Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Hungary - 2023
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Hungary (CIF) - 2023
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Hungary (FOB) - 2022
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Hungary
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Hungary
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Hungary (CIF) - 2023
The average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $1,089 per ton in November 2023, with a decrease of -4.8% against the previous month. Overall, the import price showed a slight contraction. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 13% month-to-month. The import price peaked at $1,322 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 Serbia.
From November 2022 to November 2023, the rate of growth in terms of prices for Germany amounted to +9.0% per month.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Hungary (FOB) - 2022
In 2022, the average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $1,076 per ton, picking up by 40% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices hit record highs at $1,091 per ton in 2012; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($1,480 per ton), while the average price for exports to Slovakia ($796 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 Ukraine (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Hungary
In 2022, approx. 1M tons of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s were imported into Hungary; with an increase of 1.8% on 2021. The total import volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s skyrocketed to $837M in 2022. Overall, imports enjoyed strong growth. The growth pace was the most rapid in 2021 when imports increased by 76% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 218 | 230 | 295 | 345 | 16.5% |
| Slovakia | 99.6 | 36.1 | 146 | 185 | 22.9% |
| Romania | 42.4 | 18.3 | 50.4 | 119 | 41.1% |
| Germany | 12.2 | 11.1 | 87.5 | 113 | 110.0% |
| Serbia | N/A | 0.4 | 44.1 | 41.2 | 914.9% |
| Czech Republic | 34.7 | 20.9 | 41.4 | 14.8 | -24.7% |
| Croatia | 20.3 | 9.0 | 19.3 | 9.6 | -22.1% |
| Slovenia | 19.9 | 7.6 | 15.3 | 3.6 | -43.4% |
| Cyprus | 27.5 | 13.1 | 2.5 | 1.5 | -62.1% |
| United Kingdom | 41.7 | 43.6 | 0.1 | 0.1 | -86.6% |
| Ukraine | 20.1 | 8.3 | N/A | N/A | -58.7% |
| Others | 10.4 | 2.3 | 3.1 | 4.3 | -25.5% |
| Total | 547 | 400 | 705 | 837 | 15.2% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Hungary in 2022:
- Romania (253.0K tons)
- Germany (242.5K tons)
- Austria (229.0K tons)
- Slovakia (183.8K tons)
- Serbia (56.9K tons)
- Croatia (18.9K tons)
- Czech Republic (10.7K tons)
- Slovenia (3.8K tons)
- Cyprus (1.2K tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Hungary
In 2022, overseas shipments of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s increased by 27% to 326K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a noticeable contraction.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s soared to $351M in 2022. Overall, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 5.1 | 5.2 | 7.1 | 80.7 | 151.1% |
| Romania | 49.5 | 49.3 | 60.5 | 54.8 | 3.4% |
| Slovenia | 23.9 | 14.8 | 27.3 | 41.4 | 20.1% |
| Slovakia | 44.3 | 9.0 | 0.9 | 39.6 | -3.7% |
| Serbia | 21.8 | 12.6 | 28.3 | 32.8 | 14.6% |
| Croatia | 16.2 | 25.8 | 9.7 | 27.8 | 19.7% |
| Poland | 32.2 | 6.0 | 9.8 | 22.1 | -11.8% |
| Germany | 3.8 | 2.9 | 28.1 | 15.4 | 59.4% |
| Austria | 20.9 | 14.3 | 5.6 | 12.8 | -15.1% |
| Czech Republic | 5.7 | 3.9 | 3.6 | 3.4 | -15.8% |
| Bulgaria | 7.6 | 1.6 | 4.8 | 3.0 | -26.6% |
| Others | 8.1 | 16.6 | 11.2 | 17.4 | 29.0% |
| Total | 239 | 162 | 197 | 351 | 13.7% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Hungary in 2022:
- Romania (56.8K tons)
- Ukraine (54.5K tons)
- Slovakia (49.7K tons)
- Slovenia (38.8K tons)
- Serbia (30.1K tons)
- Croatia (24.0K tons)
- Poland (17.6K tons)
- Germany (16.4K tons)
- Austria (13.9K tons)
- Bulgaria (3.8K tons)
- Czech Republic (2.8K tons)
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