Hungary: Fluorspar Market Overview 2021

Fluorspar Market Size in Hungary

In 2020, the Hungarian fluorspar market decreased by -X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption posted a measured increase. The pace of growth was the most pronounced in 2010 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2011; however, from 2012 to 2020, consumption failed to regain the momentum.

Fluorspar Exports

Exports from Hungary

In 2020, shipments abroad of fluorspar decreased by -X% to X kg, falling for the sixth consecutive year after three years of growth. Overall, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, fluorspar exports contracted to $X in 2020. Over the period under review, exports faced a sharp descent. The pace of growth appeared the most rapid in 2013 when exports increased by X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Germany (X kg) was the main destination for fluorspar exports from Hungary, accounting for a X% share of total exports. Moreover, fluorspar exports to Germany exceeded the volume sent to the second major destination, Slovakia (X kg), threefold.

From 2007 to 2020, the average annual growth rate of volume to Germany totaled -X%.

In value terms, Germany ($X) emerged as the key foreign market for fluorspar exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Slovakia ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Germany stood at -X%.

Export Prices by Country

The average fluorspar export price stood at $X per tonne in 2020, rising by X% against the previous year. Over the period under review, the export price posted a significant increase. The most prominent rate of growth was recorded in 2019 an increase of X% y-o-y. Over the period under review, average export prices attained the maximum in 2020 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2020, the country with the highest price was Germany ($X per tonne), while the average price for exports to Slovakia amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+X% per year).

Fluorspar Imports

Imports into Hungary

Fluorspar imports into Hungary contracted to X tonnes in 2020, falling by -X% on the year before. In general, imports continue to indicate a mild reduction. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Imports peaked at X tonnes in 2011; however, from 2012 to 2020, imports remained at a lower figure.

In value terms, fluorspar imports declined to $X in 2020. Overall, imports enjoyed a moderate increase. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

Germany (X tonnes) and the Czech Republic (X tonnes) were the main suppliers of fluorspar imports to Hungary.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic.

In value terms, Germany ($X) and the Czech Republic ($X) appeared to be the largest fluorspar suppliers to Hungary.

The Czech Republic recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average fluorspar import price stood at $X per tonne in 2020, reducing by -X% against the previous year. Over the period under review, import price indicated noticeable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, fluorspar import price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was the Czech Republic ($X per tonne), while the price for Germany totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany.

Source: IndexBox AI Platform