Hungary - Urea - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUrea Price in Hungary - 2023
Contents:
- Urea Price in Hungary (CIF) - 2023
- Urea Price in Hungary (FOB) - 2023
- Urea Imports in Hungary
- Urea Exports in Hungary
Urea Price in Hungary (CIF) - 2023
In July 2023, the average urea import price amounted to $524 per ton, with an increase of 17% against the previous month. In general, the import price, however, recorded a noticeable descent. Over the period under review, average import prices attained the maximum at $674 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1,065 per ton), while the price for Austria ($286 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Poland (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Urea Price in Hungary (FOB) - 2023
In July 2023, the average urea export price amounted to $1,508 per ton, with an increase of 47% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 129% month-to-month. The export price peaked in July 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($2,547 per ton), while the average price for exports to Slovakia ($494 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Urea Imports in Hungary
For the fourth consecutive year, Hungary recorded growth in purchases abroad of urea, which increased by 65% to 417K tons in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, urea imports soared to $195M in 2022. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 157% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Urea in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | N/A | N/A | 3.1 | 36.1 | 1064.5% |
| Romania | 8.0 | 8.4 | 20.6 | 34.5 | 62.8% |
| Slovakia | 11.0 | 9.1 | 11.8 | 25.4 | 32.2% |
| Austria | 1.7 | 1.2 | 8.3 | 21.8 | 134.1% |
| Italy | N/A | N/A | N/A | 18.3 | 0% |
| Netherlands | 1.2 | 3.8 | 7.8 | 12.5 | 118.4% |
| Germany | 1.3 | 2.1 | 2.6 | 11.9 | 109.2% |
| Russia | 2.2 | 2.4 | 4.2 | 9.6 | 63.4% |
| Egypt | 0.6 | 0.6 | 16.0 | 8.1 | 138.1% |
| Poland | 1.6 | 1.6 | 2.7 | 5.6 | 51.8% |
| Croatia | 4.8 | 5.1 | 9.3 | 2.6 | -18.5% |
| Others | 2.0 | 1.1 | 4.3 | 9.0 | 65.1% |
| Total | 34.4 | 35.4 | 90.9 | 195 | 78.3% |
Top Suppliers of Urea to Hungary in 2022:
- Austria (99.7K tons)
- Slovakia (59.2K tons)
- Romania (55.3K tons)
- Slovenia (52.6K tons)
- Netherlands (29.0K tons)
- Italy (28.4K tons)
- Germany (21.7K tons)
- Poland (19.6K tons)
- Russia (13.9K tons)
- Egypt (11.5K tons)
- Croatia (10.8K tons)
Urea Exports in Hungary
For the third year in a row, Hungary recorded decline in overseas shipments of urea, which decreased by -38.3% to 19K tons in 2022. Overall, exports recorded a dramatic decrease. The smallest decline of -16.2% was in 2020.
In value terms, urea exports dropped slightly to $11M in 2022. In general, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 12% against the previous year.
| Export of Urea in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 1.9 | 2.0 | 1.6 | 3.5 | 22.6% |
| Slovakia | 5.4 | 3.4 | 4.8 | 3.4 | -14.3% |
| Austria | 0.5 | 1.0 | 0.7 | 1.5 | 44.2% |
| Croatia | 1.5 | 0.9 | 1.3 | 0.9 | -15.7% |
| Slovenia | 0.1 | 0.4 | 0.4 | 0.5 | 71.0% |
| Czech Republic | 0.3 | 1.1 | 1.0 | 0.4 | 10.1% |
| Poland | 1.7 | 1.3 | 0.7 | 0.3 | -43.9% |
| Serbia | 2.1 | 0.2 | 1.0 | 0.3 | -47.7% |
| Others | 0.3 | 0.3 | 0.5 | 0.5 | 18.6% |
| Total | 13.7 | 10.6 | 11.8 | 11.3 | -6.2% |
Top Export Markets for Urea from Hungary in 2022:
- Slovakia (6.4K tons)
- Austria (3.8K tons)
- Romania (3.0K tons)
- Croatia (1.5K tons)
- Czech Republic (1.2K tons)
- Slovenia (1.2K tons)
- Poland (0.9K tons)
- Serbia (0.7K tons)
This report provides an in-depth analysis of the urea market 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:
- FCL 4001 - Urea
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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