Report Update Nov 1, 2024

Hungary - Silicon Dioxide - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Hungary

The Hungarian silicon dioxide market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption continues to indicate prominent growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Silicon Dioxide Exports

Exports from Hungary

In 2021, overseas shipments of silicon dioxide decreased by -22.8% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 78%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, silicon dioxide exports declined to $X in 2021. Over the period under review, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 37%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Montenegro (X tons) was the main destination for silicon dioxide exports from Hungary, accounting for a 43% share of total exports. Moreover, silicon dioxide exports to Montenegro exceeded the volume sent to the second major destination, Serbia (X tons), twofold. The third position in this ranking was held by Romania (X tons), with a 6% share.

From 2012 to 2021, the average annual growth rate of volume to Montenegro amounted to +128.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+3.5% per year) and Romania (+28.1% per year).

In value terms, Serbia ($X), Montenegro ($X) and Russia ($X) were the largest markets for silicon dioxide exported from Hungary worldwide, with a combined 59% share of total exports.

Montenegro, with a CAGR of +158.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average silicon dioxide export price amounted to $X per ton, growing by 19% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Russia ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Silicon Dioxide Imports

Imports into Hungary

Silicon dioxide imports into Hungary reached X tons in 2021, approximately mirroring 2020 figures. Over the period under review, imports saw a strong increase. The growth pace was the most rapid in 2015 with an increase of 85% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, silicon dioxide imports expanded remarkably to $X in 2021. In general, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 51%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and the Netherlands (X tons) were the main suppliers of silicon dioxide imports to Hungary, together accounting for 72% of total imports. These countries were followed by Belgium, Poland, Turkey, Spain and China, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +250.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest silicon dioxide suppliers to Hungary were Germany ($X), Italy ($X) and the Netherlands ($X), together comprising 66% of total imports. These countries were followed by Belgium, Poland, Turkey, Spain and China, which together accounted for a further 27%.

Among the main suppliers, Turkey, with a CAGR of +216.2%, 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 2021, the average silicon dioxide import price amounted to $X per ton, surging by 12% against the previous year. Overall, the import price, however, recorded a noticeable slump. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silicon dioxide in the world?

The countries with the highest volumes of silicon dioxide consumption in 2021 were China, the United States and India, with a combined 40% share of global consumption. Japan, Brazil, Qatar, Indonesia, Belgium, the UK, Taiwan Chinese), Turkey, South Korea and Canada lagged somewhat behind, together comprising a further 31%.

What are the largest producers of silicon dioxide in the world?

The country with the largest volume of silicon dioxide production was China, comprising approx. 31% of total volume. Moreover, silicon dioxide production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with an 8.8% share.

What are the leading suppliers of silicon dioxide to Hungary?

In value terms, Germany, Italy and the Netherlands constituted the largest silicon dioxide suppliers to Hungary, together accounting for 66% of total imports. These countries were followed by Belgium, Poland, Turkey and Spain, which together accounted for a further 25%.

What are the leading importers of silicon dioxide from Hungary?

In value terms, Serbia, Montenegro and Romania constituted the largest markets for silicon dioxide exported from Hungary worldwide, with a combined 59% share of total exports.

What is the average export price for silicon dioxide in Hungary?

The average silicon dioxide export price stood at $3,479 per ton in 2021, surging by 18% against the previous year.

What is the average import price for silicon dioxide in Hungary?

The average silicon dioxide import price stood at $1,556 per ton in 2021, surging by 12% against the previous year.

This report provides an in-depth analysis of the silicon dioxide 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 20132475 - Silicon dioxide

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