Report Hungary - Liquefied Petroleum Gas (LPG) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Nov 30, 2022

Hungary - Liquefied Petroleum Gas (LPG) - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Market for Liquefied Petroleum Gas (LPG) 2022

Market Size for Liquefied Petroleum Gas (LPG) in Hungary

The Hungarian liquefied petroleum gas (LPG) market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Liquefied Petroleum Gas (LPG) in Hungary

In value terms, liquefied petroleum gas (LPG) production reduced remarkably to $X in 2021 estimated in export price. In general, production continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 108%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Hungary

In 2021, approx. X tons of liquefied petroleum gas (LPG) were exported from Hungary; rising by 23% against the year before. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when exports increased by 27% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, liquefied petroleum gas (LPG) exports soared to $X in 2021. In general, exports, however, saw a mild slump. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X tons), Poland (X tons) and Serbia (X tons) were the main destinations of liquefied petroleum gas (LPG) exports from Hungary, with a combined 68% share of total exports. These countries were followed by Croatia, Slovenia, Slovakia and Austria, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were in Croatia (with a CAGR of +79.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Poland ($X) and Serbia ($X) constituted the largest markets for liquefied petroleum gas (LPG) exported from Hungary worldwide, together comprising 66% of total exports. These countries were followed by Slovenia, Croatia, Slovakia and Austria, which together accounted for a further 32%.

Slovakia, with a CAGR of +41.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average liquefied petroleum gas (LPG) export price amounted to $X per ton, picking up by 46% against the previous year. In general, the export price, however, recorded a perceptible contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were Austria ($X per ton) and Slovenia ($X per ton), while the average price for exports to Serbia ($X per ton) and Croatia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (-2.5%), while the prices for the other major destinations experienced a decline.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Hungary

In 2021, the amount of liquefied petroleum gas (LPG) imported into Hungary surged to X tons, jumping by 39% against 2020 figures. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.6% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, liquefied petroleum gas (LPG) imports skyrocketed to $X in 2021. In general, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Slovakia (X tons), Russia (X tons) and Belgium (X tons) were the main suppliers of liquefied petroleum gas (LPG) imports to Hungary, together comprising 55% of total imports.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +331.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest liquefied petroleum gas (LPG) suppliers to Hungary were Russia ($X), Slovakia ($X) and Belgium ($X), with a combined 50% share of total imports.

Belgium, with a CAGR of +268.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average liquefied petroleum gas (LPG) import price stood at $X per ton in 2021, rising by 43% against the previous year. Overall, the import price, however, recorded a noticeable downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for liquefied petroleum gas (lpg) in the world?
+
The countries with the highest volumes of consumption in 2021 were China, India and Russia, together comprising 40% of global consumption.
What are the largest producers of liquefied petroleum gas (lpg) in the world?
+
The United States constituted the country with the largest volume of liquefied petroleum gas LPG) production, comprising approx. 28% of total volume. Moreover, liquefied petroleum gas LPG) production in the United States exceeded the figures recorded by the second-largest producer, China, threefold. The third position in this ranking was taken by Saudi Arabia, with an 8.3% share.
What are the leading suppliers of liquefied petroleum gas (lpg) to Hungary?
+
In value terms, the largest liquefied petroleum gas LPG) suppliers to Hungary were Russia, Slovakia and Belgium, together comprising 50% of total imports.
What are the leading importers of liquefied petroleum gas (lpg) from Hungary?
+
In value terms, the largest markets for liquefied petroleum gas LPG) exported from Hungary were Romania, Poland and Serbia, with a combined 66% share of total exports. These countries were followed by Slovenia, Croatia, Slovakia and Austria, which together accounted for a further 32%.
What is the average export price for liquefied petroleum gas (lpg) in Hungary?
+
The average liquefied petroleum gas LPG) export price stood at $696 per ton in 2021, picking up by 46% against the previous year.
What is the average import price for liquefied petroleum gas (lpg) in Hungary?
+
The average liquefied petroleum gas LPG) import price stood at $646 per ton in 2021, surging by 43% against the previous year.

This report provides an in-depth analysis of the market for liquefied petroleum gas (lpg) in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
Country coverage:
• Hungary

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Hungary
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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