcium Phosphate Exports

Exports from Hungary

Dicalcium phosphate exports from Hungary declined remarkably to X tons in 2021, which is down by -26.9% on 2020. Over the period under review, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2013 with an increase of 2,696% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, dicalcium phosphate exports declined to $X in 2021. In general, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2013 when exports increased by 1,670%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Croatia (X tons), the Czech Republic (X tons) and Slovakia (X tons) were the main destinations of dicalcium phosphate exports from Hungary, with a combined 83% share of total exports. Bulgaria, Serbia and Germany lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +87.9%), while the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X) remains the key foreign market for calcium hydrogenorthophosphate (dicalcium phosphate) exports from Hungary, comprising 62% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 13% share of total exports. It was followed by Slovakia, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value to Croatia stood at +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+92.0% per year) and Slovakia (+4.8% per year).

Export Prices by Country

In 2021, the average dicalcium phosphate export price amounted to $X per ton, picking up by 24% against the previous year. In general, the export price saw a tangible increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 153%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to the Czech Republic ($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 Germany (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Dicalcium Phosphate Imports

Imports into Hungary

In 2021, the amount of calcium hydrogenorthophosphate (dicalcium phosphate) imported into Hungary dropped dramatically to X tons, which is down by -34% against 2020. In general, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 196% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, dicalcium phosphate imports dropped rapidly to $X in 2021. Overall, imports recorded a noticeable descent. The growth pace was the most rapid in 2013 with an increase of 113%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and China (X tons) were the main suppliers of dicalcium phosphate imports to Hungary, together comprising 87% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +75.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) were the largest dicalcium phosphate suppliers to Hungary, together accounting for 94% of total imports.

In terms of the main suppliers, China, with a CAGR of +78.3%, recorded the highest growth rate of 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 dicalcium phosphate import price amounted to $X per ton, with an increase of 11% against the previous year. Overall, the import price recorded strong growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 116% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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 ($X per ton), while the price for Italy ($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 (+32.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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