Hungary: Fluorspar Market Overview 2020

Fluorspar Market Size in Hungary

The revenue of the fluorspar market in Hungary amounted to $X in 2018, rising 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, fluorspar consumption continues to indicate a deep slump. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, the fluorspar market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Fluorspar Exports

Exports from Hungary

In 2018, the fluorspar exports from Hungary stood at X tonnes, coming down by -X% against the previous year. Overall, fluorspar exports continue to indicate a deep decline. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Hungary exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, fluorspar exports stood at $X in 2018. Overall, fluorspar exports continue to indicate a drastic decrease. The pace of growth appeared the most rapid in 2013 when exports increased by X% y-o-y. Hungary exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, Mexico (X tonnes), distantly followed by Mongolia (X tonnes), China (X tonnes) and South Africa (X tonnes) represented the key exporters of fluorspar, together comprising X% of total exports. Spain (X tonnes), Morocco (X tonnes), Myanmar (X tonnes), Italy (X tonnes), Namibia (X tonnes) and Thailand (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Myanmar (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the largest fluorspar supplier from Hungary, comprising X% of global exports. The second position in the ranking was occupied by Mongolia ($X), with a X% share of global exports. It was followed by China, with a X% share.

In Mexico, fluorspar exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Mongolia (+X% per year) and China (-X% per year).

Export Prices by Country

In 2018, the fluorspar export price in Hungary amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the fluorspar export price continues to indicate a resilient increase. The growth pace was the most rapid in 2010 when the export price increased by X% year-to-year. Hungary export price peaked in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Namibia ($X per tonne), while Italy ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced more modest paces of growth.

Fluorspar Imports

Imports into Hungary

In 2018, the imports of fluorspar into Hungary totaled X tonnes, going down by -X% against the previous year. Over the period under review, fluorspar imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Hungary imports peaked at X tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, fluorspar imports stood at $X in 2018. Overall, fluorspar imports continue to indicate a pronounced deduction. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Hungary imports peaked at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tonnes), distantly followed by Italy (X tonnes), India (X tonnes), Japan (X tonnes), China (X tonnes), Russia (X tonnes) and Germany (X tonnes) were the key importers of fluorspar, together generating X% of total imports. The following importers - Turkey (X tonnes), Tunisia (X tonnes), the Netherlands (X tonnes), South Korea (X tonnes) and Canada (X tonnes) - together made up X% of total imports.

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

In value terms, the largest fluorspar importing markets into Hungary were the U.S. ($X), India ($X) and Germany ($X), together comprising X% of total imports. Italy, Japan, China, Russia, Canada, South Korea, Turkey, Tunisia, the Netherlands and Hungary lagged somewhat behind, together accounting for a further X recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the fluorspar import price in Hungary amounted to $X per tonne, going up by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the import price increased by X% against the previous year. Hungary import price peaked at $X per tonne in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while Russia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform