Hungary: Lysine Market 2024

Lysine Market Size in Hungary

In 2022, the Hungarian lysine market increased by 23% to $X, rising for the third consecutive year after four years of decline. Over the period under review, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +84.9% against 2019 indices. Lysine consumption peaked in 2022 and is likely to continue growth in years to come.

Lysine Production in Hungary

In value terms, lysine production surged to $X in 2022 estimated in export price. Overall, the total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -12.3% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 98%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Lysine Exports

Exports from Hungary

Lysine exports from Hungary reduced to X tons in 2022, declining by -6.7% compared with the year before. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 272% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, lysine exports surged to $X in 2022. In general, exports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2020 when exports increased by 277% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Romania (X tons) was the main destination for lysine exports from Hungary, with a 77% share of total exports. Moreover, lysine exports to Romania exceeded the volume sent to the second major destination, Poland (X tons), eightfold. The third position in this ranking was held by Italy (X tons), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania amounted to +37.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+25.8% per year) and Italy (+8.3% per year).

In value terms, Romania ($X) remains the key foreign market for lysine and its esters, and salts thereof exports from Hungary, comprising 76% of total exports. The second position in the ranking was taken by Poland ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania totaled +37.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+27.4% per year) and the Netherlands (+135.1% per year).

Export Prices by Country

In 2022, the average lysine export price amounted to $X per ton, picking up by 38% against the previous year. Over the period under review, the export price posted a mild expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 68%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Italy ($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 Netherlands (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Lysine Imports

Imports into Hungary

In 2022, the amount of lysine and its esters, and salts thereof imported into Hungary reduced to X tons, with a decrease of -10.5% against the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 24% against the previous year. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, lysine imports rose significantly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Lithuania (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of lysine imports to Hungary, together comprising 55% of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +45.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lysine suppliers to Hungary were Lithuania ($X), the Netherlands ($X) and Belgium ($X), with a combined 52% share of total imports.

Belgium, with a CAGR of +40.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average lysine import price amounted to $X per ton, picking up by 26% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 34% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($X per ton) and France ($X per ton), while the price for the Netherlands ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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