Hungary - Inorganic Oxygen Compounds Of Non-Metals - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Hungary - Inorganic Oxygen Compounds Of Non-Metals - Market Analysis, Forecast, Size, Trends And Insights

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Price for Inorganic Oxygen Compounds of Non-Metals in Hungary - 2023

Contents:

  1. Price for Inorganic Oxygen Compounds of Non-Metals in Hungary (FOB) - 2023
  2. Price for Inorganic Oxygen Compounds of Non-Metals in Hungary (CIF) - 2023
  3. Exports of Inorganic Oxygen Compounds of Non-Metals in Hungary
  4. Imports of Inorganic Oxygen Compounds of Non-Metals in Hungary

Price for Inorganic Oxygen Compounds of Non-Metals in Hungary (FOB) - 2023

The average export price for inorganic oxygen compounds of non-metals stood at $3,652 per ton in August 2023, reducing by -4% against the previous month. In general, the export price recorded a mild setback. The pace of growth was the most pronounced in April 2023 an increase of 24% m-o-m. As a result, the export price reached the peak level of $4,835 per ton. From May 2023 to August 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($10,681 per ton), while the average price for exports to Belgium ($1,596 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Inorganic Oxygen Compounds of Non-Metals in Hungary (CIF) - 2023

In August 2023, the average import price for inorganic oxygen compounds of non-metals amounted to $1,317 per ton, waning by -5.3% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in September 2022 an increase of 64% against the previous month. Over the period under review, average import prices hit record highs at $2,030 per ton in October 2022; however, from November 2022 to August 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Austria ($2,597 per ton), while the price for Germany ($475 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 Germany (+2.6%), while the prices for the other major suppliers experienced a decline.

Exports of Inorganic Oxygen Compounds of Non-Metals in Hungary

In 2022, overseas shipments of inorganic oxygen compounds of non-metals decreased by -7.8% to 12K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +18.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 40%. As a result, the exports reached the peak of 13K tons, and then contracted in the following year.

In value terms, inorganic oxygen compounds of non-metals exports reduced markedly to $52M in 2022. The total export value increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 32% against the previous year. As a result, the exports reached the peak of $62M, and then declined sharply in the following year.

Export of Inorganic Oxygen Compounds of Non-Metals in Hungary (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States26.330.242.727.81.9%
Poland0.30.82.85.3160.4%
BelgiumN/A1.02.24.0100.0%
Netherlands0.80.51.53.157.1%
France0.70.30.63.062.4%
Germany4.25.13.12.3-18.2%
Italy0.1N/A0.21.3135.1%
Turkey0.30.20.30.626.0%
Others10.68.58.14.6-24.3%
Total43.246.761.552.16.4%

Top Export Markets for Inorganic Oxygen Compounds of Non-Metals from Hungary in 2022:

  1. United States (4.5K tons)
  2. Belgium (2.5K tons)
  3. Poland (1.8K tons)
  4. Netherlands (0.9K tons)
  5. Italy (0.4K tons)
  6. Turkey (0.3K tons)
  7. France (0.3K tons)
  8. Germany (0.2K tons)

Imports of Inorganic Oxygen Compounds of Non-Metals in Hungary

In 2022, approx. 4.9K tons of inorganic oxygen compounds of non-metals were imported into Hungary; increasing by 18% against the previous year's figure. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +12.6% 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 +65.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, inorganic oxygen compounds of non-metals imports skyrocketed to $6.4M in 2022. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 142% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Import of Inorganic Oxygen Compounds of Non-Metals in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
TurkeyN/A55.02,2232,332551.2%
IranN/AN/AN/A2,3060%
Germany1,2219801,1051,084-3.9%
Serbia65.493.065.038780.9%
Others306380253290-1.8%
Total1,5921,5083,6456,39959.0%

Top Suppliers of Inorganic Oxygen Compounds of Non-Metals to Hungary in 2022:

  1. Germany (3363.0 tons)
  2. Iran (675.0 tons)
  3. Turkey (571.9 tons)
  4. Serbia (187.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for inorganic oxygen compounds of non-metals 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 20111250 - Sulphur trioxide (sulphuric anhydride), diarsenic trioxide
  • Prodcom 20111270 - Nitrogen oxides
  • Prodcom 20111290 - Inorganic oxygen compounds of non metals (excluding sulphur trioxide (sulphuric anhydride), diarsenic trioxide, n itrogen oxides, silicon dioxide, sulphur dioxide, carbon dioxide)
  • Prodcom 20132477 - Sulphur dioxide

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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Free Data: Inorganic oxygen compounds; of non-metals, n.e.s. in item no. 2811.2 - Hungary