Hungary: Thiosulphates Market 2024

Thiosulphates Market Size in Hungary

The Hungarian thiosulphates market soared to $X in 2021, with an increase of 34% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a buoyant increase. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Thiosulphates Exports

Exports from Hungary

In 2021, approx. X tons of thiosulphates were exported from Hungary; waning by -38.3% against the previous year. Overall, exports, however, saw mild growth. The pace of growth was the most pronounced in 2014 with an increase of 19,900%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, thiosulphates exports dropped remarkably to $X in 2021. In general, exports, however, continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 20,959% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons), Austria (X tons) and Romania (X kg) were the main destinations of thiosulphates exports from Hungary.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +146.4%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) remains the key foreign market for thiosulphates exports from Hungary, comprising 65% of total exports. The second position in the ranking was held by Austria ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Slovakia amounted to +120.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (0.0% per year) and Romania (+59.4% per year).

Export Prices by Country

The average thiosulphates export price stood at $X per ton in 2021, dropping by -19.2% against the previous year. Overall, the export price, however, showed a slight increase. The growth pace was the most rapid in 2016 an increase of 60% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Austria ($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 Romania (+13.2%), while the prices for the other major destinations experienced mixed trend patterns.

Thiosulphates Imports

Imports into Hungary

Thiosulphates imports into Hungary soared to X tons in 2021, picking up by 21% on the previous year's figure. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 248% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, thiosulphates imports skyrocketed to $X in 2021. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 202%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest thiosulphates supplier to Hungary, accounting for a 87% share of total imports. Moreover, thiosulphates imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +31.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+93.9% per year) and Italy (-24.6% per year).

In value terms, Germany ($X) constituted the largest supplier of thiosulphates to Hungary, comprising 71% of total imports. The second position in the ranking was taken by Austria ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+77.5% per year) and Italy (-19.0% per year).

Import Prices by Country

The average thiosulphates import price stood at $X per ton in 2021, rising by 31% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 99%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained 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 Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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