Hungary: Coal Market 2024

Coal Market Size in Hungary

In 2022, the Hungarian coal market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a pronounced decrease. Coal consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Coal Production in Hungary

In value terms, coal production reduced slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Coal production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Coal Exports

Exports from Hungary

In 2022, coal exports from Hungary shrank dramatically to X tons, with a decrease of X% on 2021. In general, exports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, coal exports dropped dramatically to $X in 2022. Overall, exports continue to indicate a perceptible slump. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia (X tons), Ukraine (X tons) and North Macedonia (X tons) were the main destinations of coal exports from Hungary, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by North Macedonia (with a CAGR of X.9%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Ukraine ($X) and Bosnia and Herzegovina ($X) constituted the largest markets for coal exported from Hungary worldwide, with a combined X% share of total exports. North Macedonia and Croatia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, North Macedonia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average coal export price amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Slovakia ($X 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 Croatia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Coal Imports

Imports into Hungary

In 2022, the amount of coal imported into Hungary skyrocketed to X tons, picking up by X% compared with the year before. Overall, imports, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, coal imports surged to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of coal to Hungary, with a X% share of total imports. Moreover, coal imports from the United States exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), fourfold. The Czech Republic (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and the Czech Republic (X% per year).

In value terms, the United States ($X) constituted the largest supplier of coal to Hungary, comprising X% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total imports. It was followed by Ukraine, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Ukraine (X% per year).

Import Prices by Country

In 2022, the average coal import price amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coal import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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