Hungary: Market for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals 2024

Market Size for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals in Hungary

In 2021, after three years of growth, there was significant decline in the Hungarian market for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals, when its value decreased by -16.8% to $X. Overall, consumption saw a relatively flat trend pattern. Consumption of peaked at $X in 2020, and then shrank remarkably in the following year.

Exports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Exports from Hungary

For the third year in a row, Hungary recorded decline in shipments abroad of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals, which decreased by -99.9% to X kg in 2021. Over the period under review, exports recorded a sharp curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 73%. Over the period under review, the exports of attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals reduced rapidly to $X in 2021. In general, exports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 87%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Serbia (X kg) was the main destination for exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals from Hungary, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Serbia totaled -25.2%.

In value terms, Serbia ($X) also remains the key foreign market for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals exports from Hungary.

From 2012 to 2021, the average annual growth rate of value to Serbia amounted to -29.9%.

Export Prices by Country

In 2021, the average export price for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals amounted to $X per ton, reducing by -44.7% against the previous year. In general, the export price saw a abrupt decrease. The growth pace was the most rapid in 2017 an increase of 80%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Serbia.

From 2012 to 2021, the rate of growth in terms of prices for Iraq amounted to +105.6% per year.

Imports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Imports into Hungary

For the third consecutive year, Hungary recorded decline in overseas purchases of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals, which decreased by -27.8% to X tons in 2021. Over the period under review, imports recorded a noticeable decrease. The growth pace was the most rapid in 2018 when imports increased by 53%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals fell to $X in 2021. In general, imports continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2019 when imports increased by 38%. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of chlorides and phosphorus oxychloride and halides to Hungary, accounting for a 52% share of total imports. Moreover, imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals from Germany exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-2.3% per year) and Italy (+50.3% per year).

In value terms, Germany ($X) constituted the largest supplier of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals to Hungary, comprising 60% of total imports. The second position in the ranking was held by Poland ($X), with a 6.7% share of total imports. It was followed by Belgium, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+2.6% per year) and Belgium (-1.3% per year).

Import Prices by Country

The average import price for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals stood at $X per ton in 2021, surging by 25% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals increased by +95.2% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 42% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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