Manganese Oxides Price in Hungary - 2023

Manganese Oxides Price in Hungary (CIF) - 2023

In August 2023, the average manganese oxides import price amounted to $1,317 per ton, rising by 32% against the previous month. In general, import price indicated perceptible growth from August 2022 to August 2023: its price increased at an average monthly rate of +2.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, manganese oxides import price increased by +33.8% against May 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 75% against the previous month. As a result, import price attained the peak level of $1,921 per ton. From February 2023 to August 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($4,144 per ton), while the price for Germany ($956 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+27.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Manganese Oxides Price in Hungary (FOB) - 2022

In 2022, the average manganese oxides export price amounted to $2,658 per ton, rising by 30% against the previous year. In general, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 340%. As a result, the export price attained the peak level of $4,246 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($3,435 per ton), while the average price for exports to Croatia ($2,038 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 the UK (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.

Manganese Oxides Imports in Hungary

In 2022, supplies from abroad of manganese oxideses decreased by -0.1% to 964 tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 27%. As a result, imports attained the peak of 986 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, manganese oxides imports soared to $1.1M in 2022. The total import value increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Manganese Oxides in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	431	304	376	435	0.3%
Germany	44.4	57.9	102	179	59.2%
Netherlands	19.4	37.6	116	174	107.8%
Slovenia	11.4	22.2	58.4	89.6	98.8%
South Africa	N/A	N/A	90.8	53.6	-41.0%
France	73.4	73.9	72.0	50.4	-11.8%
Georgia	239	120	N/A	27.1	-51.6%
Brazil	N/A	40.9	N/A	13.7	-42.1%
Poland	92.0	58.3	6.5	9.8	-52.6%
United Kingdom	130	121	N/A	N/A	-6.9%
Others	18.5	7.2	35.7	75.8	60.0%
Total	1,060	843	858	1,109	1.5%

Top Suppliers of Manganese Oxides to Hungary in 2022:

Belgium (405.9 tons)
Germany (172.1 tons)
Netherlands (114.8 tons)
Slovenia (80.1 tons)
South Africa (75.0 tons)
France (46.0 tons)
Georgia (25.0 tons)
Brazil (8.0 tons)
Poland (7.0 tons)

Manganese Oxides Exports in Hungary

Manganese oxides exports from Hungary soared to 41 tons in 2022, increasing by 38% compared with 2021 figures. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 271%. As a result, the exports reached the peak of 77 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, manganese oxides exports skyrocketed to $108K in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 93%. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Manganese Oxides in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Czech Republic	35.9	13.0	25.1	33.5	-2.3%
United Kingdom	N/A	N/A	N/A	32.7	0%
Romania	7.2	13.3	19.9	20.0	40.6%
Slovakia	10.1	18.2	13.1	11.0	2.9%
Serbia	0.7	0.6	1.1	4.3	83.1%
Croatia	0.1	N/A	N/A	2.0	171.4%
Bulgaria	0.2	N/A	0.2	1.5	95.7%
Netherlands	N/A	61.4	N/A	N/A	0%
Others	1.6	0.8	1.3	3.3	27.3%
Total	55.7	107	60.7	108	24.7%