Hungary - Prepared Additives For Mineral Oils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLubricant Additives Price in Hungary - 2023
Contents:
- Lubricant Additives Price in Hungary (CIF) - 2022
- Lubricant Additives Price in Hungary (FOB) - 2023
- Lubricant Additives Imports in Hungary
- Lubricant Additives Exports in Hungary
Lubricant Additives Price in Hungary (CIF) - 2022
The average lubricant additives import price stood at $2,652 per ton in 2022, growing by 11% against the previous year. Overall, the import price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by 12%. The import price peaked at $4,679 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($6,193 per ton), while the price for the Czech Republic ($833 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Lubricant Additives Price in Hungary (FOB) - 2023
The average lubricant additives export price stood at $4,384 per ton in July 2023, with a decrease of -23.8% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 32% against the previous month. As a result, the export price attained the peak level of $5,751 per ton, and then reduced remarkably in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($9,563 per ton), while the average price for exports to Slovakia ($3,504 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Lubricant Additives Imports in Hungary
Lubricant additives imports into Hungary surged to 16K tons in 2022, with an increase of 21% compared with 2021 figures. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 59% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, lubricant additives imports surged to $41M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Lubricant Additives in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 11.5 | 12.0 | 12.6 | 13.1 | 4.4% |
| Belgium | 5.7 | 6.4 | 5.8 | 8.0 | 12.0% |
| Slovakia | 0.5 | 0.2 | 1.6 | 6.4 | 133.9% |
| Germany | 6.0 | 4.3 | 6.0 | 6.2 | 1.1% |
| Czech Republic | 0.3 | 0.7 | 2.0 | 4.5 | 146.6% |
| United Kingdom | 1.2 | 1.1 | N/A | 0.1 | -56.3% |
| Others | 1.9 | 2.0 | 2.5 | 3.0 | 16.4% |
| Total | 27.1 | 26.7 | 30.6 | 41.3 | 15.1% |
Top Suppliers of Lubricant Additives to Hungary in 2022:
- United Kingdom (undefinedK tons)
- Czech Republic (5.4K tons)
- Slovakia (3.6K tons)
- France (3.0K tons)
- Belgium (1.7K tons)
- Germany (1.4K tons)
Lubricant Additives Exports in Hungary
In 2022, after three years of growth, there was significant decline in overseas shipments of prepared additives for mineral oils, when their volume decreased by -40.4% to 2.1K tons. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 43% against the previous year.
In value terms, lubricant additives exports declined notably to $9.1M in 2022. Over the period under review, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. As a result, the exports attained the peak of $12M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Lubricant Additives in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 1.5 | 1.4 | 1.6 | 2.5 | 18.6% |
| Romania | 0.7 | 0.6 | 0.9 | 1.4 | 26.0% |
| Croatia | 1.1 | 0.8 | 0.9 | 1.2 | 2.9% |
| Spain | N/A | N/A | 0.1 | 0.8 | 700.0% |
| Italy | 5.2 | 7.7 | 5.5 | 0.7 | -48.7% |
| Germany | 0.4 | 0.6 | 0.7 | 0.7 | 20.5% |
| Czech Republic | 0.7 | 0.4 | 0.4 | 0.6 | -5.0% |
| North Macedonia | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Austria | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Others | 0.2 | 0.3 | 0.7 | 0.9 | 65.1% |
| Total | 10.1 | 12.1 | 10.9 | 9.1 | -3.4% |
Top Export Markets for Lubricant Additives from Hungary in 2022:
- Slovakia (738.3 tons)
- Croatia (314.4 tons)
- Romania (295.9 tons)
- Italy (185.5 tons)
- Spain (185.5 tons)
- Czech Republic (131.6 tons)
- Germany (107.1 tons)
- North Macedonia (43.5 tons)
- Austria (3.5 tons)
This report provides an in-depth analysis of the lubricant additives 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 20594250 - Anti-knock preparations
- Prodcom 20594270 - Additives for lubricating oils
- Prodcom 20594290 - Additives for mineral oils or for other liquids used for the same purpose as mineral oils (including gasoline) (excluding anti-knock preparations, additives for lubricating oils)
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.
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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
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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
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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
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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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This report provides an in-depth analysis of the lubricant additives market in Hungary.
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This report provides an in-depth analysis of the global lubricating oil additive market.
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This report provides an in-depth analysis of the lubricant additives market in Hungary.
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This report provides an in-depth analysis of the lubricating oil additive market in Hungary.
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This report provides an in-depth analysis of the anti-knock preparations market in Hungary.
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This report provides an in-depth analysis of the global lubricant additives market.
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