Report Update Nov 1, 2024

Hungary - Double or Complex Silicates - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Hungary

The Hungarian double or complex silicates market dropped to $X in 2021, which is down by -10% against the previous year. Overall, consumption, however, recorded a drastic downturn. Double or complex silicates consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Production of Double Or Complex Silicates in Hungary

In value terms, double or complex silicates production shrank to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when the production volume increased by 25% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Double Or Complex Silicates

Exports from Hungary

In 2021, overseas shipments of double or complex silicates decreased by -97.9% to X kg, falling for the second year in a row after three years of growth. Overall, exports recorded a dramatic downturn. The pace of growth was the most pronounced in 2017 with an increase of 51%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, double or complex silicates exports dropped sharply to $X in 2021. Over the period under review, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 31% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X kg) and France (X kg) were the main destinations of double or complex silicates exports from Hungary.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of -50.7%).

In value terms, the largest markets for double or complex silicates exported from Hungary were Romania ($X) and France ($X).

Romania, with a CAGR of -49.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average double or complex silicates export price amounted to $X per ton, surging by 3.1% against the previous year. Over the period under review, the export price showed a prominent expansion. The pace of growth was the most pronounced in 2016 an increase of 96% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Romania stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Double Or Complex Silicates

Imports into Hungary

Double or complex silicates imports into Hungary reduced markedly to X tons in 2021, waning by -46.5% compared with the year before. Over the period under review, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 47%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, double or complex silicates imports fell sharply to $X in 2021. Overall, imports faced a abrupt slump. The pace of growth was the most pronounced in 2017 when imports increased by 45% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), Serbia (X tons) and Slovenia (X tons) were the main suppliers of double or complex silicates imports to Hungary, with a combined 84% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +62.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of double or complex silicates to Hungary, comprising 61% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by Serbia, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to -16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.8% per year) and Serbia (+37.2% per year).

Import Prices by Country

In 2021, the average double or complex silicates import price amounted to $X per ton, falling by -4.3% against the previous year. Overall, the import price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2014 an increase of 34%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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 Belgium ($X per ton), while the price for Serbia ($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 (+23.1%), 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 double or complex silicates in the world?

China remains the largest double or complex silicates consuming country worldwide, accounting for 25% of total volume. Moreover, double or complex silicates consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 9.4% share.

What are the largest producers of double or complex silicates in the world?

China constituted the country with the largest volume of double or complex silicates production, comprising approx. 27% of total volume. Moreover, double or complex silicates production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with an 8.9% share.

What are the leading suppliers of double or complex silicates to Hungary?

In value terms, Italy constituted the largest supplier of double or complex silicates to Hungary, comprising 61% of total imports. The second position in the ranking was occupied by Germany, with a 17% share of total imports. It was followed by Serbia, with a 5.8% share.

What are the leading importers of double or complex silicates from Hungary?

In value terms, the largest markets for double or complex silicates exported from Hungary were Romania and France.

What is the average export price for double or complex silicates in Hungary?

In 2021, the average double or complex silicates export price amounted to $1,374 per ton, with an increase of 14% against the previous year.

What is the average import price for double or complex silicates in Hungary?

The average double or complex silicates import price stood at $2,341 per ton in 2021, falling by -1.9% against the previous year.

This report provides an in-depth analysis of the market for double or complex silicates 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:

Prodcom 20136270 - Double or complex silicates

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