Hungary: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Hungary

In 2021, after two years of decline, there was significant growth in the Hungarian market for liquid or compressed air and distilled or conductivity water, when its value increased by 6.4% to $X. Overall, consumption showed prominent growth. Liquid air and distilled water consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in Hungary

In value terms, liquid air and distilled water production expanded slightly to $X in 2021 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.3% against 2018 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 31%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Hungary

In 2021, after three years of growth, there was significant decline in shipments abroad of liquid or compressed air and distilled or conductivity water, when their volume decreased by -5.9% to X tons. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 100% against the previous year. The exports peaked at X tons in 2020, and then declined in the following year.

In value terms, liquid air and distilled water exports shrank markedly to $X in 2021. In general, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 51% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then dropped markedly in the following year.

Exports by Country

Romania (X tons), Bosnia and Herzegovina (X tons) and Italy (X tons) were the main destinations of liquid air and distilled water exports from Hungary, with a combined 66% share of total exports. These countries were followed by Slovakia, Serbia, Slovenia and Belgium, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +105.7%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for liquid or compressed air and distilled or conductivity water exports from Hungary, comprising 54% of total exports. The second position in the ranking was taken by Slovakia ($X), with an 8.1% share of total exports. It was followed by Romania, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy amounted to +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+18.0% per year) and Romania (+8.5% per year).

Export Prices by Country

In 2021, the average export price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, dropping by -18.8% against the previous year. Over the period under review, the export price faced a abrupt setback. The growth pace was the most rapid in 2013 an increase of 41%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Belgium (+13.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Hungary

After two years of growth, overseas purchases of liquid or compressed air and distilled or conductivity water decreased by -35.5% to X tons in 2021. Overall, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 43%. As a result, imports attained the peak of X tons, and then dropped notably in the following year.

In value terms, liquid air and distilled water imports contracted significantly to $X in 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 43%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of liquid air and distilled water to Hungary, accounting for a 59% share of total imports. Moreover, liquid air and distilled water imports from Germany exceeded the figures recorded by the second-largest supplier, Russia (X tons), eightfold. The third position in this ranking was taken by the United States (X tons), with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +27.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-5.7% per year) and the United States (+11.4% per year).

In value terms, China ($X) constituted the largest supplier of liquid or compressed air and distilled or conductivity water to Hungary, comprising 33% of total imports. The second position in the ranking was taken by the United States ($X), with a 16% share of total imports. It was followed by Sweden, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+15.9% per year) and Sweden (+45.7% per year).

Import Prices by Country

In 2021, the average import price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, dropping by -11.2% against the previous year. Over the period under review, the import price saw a pronounced downturn. The pace of growth appeared the most rapid in 2018 an increase of 40%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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