Price for Hydroxide and Peroxide of Magnesium in Hungary - 2023

Price for Hydroxide and Peroxide of Magnesium in Hungary (CIF) - 2022

In 2022, the average import price for hydroxide and peroxide of magnesia amounted to $1,806 per ton, picking up by 24% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 30% against the previous year. Over the period under review, average import prices reached the maximum at $1,952 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,751 per ton), while the price for the Netherlands totaled $1,128 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%).

Price for Hydroxide and Peroxide of Magnesium in Hungary (FOB) - 2022

The average export price for hydroxide and peroxide of magnesia stood at $7,662 per ton in 2022, with an increase of 141% against the previous year. Overall, the export price, however, continues to indicate a deep downturn. Over the period under review, the average export prices reached the maximum at $14,437 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +3.3% per year.

Imports of Hydroxide and Peroxide of Magnesium in Hungary

Hydroxide and peroxide of magnesium imports into Hungary surged to 323 tons in 2022, picking up by 25% on the previous year's figure. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 163% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, hydroxide and peroxide of magnesium imports soared to $583K in 2022. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 125% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Hydroxide and Peroxide of Magnesium in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	143	379	368	520	53.8%
Netherlands	1.5	N/A	N/A	27.2	162.7%
Others	25.2	3.1	9.3	35.1	11.7%
Total	170	383	377	583	50.8%

Top Suppliers of Hydroxide and Peroxide of Magnesium to Hungary in 2022:

Germany (297.1 tons)
Netherlands (24.1 tons)

Exports of Hydroxide and Peroxide of Magnesium in Hungary

After three years of growth, overseas shipments of hydroxide and peroxide of magnesia decreased by -68.7% to 225 kg in 2022. In general, exports, however, posted a moderate increase. The pace of growth appeared the most rapid in 2021 with an increase of 187%. As a result, the exports attained the peak of 718 kg, and then dropped significantly in the following year.

In value terms, hydroxide and peroxide of magnesium exports shrank rapidly to $1.7K in 2022. Overall, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 87% against the previous year. As a result, the exports attained the peak of $2.3K, and then contracted markedly in the following year.