Hungary - Argon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArgon Price in Hungary - 2023
Contents:
- Argon Price in Hungary (CIF) - 2023
- Argon Price in Hungary (FOB) - 2022
- Argon Imports in Hungary
- Argon Exports in Hungary
Argon Price in Hungary (CIF) - 2023
In June 2023, the average argon import price amounted to $1.1 per cubic meter, standing approximately at the previous month. Overall, import price indicated a pronounced expansion from June 2022 to June 2023: its price increased at an average monthly rate of +4.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, argon import price decreased by -6.8% against April 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 26% month-to-month. Over the period under review, average import prices hit record highs at $1.2 per cubic meter in April 2023; however, from May 2023 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($3.4 per cubic meter), while the price for Germany ($996 per thousand cubic meters) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Serbia (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Argon Price in Hungary (FOB) - 2022
The average argon export price stood at $4.5 per cubic meter in 2022, approximately reflecting the previous year. In general, the export price, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2018 an increase of 174%. The export price peaked at $4.6 per cubic meter in 2021, and then declined slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($53 per cubic meter), while the average price for exports to Italy ($0.5 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 the UK (+33.6%), while the prices for the other major destinations experienced more modest paces of growth.
Argon Imports in Hungary
Argon imports into Hungary dropped remarkably to 8.7M cubic meters in 2022, reducing by -28.3% compared with the previous year's figure. Over the period under review, imports showed a deep downturn. The growth pace was the most rapid in 2021 with an increase of 1.2%. Over the period under review, imports attained the maximum at 12M cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, argon imports shrank sharply to $5.5M in 2022. Overall, imports showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 5.9% against the previous year. As a result, imports reached the peak of $7M, and then reduced remarkably in the following year.
| Import of Argon in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 3,165 | 1,923 | 2,313 | 2,484 | -7.8% |
| Germany | 664 | 1,380 | 1,715 | 1,152 | 20.2% |
| Slovenia | 489 | 473 | 436 | 754 | 15.5% |
| Poland | 51.6 | 22.2 | 10.4 | 458 | 107.0% |
| Bosnia and Herzegovina | 707 | 893 | 658 | 230 | -31.2% |
| Ukraine | 281 | 213 | 868 | 144 | -20.0% |
| Austria | 519 | 1,056 | 655 | 112 | -40.0% |
| Czech Republic | 358 | 461 | 89.5 | 78.4 | -39.7% |
| Others | 124 | 194 | 263 | 135 | 2.9% |
| Total | 6,360 | 6,616 | 7,009 | 5,549 | -4.4% |
Top Suppliers of Argon to Hungary in 2022:
- Serbia (4273.6K cubic meters)
- Germany (2071.8K cubic meters)
- Slovenia (786.7K cubic meters)
- Poland (602.9K cubic meters)
- Bosnia and Herzegovina (396.2K cubic meters)
- Austria (225.9K cubic meters)
- Ukraine (124.7K cubic meters)
- Czech Republic (85.4K cubic meters)
Argon Exports in Hungary
In 2022, overseas shipments of argon were finally on the rise to reach 466K cubic meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a deep downturn. Over the period under review, the exports hit record highs at 604K cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, argon exports surged to $2.1M in 2022. Overall, exports continue to indicate strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Argon in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 917 | 639 | 920 | 1,431 | 16.0% |
| Italy | N/A | N/A | 6.3 | 125 | 1884.1% |
| Slovakia | 127 | 131 | 118 | 103 | -6.7% |
| Slovenia | 38.5 | 12.5 | 18.3 | 85.0 | 30.2% |
| United Kingdom | N/A | N/A | N/A | 78.5 | 0% |
| Poland | 8.6 | 15.5 | 13.1 | 35.4 | 60.3% |
| Serbia | 9.6 | 5.5 | 15.5 | 7.1 | -9.6% |
| North Macedonia | 160 | 24.1 | N/A | N/A | -84.9% |
| Others | 53.9 | 57.3 | 102 | 254 | 67.7% |
| Total | 1,315 | 885 | 1,193 | 2,119 | 17.2% |
Top Export Markets for Argon from Hungary in 2022:
- Italy (265.7K cubic meters)
- Slovakia (90.4K cubic meters)
- Slovenia (34.1K cubic meters)
- United States (27.0K cubic meters)
- United Kingdom (13.5K cubic meters)
- Poland (7.1K cubic meters)
- Serbia (4.9K cubic meters)
This report provides an in-depth analysis of the argon 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 20111120 - Argon
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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