Report Update: May 1, 2024

Hungary - Borates, Peroxoborates (Perborates) - Market Analysis, Forecast, Size, Trends And Insights

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Borates and Perborates Price in Hungary - 2023

Borates and Perborates Price in Hungary (CIF) - 2022

The average borates and perborates import price stood at $1,902 per ton in 2022, with an increase of 59% against the previous year. Over the period under review, the import price posted strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Argentina ($14,000 per ton), while the price for the Netherlands ($676 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Borates and Perborates Price in Hungary (FOB) - 2022

The average borates and perborates export price stood at $1,421 per ton in 2022, increasing by 2.7% against the previous year. Over the period under review, the export price, however, showed a slight descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 48% against the previous year. The export price peaked at $1,890 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($3,403 per ton), while the average price for exports to Kazakhstan ($1,130 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Borates and Perborates Imports in Hungary

In 2022, purchases abroad of borates, peroxoborates (perborates) decreased by -61.7% to 252 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a dramatic contraction. The growth pace was the most rapid in 2021 with an increase of 7.8% against the previous year. As a result, imports attained the peak of 657 tons, and then contracted remarkably in the following year.

In value terms, borates and perborates imports shrank markedly to $479K in 2022. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports reached the peak of $784K, and then plummeted in the following year.

Import of Borates and Perborates in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	95.8	73.8	185	162	19.1%
Czech Republic	116	110	114	121	1.4%
Poland	94.0	92.4	170	82.0	-4.5%
Italy	122	110	98.2	38.4	-32.0%
Belgium	0.8	15.3	0.6	35.5	254.0%
Germany	84.8	123	128	35.1	-25.5%
Netherlands	23.9	10.7	9.0	4.6	-42.3%
Luxembourg	59.5	79.2	37.2	N/A	-20.9%
Others	9.7	28.8	42.8	0.2	-72.6%
Total	607	643	784	479	-7.6%

Top Suppliers of Borates and Perborates to Hungary in 2022:

Poland (83.0 tons)
China (56.0 tons)
Czech Republic (44.9 tons)
Italy (28.0 tons)
Germany (24.4 tons)
Belgium (8.6 tons)
Netherlands (6.8 tons)

Borates and Perborates Exports in Hungary

In 2022, after three years of growth, there was significant decline in shipments abroad of borates, peroxoborates (perborates), when their volume decreased by -82.1% to 100 tons. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 888% against the previous year. As a result, the exports attained the peak of 561 tons, and then dropped notably in the following year.

In value terms, borates and perborates exports dropped remarkably to $142K in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 710%. As a result, the exports attained the peak of $776K, and then reduced markedly in the following year.

Export of Borates and Perborates in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kazakhstan	N/A	N/A	N/A	47.5	0%
Russia	8.1	36.2	377	32.8	59.4%
Germany	N/A	34.8	360	31.4	-5.0%
Romania	7.6	8.3	9.6	9.8	8.8%
Saudi Arabia	N/A	N/A	N/A	6.3	0%
Slovakia	N/A	8.1	13.3	3.4	-35.2%
Others	3.4	8.4	16.7	11.2	48.8%
Total	19.1	95.8	776	142	95.2%

Top Export Markets for Borates and Perborates from Hungary in 2022:

Kazakhstan (42.0 tons)
Germany (20.0 tons)
Russia (20.0 tons)
Romania (8.0 tons)
Saudi Arabia (4.0 tons)
Slovakia (2.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the borates and perborates 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 20136230 - Borates, peroxoborates (perborates)

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