Hungary: Market for Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates 2024

Market Size for Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates in Hungary

The Hungarian chlorates, bromates and iodates market reduced to $X in 2021, waning by -7.3% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Production of Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates in Hungary

In value terms, chlorates, bromates and iodates production declined rapidly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +35.9% against 2019 indices. The growth pace was the most rapid in 2020 when the production volume increased by 72% against the previous year. As a result, production reached the peak level of $X, and then dropped markedly in the following year.

Exports of Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates

Exports from Hungary

Chlorates, bromates and iodates exports from Hungary shrank notably to X tons in 2021, dropping by -36.8% against the previous year. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 7,660%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, chlorates, bromates and iodates exports contracted modestly to $X in 2021. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 7,587%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), France (X tons) and Italy (X tons) were the main destinations of chlorates, bromates and iodates exports from Hungary, with a combined 83% share of total exports. The UK and Germany lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +29.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for chlorates and perchlorates, bromates and perbromates, iodates and periodates exports from Hungary, comprising 48% of total exports. The second position in the ranking was held by Italy ($X), with an 18% share of total exports. It was followed by France, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-5.5% per year) and France (+5.8% per year).

Export Prices by Country

In 2021, the average chlorates, bromates and iodates export price amounted to $X per ton, increasing by 58% against the previous year. In general, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 366% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

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 Germany ($X per ton), while the average price for exports to France ($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 (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates

Imports into Hungary

In 2021, overseas purchases of chlorates and perchlorates, bromates and perbromates, iodates and periodates increased by 175% to X tons, rising for the third year in a row after six years of decline. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 836% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, chlorates, bromates and iodates imports skyrocketed to $X in 2021. In general, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 175%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) was the main supplier of chlorates, bromates and iodates to Hungary, with a 95% share of total imports. It was followed by China (X tons), with a 3% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.3% per year) and Sweden (+1.0% per year).

In value terms, Germany ($X) constituted the largest supplier of chlorates and perchlorates, bromates and perbromates, iodates and periodates to Hungary, comprising 91% of total imports. The second position in the ranking was held by China ($X), with a 2.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.3% per year) and Sweden (-5.5% per year).

Import Prices by Country

In 2021, the average chlorates, bromates and iodates import price amounted to $X per ton, declining by -11.7% against the previous year. Overall, the import price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 78% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 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 Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :