Hungary: Graphite Market 2024

Graphite Market Size in Hungary

In 2021, the Hungarian graphite market increased by 3% to $X, rising for the sixth year in a row after three years of decline. In general, consumption enjoyed a significant increase. Graphite consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Graphite Production in Hungary

In value terms, graphite production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 14%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Graphite Exports

Exports from Hungary

In 2021, approx. X tons of graphite (natural) were exported from Hungary; increasing by 515% against 2020 figures. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 324,555% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, graphite exports skyrocketed to $X in 2021. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2019 with an increase of 663,961% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons), Germany (X tons) and South Korea (X tons) were the main destinations of graphite exports from Hungary, together comprising 99.9% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +78.8%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Russia ($X) and Germany ($X) were the largest markets for graphite exported from Hungary worldwide, together comprising 99.9% of total exports.

In terms of the main countries of destination, Russia, with a CAGR of +82.4%, recorded the highest rates of growth with regard to 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 graphite export price stood at $X per ton in 2021, increasing by 45% against the previous year. In general, the export price, however, saw a deep slump. The most prominent rate of growth was recorded in 2019 an increase of 105%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.0%), while the prices for the other major destinations experienced a decline.

Graphite Imports

Imports into Hungary

For the sixth consecutive year, Hungary recorded growth in supplies from abroad of graphite (natural), which increased by 27% to X tons in 2021. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 1,003% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, graphite imports skyrocketed to $X in 2021. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 2,459%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Japan (X tons) constituted the largest graphite supplier to Hungary, accounting for a 82% share of total imports. Moreover, graphite imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from Japan totaled +387.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+34.6% per year) and Germany (+23.3% per year).

In value terms, Japan ($X) constituted the largest supplier of graphite to Hungary, comprising 81% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to +286.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+32.6% per year) and Germany (+45.5% per year).

Import Prices by Country

The average graphite import price stood at $X per ton in 2021, dropping by -6.1% against the previous year. Overall, the import price, however, showed a moderate expansion. The pace of growth was the most pronounced in 2018 an increase of 132%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+18.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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