Hungary: Quicklime Market 2024

Quicklime Market Size in Hungary

The Hungarian quicklime market contracted to $X in 2022, waning by -12.8% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Quicklime consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Quicklime Production in Hungary

In value terms, quicklime production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 3.4% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Quicklime Exports

Exports from Hungary

After three years of growth, shipments abroad of quicklime decreased by -60.5% to X tons in 2022. Over the period under review, exports showed a abrupt descent. The growth pace was the most rapid in 2016 with an increase of 271% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, quicklime exports declined significantly to $X in 2022. Overall, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2016 when exports increased by 249%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons) was the main destination for quicklime exports from Hungary, with a 72% share of total exports. Moreover, quicklime exports to Slovakia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), sixfold. Austria (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume to Slovakia amounted to -10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+38.4% per year) and Austria (+13.7% per year).

In value terms, Slovakia ($X) emerged as the key foreign market for quicklime exports from Hungary, comprising 76% of total exports. The second position in the ranking was taken by Austria ($X), with a 10% share of total exports. It was followed by Slovenia, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value to Slovakia totaled -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+24.9% per year) and Slovenia (+225.7% per year).

Export Prices by Country

The average quicklime export price stood at $X per ton in 2022, rising by 99% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Austria (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Quicklime Imports

Imports into Hungary

In 2022, quicklime imports into Hungary reduced remarkably to X tons, shrinking by -38.2% on the year before. Over the period under review, imports, however, recorded slight growth. The most prominent rate of growth was recorded in 2019 when imports increased by 73%. Imports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, quicklime imports fell markedly to $X in 2022. Overall, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2019 when imports increased by 74%. Imports peaked at $X in 2021, and then plummeted in the following year.

Imports by Country

Slovakia (X tons), Austria (X tons) and Croatia (X tons) were the main suppliers of quicklime imports to Hungary, together comprising 91% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +95.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Austria ($X) and Croatia ($X) appeared to be the largest quicklime suppliers to Hungary, with a combined 88% share of total imports.

Among the main suppliers, Croatia, with a CAGR of +126.5%, saw the highest growth rate of 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 quicklime import price amounted to $X per ton, jumping by 28% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, quicklime import price increased by +70.8% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the Czech Republic ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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