Hungary: Rare Gases Market 2024

Rare Gases Market Size in Hungary

The Hungarian rare gases market was finally on the rise to reach $X in 2022, after two years of decline. In general, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -17.8% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Rare Gases Production in Hungary

In value terms, rare gases production rose slightly to $X in 2022 estimated in export price. Overall, production enjoyed resilient growth. The growth pace was the most rapid in 2017 with an increase of 23%. Rare gases production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Rare Gases Exports

Exports from Hungary

In 2022, after two years of growth, there was significant decline in shipments abroad of rare gases (excluding argon), when their volume decreased by -8.1% to X cubic meters. Overall, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 121%. As a result, the exports attained the peak of X cubic meters, and then contracted in the following year.

In value terms, rare gases exports contracted to $X in 2022. In general, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +20.9% against 2018 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 77%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

The Czech Republic (X cubic meters), Romania (X cubic meters) and Germany (X cubic meters) were the main destinations of rare gases exports from Hungary, with a combined 70% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +86.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the key foreign market for rare gases (excluding argon) exports from Hungary, comprising 40% of total exports. The second position in the ranking was taken by Romania ($X), with a 20% share of total exports. It was followed by Austria, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic totaled +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+8.7% per year) and Austria (+7.6% per year).

Export Prices by Country

The average rare gases export price stood at $X per cubic meter in 2022, approximately equating the previous year. Over the period under review, the export price, however, continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2013 an increase of 81% against the previous year. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per cubic meter), while the average price for exports to Germany ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+1.6%), while the prices for the other major destinations experienced a decline.

Rare Gases Imports

Imports into Hungary

In 2022, approx. X cubic meters of rare gases (excluding argon) were imported into Hungary; picking up by 3.1% compared with the year before. In general, imports, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2013 with an increase of 33%. As a result, imports attained the peak of X cubic meters. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, rare gases imports declined modestly to $X in 2022. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.7% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 47% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X cubic meters) constituted the largest rare gases supplier to Hungary, accounting for a 69% share of total imports. Moreover, rare gases imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X cubic meters), fivefold. The third position in this ranking was taken by Italy (X cubic meters), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+7.0% per year) and Italy (-0.8% per year).

In value terms, Germany ($X) constituted the largest supplier of rare gases (excluding argon) to Hungary, comprising 70% of total imports. The second position in the ranking was taken by Austria ($X), with a 16% share of total imports. It was followed by the Czech Republic, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+9.2% per year) and the Czech Republic (+73.2% per year).

Import Prices by Country

The average rare gases import price stood at $X per cubic meter in 2022, dropping by -6.7% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rare gases import price increased by +44.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 40% against the previous year. The import price peaked at $X per cubic meter in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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