Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Hungary - 2023

Contents:

1. Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Hungary (CIF) - 2023
2. Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Hungary (FOB) - 2022
3. Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Hungary
4. Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Hungary

Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Hungary (CIF) - 2023

In November 2023, the average import price for fertilizers, mineral or chemical amounted to $413 per ton, growing by 7.6% against the previous month. Over the period under review, the import price, however, showed a abrupt setback. The growth pace was the most rapid in June 2023 when the average import price increased by 58% m-o-m. The import price peaked at $858 per ton in November 2022; however, from December 2022 to November 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Slovakia.

From November 2022 to November 2023, the rate of growth in terms of prices for Italy amounted to +18.1% per month.

Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Hungary (FOB) - 2022

In 2022, the average export price for fertilizers, mineral or chemical amounted to $476 per ton, picking up by 9.7% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 63% against the previous year. The export price peaked at $481 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($679 per ton), while the average price for exports to Germany ($318 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 Slovenia (+39.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Hungary

In 2022, overseas purchases of fertilizers, mineral or chemical decreased by -26.4% to 38K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 35%. As a result, imports reached the peak of 52K tons, and then reduced rapidly in the following year.

In value terms, imports of fertilizers, mineral or chemical surged to $20M in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 140%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate to Hungary in 2022:

1. Slovakia (20.2K tons)
2. Romania (16.6K tons)
3. Poland (1.2K tons)

Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Hungary

In 2022, exports of fertilizers, mineral or chemical from Hungary reached 1.3K tons, rising by 8.3% compared with the previous year's figure. Over the period under review, exports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year.

In value terms, exports of fertilizers, mineral or chemical surged to $633K in 2022. In general, exports saw a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 131% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate from Hungary in 2022:

1. Germany (698.2 tons)
2. Slovakia (558.7 tons)
3. Romania (53.8 tons)

Source: IndexBox Market Intelligence Platform