Hungary: Propellant Powders Market 2024

Propellant Powders Market Size in Hungary

The Hungarian propellant powders market fell to $X in 2021, waning by -7.9% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Propellant Powders Production in Hungary

In value terms, propellant powders production fell to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 36%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Propellant Powders Exports

Exports from Hungary

In 2019, overseas shipments of propellant powders were finally on the rise to reach X tons for the first time since 2012, thus ending a six-year declining trend. Over the period under review, exports posted a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, propellant powders exports skyrocketed to $X in 2019. Overall, exports, however, recorded a noticeable shrinkage. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for propellant powders exports from Hungary, with a 68% share of total exports. Moreover, propellant powders exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), twofold.

From 2012 to 2019, the average annual rate of growth in terms of volume to Germany stood at +18.7%.

In value terms, Germany ($X) remains the key foreign market for propellant powders exports from Hungary, comprising 90% of total exports. The second position in the ranking was taken by Italy ($X), with a 9.3% share of total exports.

From 2012 to 2019, the average annual growth rate of value to Germany amounted to +6.4%.

Export Prices by Country

In 2019, the average propellant powders export price amounted to $X per ton, shrinking by -4.6% against the previous year. In general, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2019, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy amounted to $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-10.4%).

Propellant Powders Imports

Imports into Hungary

In 2019, supplies from abroad of propellant powders decreased by -52.9% to X tons, falling for the second consecutive year after six years of growth. In general, imports, however, saw a slight increase. The pace of growth was the most pronounced in 2013 when imports increased by 65% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

In value terms, propellant powders imports dropped significantly to $X in 2019. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 92% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2019, imports failed to regain momentum.

Imports by Country

In 2019, the United States (X tons) constituted the largest propellant powders supplier to Hungary, with a 50% share of total imports. Moreover, propellant powders imports from the United States exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), twofold. Serbia (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2019, the average annual rate of growth in terms of volume from the United States totaled +110.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-9.6% per year) and Serbia (-0.9% per year).

In value terms, the United States ($X) constituted the largest supplier of propellant powders to Hungary, comprising 47% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 19% share of total imports. It was followed by Switzerland, with a 13% share.

From 2012 to 2019, the average annual rate of growth in terms of value from the United States amounted to +88.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-10.0% per year) and Switzerland (+42.6% per year).

Import Prices by Country

In 2019, the average propellant powders import price amounted to $X per ton, with an increase of 2.1% against the previous year. Over the period from 2012 to 2019, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2013 an increase of 16%. The import price peaked in 2019 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Switzerland (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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