Hungary: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Hungary

The Hungarian prepared additives for cements market plummeted to $X in 2022, reducing by -43.1% against the previous year. Over the period under review, consumption showed a abrupt setback. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Prepared Additives For Cements, Mortars Or Concretes in Hungary

In value terms, prepared additives for cements production soared to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 163% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Hungary

Prepared additives for cements exports from Hungary expanded markedly to X tons in 2022, picking up by 7% on the previous year's figure. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 74%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, prepared additives for cements exports totaled $X in 2022. Overall, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +16.5% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 76% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Austria (X tons) was the main destination for prepared additives for cements exports from Hungary, with a 54% share of total exports. Moreover, prepared additives for cements exports to Austria exceeded the volume sent to the second major destination, Serbia (X tons), threefold. The third position in this ranking was held by Slovakia (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Austria totaled +59.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+25.4% per year) and Slovakia (+13.2% per year).

In value terms, Austria ($X), Serbia ($X) and Slovakia ($X) were the largest markets for prepared additives for cements exported from Hungary worldwide, together accounting for 80% of total exports.

Among the main countries of destination, Austria, with a CAGR of +52.4%, recorded 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 prepared additives for cements export price stood at $X per ton in 2022, falling by -3% against the previous year. Overall, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of 15%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Austria ($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 Serbia (+2.7%), while the prices for the other major destinations experienced a decline.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Hungary

In 2022, supplies from abroad of prepared additives for cements, mortars or concretes decreased by -22.9% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports, however, recorded a perceptible expansion. The growth pace was the most rapid in 2017 when imports increased by 55%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, prepared additives for cements imports fell to $X in 2022. In general, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by 54% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

Austria (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of prepared additives for cements imports to Hungary, with a combined 86% share of total imports. Serbia, Poland and South Korea lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +26.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared additives for cements suppliers to Hungary were Germany ($X), Austria ($X) and Italy ($X), together accounting for 88% of total imports. Poland, South Korea and Serbia lagged somewhat behind, together comprising a further 6.2%.

In terms of the main suppliers, Serbia, with a CAGR of +14.8%, recorded 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

The average prepared additives for cements import price stood at $X per ton in 2022, picking up by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2016 an increase of 23% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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