Hungary: Crude Potash Salts Market Overview 2020

Crude Potash Salts Market Size in Hungary

The revenue of the crude potash salts market in Hungary amounted to $X in 2018, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, crude potash salts consumption continues to indicate a slight drop. The most prominent rate of growth was recorded in 2014 when the market value increased by X% against the previous year. Crude potash salts consumption peaked at $X in 2010; however, from 2011 to 2018, consumption stood at a somewhat lower figure.

Crude Potash Salts Exports

Exports from Hungary

In 2018, the amount of crude potash salts (k2o content) exported from Hungary stood at X tonnes, increasing by X% against the previous year. Overall, crude potash salts exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Exports peaked at X tonnes in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

In value terms, crude potash salts exports totaled $X in 2018. In general, crude potash salts exports continue to indicate a slight expansion. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, crude potash salts exports attained their maximum at $X in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

Exports by Country

Croatia (X tonnes), Austria (X tonnes) and Slovenia (X tonnes) were the main destinations of crude potash salts exports from Hungary, together accounting for X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Austria, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crude potash salts exported from Hungary were Croatia ($X), Iran ($X) and Austria ($X), with a combined X% share of total exports. Chile, Slovenia, Spain and the Netherlands lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to exports, among the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crude potash salts export price stood at $X per tonne in 2018, declining by -X% against the previous year. Over the period under review, the export price indicated a modest expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, crude potash salts export price decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2010 an increase of X% against the previous year. The export price peaked at $X per tonne in 2016; however, from 2017 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Iran ($X per tonne), while the average price for exports to Austria ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Iran, while the prices for the other major destinations experienced more modest paces of growth.

Crude Potash Salts Imports

Imports into Hungary

In 2018, approx. X tonnes of crude potash salts (k2o content) were imported into Hungary; rising by X% against the previous year. Overall, crude potash salts imports continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Imports peaked at X tonnes in 2010; however, from 2011 to 2018, imports remained at a lower figure.

In value terms, crude potash salts imports amounted to $X in 2018. Over the period under review, crude potash salts imports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2014 when imports increased by X% y-o-y. Imports peaked at $X in 2009; however, from 2010 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Germany (X tonnes) constituted the largest crude potash salts supplier to Hungary, with a X% share of total imports. Moreover, crude potash salts imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tonnes), fourfold.

From 2007 to 2018, the average annual growth rate of volume from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and the Netherlands (+X% per year).

In value terms, the largest crude potash salts suppliers to Hungary were Austria ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total imports.

Austria experienced the highest rates of growth with regard to imports, among the main suppliers over the last eleven-year period, while the other leaders experienced a decline.

Import Prices by Country

In 2018, the average crude potash salts import price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the crude potash salts import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% y-o-y. In that year, the average import prices for crude potash salts (k2o content) reached their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the average import prices for crude potash salts (k2o content) failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Austria ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Austria, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform