Hungary: Market for Lithium Oxide, Hydroxide and Carbonate 2024

Market Size for Lithium Oxide, Hydroxide and Carbonate in Hungary

The Hungarian market for lithium oxide, hydroxide and carbonates surged to $X in 2022, 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 enjoyed a significant increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Exports of Lithium Oxide, Hydroxide and Carbonate

Exports from Hungary

In 2022, the amount of lithium oxide, hydroxide and carbonates exported from Hungary skyrocketed to X tons, growing by X% against 2021 figures. Overall, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, lithium oxide, hydroxide and carbonate exports skyrocketed to $X in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

South Korea (X tons), China (X tons) and Indonesia (X tons) were the main destinations of lithium oxide, hydroxide and carbonate exports from Hungary, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for lithium oxide, hydroxide and carbonate exported from Hungary were South Korea ($X), China ($X) and Indonesia ($X), together accounting for X% of total exports.

Among the main countries of destination, Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for lithium oxide, hydroxide and carbonates stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price saw a remarkable increase. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%).

Imports of Lithium Oxide, Hydroxide and Carbonate

Imports into Hungary

For the fifth consecutive year, Hungary recorded growth in overseas purchases of lithium oxide, hydroxide and carbonates, which increased by X% to X tons in 2022. Overall, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, lithium oxide, hydroxide and carbonate imports expanded remarkably to $X in 2022. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of lithium oxide, hydroxide and carbonate to Hungary, accounting for a X% share of total imports. Moreover, lithium oxide, hydroxide and carbonate imports from Belgium exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. South Korea (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and South Korea (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of lithium oxide, hydroxide and carbonates to Hungary, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the average import price for lithium oxide, hydroxide and carbonates amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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