Report Update Nov 1, 2024

Hungary - Diammonium Phosphate (DAP) - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Hungary

The Hungarian diammonium phosphate market shrank dramatically to $X in 2022, which is down by -34.9% 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). Over the period under review, consumption showed a slight slump. As a result, consumption attained the peak level of $X, and then shrank markedly in the following year.

Diammonium Phosphate Exports

Exports from Hungary

In 2022, overseas shipments of diammonium phosphate decreased by -50.2% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 352%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, diammonium phosphate exports shrank sharply to $X in 2022. Over the period under review, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2013 with an increase of 324%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Slovakia (X tons) was the main destination for diammonium phosphate exports from Hungary, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia amounted to +10.6%.

In value terms, Slovakia ($X) emerged as the key foreign market for diammonium phosphate exports from Hungary.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovakia totaled +4.2%.

Export Prices by Country

In 2022, the average diammonium phosphate export price amounted to $X per ton, dropping by -11.6% against the previous year. In general, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 29% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Croatia amounted to -2.5% per year.

Diammonium Phosphate Imports

Imports into Hungary

In 2022, the amount of diammonium phosphate imported into Hungary dropped dramatically to X tons, falling by -49.4% on the previous year. In general, imports saw a perceptible shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 53%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, diammonium phosphate imports declined notably to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 115%. As a result, imports reached the peak of $X, and then declined notably in the following year.

Imports by Country

In 2022, Slovenia (X tons) constituted the largest diammonium phosphate supplier to Hungary, accounting for a 33% share of total imports. Moreover, diammonium phosphate imports from Slovenia exceeded the figures recorded by the second-largest supplier, Austria (X tons), twofold. The third position in this ranking was taken by Belgium (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Slovenia amounted to +79.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-5.5% per year) and Belgium (+91.7% per year).

In value terms, Slovenia ($X) constituted the largest supplier of diammonium phosphate to Hungary, comprising 39% of total imports. The second position in the ranking was held by Austria ($X), with a 19% share of total imports. It was followed by Romania, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Slovenia stood at +77.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+0.8% per year) and Romania (+43.4% per year).

Import Prices by Country

The average diammonium phosphate import price stood at $X per ton in 2022, with an increase of 53% against the previous year. In general, the import price posted noticeable growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 68% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for diammonium phosphate in the world?

The countries with the highest volumes of diammonium phosphate consumption in 2021 were China, India and the United States, together comprising 54% of global consumption. Pakistan, Russia, Nigeria, Germany and Mexico lagged somewhat behind, together accounting for a further 16%.

What are the largest producers of diammonium phosphate in the world?

China remains the largest diammonium phosphate producing country worldwide, comprising approx. 36% of total volume. Moreover, diammonium phosphate production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Morocco, with an 8.5% share.

What are the leading suppliers of diammonium phosphate to Hungary?

In value terms, Belgium constituted the largest supplier of diammonium phosphate to Hungary, comprising 47% of total imports. The second position in the ranking was occupied by Slovenia, with a 20% share of total imports. It was followed by Romania, with a 13% share.

What are the leading importers of diammonium phosphate from Hungary?

In value terms, Croatia, Romania and Slovakia constituted the largest markets for diammonium phosphate exported from Hungary worldwide, together accounting for 99% of total exports.

What is the average export price for diammonium phosphate in Hungary?

In 2021, the average diammonium phosphate export price amounted to $457 per ton, jumping by 18% against the previous year.

What is the average import price for diammonium phosphate in Hungary?

In 2021, the average diammonium phosphate import price amounted to $581 per ton, growing by 67% against the previous year.

This report provides an in-depth analysis of the diammonium phosphate market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 4022 -

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023