Report Update Nov 1, 2024

Hungary - Prepared Explosives - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Explosives Market 2024

Explosives Market Size in Hungary

After four years of growth, the Hungarian explosives market decreased by -7.5% to $X in 2021. Over the period under review, consumption, however, showed a mild expansion. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Explosives Production in Hungary

In value terms, explosives production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 21%. Explosives production peaked at $X in 2020, and then dropped in the following year.

Explosives Exports

Exports from Hungary

After three years of growth, overseas shipments of prepared explosives decreased by -15.2% to X tons in 2019. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 196%. Over the period under review, the exports attained the maximum at X tons in 2018, and then fell dramatically in the following year.

In value terms, explosives exports dropped remarkably to $X in 2019. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2014 with an increase of 296% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018, and then shrank significantly in the following year.

Exports by Country

Austria (X tons) was the main destination for explosives exports from Hungary, with a 72% share of total exports. Moreover, explosives exports to Austria exceeded the volume sent to the second major destination, the United States (X tons), threefold.

From 2012 to 2019, the average annual growth rate of volume to Austria stood at +37.8%.

In value terms, Austria ($X) remains the key foreign market for prepared explosives exports from Hungary, comprising 67% of total exports. The second position in the ranking was held by the United States ($X), with a 33% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of value to Austria totaled +29.2%.

Export Prices by Country

The average explosives export price stood at $X per ton in 2019, declining by -35% against the previous year. Over the period under review, the export price continues to indicate a perceptible decrease. The growth pace was the most rapid in 2014 when the average export price increased by 67%. The export price peaked at $X per ton in 2018, and then contracted sharply in the following year.

Average prices varied somewhat for the major external markets. In 2019, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Austria totaled $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-1.3%).

Explosives Imports

Imports into Hungary

After two years of growth, supplies from abroad of prepared explosives decreased by -55.4% to X tons in 2019. In general, imports showed a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 243%. Imports peaked at X tons in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

In value terms, explosives imports dropped notably to $X in 2019. Over the period under review, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of 54% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2019, imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons), Romania (X tons) and Serbia (X tons) were the main suppliers of explosives imports to Hungary, with a combined 97% share of total imports.

From 2012 to 2019, the biggest increases were recorded for Serbia (with a CAGR of +71,140.0%), while purchases for the other leaders experienced a decline.

In value terms, the largest explosives suppliers to Hungary were the United States ($X), Serbia ($X) and the Czech Republic ($X), with a combined 93% share of total imports.

Serbia, with a CAGR of +64,992.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2019, the average explosives import price amounted to $X per ton, increasing by 74% against the previous year. In general, the import price continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 151% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2019, the average import prices remained at a lower figure.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Slovakia (+28.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for prepared explosives in the world?

The countries with the highest volumes of explosives consumption in 2020 were China, Norway and the United States, with a combined 41% share of global consumption.

What are the largest producers of prepared explosives in the world?

The countries with the highest volumes of explosives production in 2020 were China, Norway and the United States, with a combined 42% share of global production.

What are the leading suppliers of prepared explosives to Hungary?

In value terms, the United States, Serbia and the Czech Republic appeared to be the largest explosives suppliers to Hungary, with a combined 93% share of total imports.

What are the leading importers of prepared explosives from Hungary?

In value terms, Austria remains the key foreign market for explosives exports from Hungary, comprising 67% of total exports. The second position in the ranking was occupied by the United States, with a 33% share of total exports.

What is the average export price for prepared explosives in Hungary?

In 2019, the average explosives export price amounted to $560 per ton, dropping by -48.2% against the previous year.

What is the average import price for prepared explosives in Hungary?

In 2019, the average explosives import price amounted to $4,203 per ton, increasing by 72% against the previous year.

This report provides an in-depth analysis of the explosives market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20511150 - Prepared explosives (excluding propellant powders)

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023