Price for Mineral Substances Not Elsewhere Specified or Included in Hungary - 2023
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Hungary (FOB) - 2023
- Price for Mineral Substances Not Elsewhere Specified or Included in Hungary (CIF) - 2022
- Exports of Mineral Substances Not Elsewhere Specified or Included in Hungary
- Imports of Mineral Substances Not Elsewhere Specified or Included in Hungary
Price for Mineral Substances Not Elsewhere Specified or Included in Hungary (FOB) - 2023
The average export price for mineral substances not elsewhere specified or includeds stood at $422 per ton in October 2023, picking up by 165% against the previous month. Over the period under review, the export price posted buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was the United Arab Emirates ($444 per ton), while the average price for exports to Moldova ($158 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Mineral Substances Not Elsewhere Specified or Included in Hungary (CIF) - 2022
In 2022, the average import price for mineral substances not elsewhere specified or includeds amounted to $397 per ton, rising by 16% against the previous year. In general, the import price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 171% against the previous year. Over the period under review, average import prices reached the peak figure at $2,145 per ton in 2018; however, from 2019 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 Germany ($850 per ton), while the price for Ukraine ($100 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-2.0%), while the prices for the other major suppliers experienced a decline.
Exports of Mineral Substances Not Elsewhere Specified or Included in Hungary
In 2022, the amount of mineral substances not elsewhere specified or includeds exported from Hungary reached 72K tons, surging by 15% on the previous year. The total export volume increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of mineral substances not elsewhere specified or includeds surged to $9.3M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.3% 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 +74.0% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Mineral Substances Not Elsewhere Specified or Included in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,478 | 1,570 | 2,593 | 3,357 | 31.4% |
| Poland | 2,129 | 2,110 | 2,124 | 2,294 | 2.5% |
| Austria | 706 | 730 | 1,015 | 1,815 | 37.0% |
| United Arab Emirates | 8.7 | 497 | 350 | 666 | 324.6% |
| Romania | 669 | 486 | 502 | 438 | -13.2% |
| Czech Republic | 75.2 | 93.1 | 132 | 133 | 20.9% |
| Latvia | 59.0 | 101 | 124 | 121 | 27.1% |
| Serbia | 74.9 | 196 | 131 | 94.3 | 8.0% |
| Others | 156 | 141 | 112 | 401 | 37.0% |
| Total | 5,356 | 5,924 | 7,083 | 9,319 | 20.3% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Hungary in 2022:
- Poland (30.1K tons)
- Germany (20.6K tons)
- Austria (13.9K tons)
- Czech Republic (1.6K tons)
- United Arab Emirates (1.6K tons)
- Latvia (1.2K tons)
- Serbia (0.9K tons)
- Romania (0.6K tons)
Imports of Mineral Substances Not Elsewhere Specified or Included in Hungary
In 2022, purchases abroad of mineral substances not elsewhere specified or includeds decreased by -30.3% to 11K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +9.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 79% against the previous year.
In value terms, imports of mineral substances not elsewhere specified or includeds declined significantly to $4.5M in 2022. Over the period under review, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 6.5% against the previous year. As a result, imports reached the peak of $5.6M, and then contracted notably in the following year.
| Import of Mineral Substances Not Elsewhere Specified or Included in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,373 | 1,737 | 1,760 | 1,468 | 2.3% |
| India | 398 | 550 | 940 | 889 | 30.7% |
| Austria | 1,381 | 1,280 | 1,497 | 784 | -17.2% |
| United States | 10.8 | 7.8 | 233 | 491 | 256.9% |
| Slovakia | 502 | 390 | 265 | 283 | -17.4% |
| Turkey | 128 | 74.8 | 198 | 175 | 11.0% |
| Ukraine | 81.0 | 11.9 | 43.5 | 29.8 | -28.3% |
| Others | 1,273 | 1,158 | 614 | 386 | -32.8% |
| Total | 5,148 | 5,211 | 5,550 | 4,506 | -4.3% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Hungary in 2022:
- Austria (2.8K tons)
- Slovakia (2.6K tons)
- Germany (1.7K tons)
- India (1.5K tons)
- Turkey (1.1K tons)
- United States (0.8K tons)
- Ukraine (0.3K tons)
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