Price for Petroleum Gases and Other Gaseous Hydrocarbons in Hungary - 2023

Contents:

1. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Hungary (CIF) - 2022
2. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Hungary (FOB) - 2022
3. Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Hungary
4. Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Hungary

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Hungary (CIF) - 2022

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $507 per ton in 2022, remaining stable against the previous year. Overall, the import price showed a perceptible curtailment. The growth pace was the most rapid in 2018 an increase of 35% against the previous year. The import price peaked at $626 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($719 per ton), while the price for Russia ($456 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+0.3%), while the prices for the other major suppliers experienced a decline.

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Hungary (FOB) - 2022

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $456 per ton in 2022, shrinking by -18% against the previous year. Over the period under review, the export price recorded a deep slump. The growth pace was the most rapid in 2018 when the average export price increased by 32%. The export price peaked at $816 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Ukraine ($520 per ton) and Croatia ($510 per ton), while the average price for exports to Serbia ($353 per ton) and Austria ($413 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (-4.1%), while the prices for the other major destinations experienced a decline.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Hungary

In 2022, the amount of petroleum gases and other gaseous hydrocarbonses imported into Hungary surged to 24M tons, rising by 168% against 2021. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses soared to $12B in 2022. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons to Hungary in 2022:

1. Russia (17.8M tons)
2. Austria (4.2M tons)
3. Ukraine (0.9M tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Hungary

In 2022, approx. 7.1M tons of petroleum gases and other gaseous hydrocarbonses were exported from Hungary; jumping by 85% compared with 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 107% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses skyrocketed to $3.3B in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 114% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons from Hungary in 2022:

1. Croatia (3.2M tons)
2. Serbia (2.2M tons)
3. Ukraine (1.0M tons)
4. Austria (0.5M tons)
5. Germany (0.1M tons)

Source: IndexBox Market Intelligence Platform