Hungary: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Hungary

The Hungarian barium or aluminium sulphates market reached $X in 2022, growing by 2.2% against the previous year. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 -3.2% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Sulphates Of Barium Or Aluminium in Hungary

In value terms, barium or aluminium sulphates production stood at $X in 2022 estimated in export price. In general, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.0% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 135% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Sulphates Of Barium Or Aluminium

Exports from Hungary

In 2021, approx. X tons of sulphates of barium or aluminium were exported from Hungary; with an increase of 2.4% compared with 2020 figures. In general, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 1,744% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, barium or aluminium sulphates exports declined notably to $X in 2021. Overall, exports, however, showed a dramatic descent. The pace of growth appeared the most rapid in 2014 with an increase of 805% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for barium or aluminium sulphates exports from Hungary, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled +110.0%.

In value terms, the Netherlands ($X) also remains the key foreign market for sulphates of barium or aluminium exports from Hungary.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled +71.4%.

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2021, which is down by -29.6% against the previous year. In general, the export price continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2018 when the average export price increased by 19% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2021, the rate of growth in terms of prices for Croatia amounted to +1.9% per year.

Imports of Sulphates Of Barium Or Aluminium

Imports into Hungary

Barium or aluminium sulphates imports into Hungary declined to X tons in 2022, with a decrease of -9.9% on the year before. Over the period under review, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of 582%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, barium or aluminium sulphates imports rose rapidly to $X in 2022. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 384% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of barium or aluminium sulphates to Hungary, with a 79% share of total imports. Moreover, barium or aluminium sulphates imports from Germany exceeded the figures recorded by the second-largest supplier, Romania (X tons), sixfold. The Czech Republic (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (-30.4% per year) and the Czech Republic (-5.8% per year).

In value terms, Germany ($X) constituted the largest supplier of sulphates of barium or aluminium to Hungary, comprising 75% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 6.8% share of total imports. It was followed by Romania, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+1.0% per year) and Romania (-29.3% per year).

Import Prices by Country

In 2022, the average barium or aluminium sulphates import price amounted to $X per ton, picking up by 17% against the previous year. In general, the import price posted a remarkable increase. The pace of growth was the most pronounced in 2014 an increase of 107% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Italy ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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