Hungary: Oxides Of Boron Market 2025

Oxides Of Boron Market Size in Hungary

The Hungarian oxides of boron market was estimated at $X in 2022, increasing by 14% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Oxides Of Boron Exports

Exports from Hungary

After three years of growth, shipments abroad of oxides of boron, boric acids and inorganic acids decreased by -36.3% to X tons in 2022. In general, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 135% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, oxides of boron exports contracted sharply to $X in 2022. Over the period under review, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by 100%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons), Germany (X tons) and the United States (X tons) were the main destinations of oxides of boron exports from Hungary, together accounting for 64% of total exports. The Czech Republic, Italy, Slovakia and France lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +55.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oxides of boron exported from Hungary were Germany ($X), the United States ($X) and Romania ($X), with a combined 77% share of total exports. Italy, the Czech Republic, Slovakia and France lagged somewhat behind, together comprising a further 18%.

Among the main countries of destination, the Czech Republic, with a CAGR of +54.8%, 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 oxides of boron export price stood at $X per ton in 2022, increasing by 25% against the previous year. Over the period under review, the export price, however, showed a noticeable curtailment. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 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 United States ($X per ton), while the average price for exports to France ($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 Slovakia (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides Of Boron Imports

Imports into Hungary

In 2022, approx. X tons of oxides of boron, boric acids and inorganic acids were imported into Hungary; falling by -20.4% compared with the year before. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 11% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, oxides of boron imports soared to $X in 2022. In general, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Indonesia (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of oxides of boron imports to Hungary, with a combined 54% share of total imports. Serbia, the United States, the Netherlands, Italy, the Czech Republic and Bulgaria lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +84.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oxides of boron suppliers to Hungary were Germany ($X), Indonesia ($X) and Serbia ($X), together accounting for 46% of total imports.

In terms of the main suppliers, Indonesia, with a CAGR of +113.3%, saw the highest rates of growth with regard to the value of imports, 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 oxides of boron import price amounted to $X per ton, jumping by 54% against the previous year. Over the period under review, the import price posted resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+44.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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