Hungary: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Hungary

The Hungarian diammonium phosphate market dropped remarkably to $X in 2023, shrinking 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). Over the period under review, consumption recorded a noticeable decrease. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Diammonium Phosphate Exports

Exports from Hungary

Diammonium phosphate exports from Hungary soared to X tons in 2023, growing by X% compared with 2022 figures. In general, exports, however, continue to indicate a pronounced contraction. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, diammonium phosphate exports skyrocketed to $X in 2023. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons) was the main destination for diammonium phosphate exports from Hungary, accounting for a X% share of total exports. Moreover, diammonium phosphate exports to Austria exceeded the volume sent to the second major destination, Slovakia (X tons), ninefold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Austria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and the Czech Republic (X% per year).

In value terms, Austria ($X) emerged as the key foreign market for diammonium phosphate exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Slovakia ($X), with an X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Austria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2023, the average diammonium phosphate export price amounted to $X per ton, surging by X% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, diammonium phosphate export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Diammonium Phosphate Imports

Imports into Hungary

In 2023, imports of diammonium phosphate into Hungary shrank modestly to X tons, reducing by X% on the year before. Over the period under review, imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, diammonium phosphate imports reduced markedly to $X in 2023. Overall, imports showed a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), Slovenia (X tons) and Germany (X tons) were the main suppliers of diammonium phosphate imports to Hungary, together accounting for X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest diammonium phosphate suppliers to Hungary were Slovenia ($X), Italy ($X) and Germany ($X), with a combined X% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average diammonium phosphate import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price, however, continues to indicate a measured increase. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform