Hungary: Complex Fluorine Salts Market 2024

Complex Fluorine Salts Market Size in Hungary

The Hungarian complex fluorine salts market skyrocketed to $X in 2021, surging by 29% against the previous year. Over the period under review, consumption showed resilient growth. Complex fluorine salts consumption peaked in 2021 and is expected to retain growth in years to come.

Complex Fluorine Salts Production in Hungary

In value terms, complex fluorine salts production contracted slightly to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 26%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Complex Fluorine Salts Exports

Exports from Hungary

After two years of decline, overseas shipments of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts increased by 33% to X tons in 2021. Over the period under review, exports, however, recorded a pronounced shrinkage. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, complex fluorine salts exports skyrocketed to $X in 2021. In general, exports, however, recorded a noticeable descent. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), South Korea (X tons) and Poland (X tons) were the main destinations of complex fluorine salts exports from Hungary, together comprising 42% of total exports. These countries were followed by the United States, Slovenia, Italy, the Czech Republic, Japan, the Netherlands, Spain and Taiwan (Chinese), which together accounted for a further 46%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +64.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), South Korea ($X) and Poland ($X) appeared to be the largest markets for complex fluorine salts exported from Hungary worldwide, with a combined 41% share of total exports. The United States, the Czech Republic, Italy, Slovenia, Japan, Spain, the Netherlands and Taiwan (Chinese) lagged somewhat behind, together comprising a further 46%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +61.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average complex fluorine salts export price stood at $X per ton in 2021, standing approx. at the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2014 an increase of 12% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Japan ($X per ton), while the average price for exports to Slovenia ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Complex Fluorine Salts Imports

Imports into Hungary

After two years of decline, overseas purchases of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts increased by 269% to X tons in 2021. Overall, imports continue to indicate a pronounced expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, complex fluorine salts imports soared to $X in 2021. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Russia (X tons) and South Korea (X tons) were the main suppliers of complex fluorine salts imports to Hungary, with a combined 95% share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +540.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts to Hungary, comprising 77% of total imports. The second position in the ranking was held by South Korea ($X), with a 16% share of total imports. It was followed by Russia, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +105.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+503.3% per year) and Russia (-0.9% per year).

Import Prices by Country

In 2021, the average complex fluorine salts import price amounted to $X per ton, jumping by 251% against the previous year. Over the period under review, the import price enjoyed significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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