Hungary: Ether Market 2024

Ether Market Size in Hungary

The Hungarian ether market declined remarkably to $X in 2022, waning by -22.8% against the previous year. Overall, consumption, however, showed measured growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Ether Production in Hungary

In value terms, ether production dropped slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 124%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Ether Exports

Exports from Hungary

In 2022, ether exports from Hungary dropped remarkably to X tons, which is down by -27.2% on the previous year's figure. In general, exports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 71% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, ether exports shrank significantly to $X in 2022. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 59% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Croatia (X tons) was the main destination for ether exports from Hungary, with a 54% share of total exports. Moreover, ether exports to Croatia exceeded the volume sent to the second major destination, Romania (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Croatia stood at +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+113.4% per year) and Germany (+56.3% per year).

In value terms, Romania ($X), Croatia ($X) and the Czech Republic ($X) constituted the largest markets for ether exported from Hungary worldwide, with a combined 88% share of total exports.

The Czech Republic, with a CAGR of +182.5%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average ether export price amounted to $X per ton, falling by -3.5% against the previous year. Over the period under review, the export price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23% 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Germany ($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 the Czech Republic (+4.1%), while the prices for the other major destinations experienced a decline.

Ether Imports

Imports into Hungary

In 2022, after two years of growth, there was significant decline in supplies from abroad of ethers, when their volume decreased by -8.2% to X tons. Overall, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +13.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 30%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, ether imports shrank to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 63%. As a result, imports attained the peak of $X, and then contracted modestly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest ether supplier to Hungary, accounting for a 51% share of total imports. Moreover, ether imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+4.8% per year) and the Netherlands (+6.1% per year).

In value terms, Germany ($X), Belgium ($X) and the Netherlands ($X) constituted the largest ether suppliers to Hungary, with a combined 67% share of total imports. Italy, the Czech Republic, Austria and Turkey lagged somewhat behind, together comprising a further 15%.

The Czech Republic, with a CAGR of +18.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ether import price stood at $X per ton in 2022, increasing by 6.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 45%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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