Hungary: Overview of the Market for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers 2021

Market Size for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in Hungary

The Hungarian market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers skyrocketed to $X in 2020, increasing 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). In general, consumption saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level in 2020 and is likely to see gradual growth in years to come.

Exports of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers

Exports from Hungary

Exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from Hungary soared to X tonnes in 2020, picking up by X% compared with the previous year. In general, exports posted a resilient increase. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2013; however, from 2014 to 2020, exports remained at a lower figure.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers surged to $X in 2020. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Exports peaked at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X tonnes) was the main destination for exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from Hungary, accounting for a X% share of total exports. Moreover, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Ukraine exceeded the volume sent to the second major destination, Macedonia (X tonnes), more than tenfold. The third position in this ranking was occupied by Romania (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Ukraine amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macedonia (+X% per year) and Romania (-X% per year).

In value terms, Ukraine ($X) remains the key foreign market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Macedonia ($X), with a X% share of total exports. It was followed by Serbia, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Ukraine totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macedonia (+X% per year) and Serbia (-X% per year).

Export Prices by Country

The average export price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers stood at $X per tonne in 2020, dropping by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per tonne, and then reduced notably in the following year.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers

Imports into Hungary

For the fifth consecutive year, Hungary recorded growth in purchases abroad of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, which increased by X% to X tonnes in 2020. In general, imports recorded prominent growth. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers surged to $X in 2020. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Over the period under review, imports hit record highs in 2020 and are likely to see steady growth in years to come.

Imports by Country

In 2020, Germany (X tonnes) constituted the largest supplier of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Hungary, accounting for a X% share of total imports. Moreover, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tonnes), sevenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and France (X% per year).

In value terms, France ($X) constituted the largest supplier of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Hungary, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Austria (-X% per year).

Import Prices by Country

In 2020, the average import price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, the import price posted a slight expansion. The import price peaked at $X per tonne in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in the world?

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The countries with the highest volumes of consumption of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in 2020 were Canada (12M tonnes), China (8.8M tonnes) and Germany (2.9M tonnes), with a combined 83% share of global consumption.

What are the largest producers of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in the world?

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The countries with the highest volumes of production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in 2020 were Canada (12M tonnes), China (8.8M tonnes) and Germany (3M tonnes), with a combined 83% share of global production. Jordan, Russia, the UK and the U.S. lagged somewhat behind, together accounting for a further 14%.

What are the leading suppliers of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Hungary?

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In value terms, France ($2.2M) constituted the largest supplier of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Hungary, comprising 66% of total imports. The second position in the ranking was occupied by Germany ($925K), with a 28% share of total imports.

What are the leading importers of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from Hungary?

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In value terms, Ukraine ($310K) remains the key foreign market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exports from Hungary, comprising 94% of total exports. The second position in the ranking was occupied by Macedonia ($9.3K), with a 2.8% share of total exports. It was followed by Serbia, with a 2.1% share.

What is the average export price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in Hungary?

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In 2020, the average export price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers amounted to $4,829 per tonne, shrinking by -33.3% against the previous year.

What is the average import price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in Hungary?

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The average import price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers stood at $995 per tonne in 2020, increasing by 111% against the previous year.