Hungary: Coal Market 2024

Coal Market Size in Hungary

The Hungarian coal market dropped slightly to $X.6B in 2022, approximately equating the previous year. Overall, consumption, however, saw a noticeable slump. As a result, consumption attained the peak level of $X.9B. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Coal Production in Hungary

In value terms, coal production reduced rapidly to $X.9B in 2022 estimated in export price. Over the period under review, production, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X,992%. Coal production peaked at $X.1B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Coal Exports

Exports from Hungary

In 2022, shipments abroad of coal decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, coal exports contracted remarkably to $X in 2022. In general, exports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons), Ukraine (X tons) and North Macedonia (X tons) were the main destinations of coal exports from Hungary, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by North Macedonia (with a CAGR of X.9%), while the other leaders experienced mixed trend patterns.

In value terms, Slovakia ($X), Ukraine ($X) and Bosnia and Herzegovina ($X) appeared to be the largest markets for coal exported from Hungary worldwide, with a combined X% share of total exports. These countries were followed by North Macedonia, which accounted for a further X%.

North Macedonia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average coal export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced mixed trend patterns.

Coal Imports

Imports into Hungary

In 2022, the amount of coal imported into Hungary surged to X tons, growing by X% on 2021. Overall, imports, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, coal imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest coal supplier to Hungary, accounting for a X% share of total imports. Moreover, coal imports from the United States exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), fourfold. The third position in this ranking was taken by the Czech Republic (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and the Czech Republic (X% per year).

In value terms, the United States ($X) constituted the largest supplier of coal to Hungary, comprising X% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total imports. It was followed by Ukraine, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Ukraine (X% per year).

Import Prices by Country

The average coal import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coal import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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