Hungary: Rare Gases Market 2024

Rare Gases Market Size in Hungary

After two years of decline, the Hungarian rare gases market increased by X% to $X in 2022. Over the period under review, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Rare Gases Production in Hungary

In value terms, rare gases production amounted to $X in 2022 estimated in export price. Overall, production posted prominent growth. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Rare Gases Exports

Exports from Hungary

In 2022, approx. X cubic meters of rare gases (excluding argon) were exported from Hungary; leveling off at the previous year's figure. Over the period under review, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, rare gases exports shrank to $X in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021, and then fell in the following year.

Exports by Country

The Czech Republic (X cubic meters), Romania (X cubic meters) and Germany (X cubic meters) were the main destinations of rare gases exports from Hungary, together comprising X% of total exports. Austria, Slovakia, Croatia, Poland, Ukraine, Bulgaria and Slovenia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the key foreign market for rare gases (excluding argon) exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Romania ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Austria (X% per year).

Export Prices by Country

In 2022, the average rare gases export price amounted to $X per cubic meter, reducing by X% against the previous year. Over the period under review, the export price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, 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 a decline.

Rare Gases Imports

Imports into Hungary

In 2022, approx. X cubic meters of rare gases (excluding argon) were imported into Hungary; increasing by X% against 2021 figures. In general, imports, however, saw a pronounced setback. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X cubic meters. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, rare gases imports shrank to $X in 2022. Overall, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X cubic meters) constituted the largest rare gases supplier to Hungary, with a X% share of total imports. Moreover, rare gases imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X cubic meters), fivefold. Italy (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Italy (X% per year).

In value terms, Germany ($X) constituted the largest supplier of rare gases (excluding argon) to Hungary, comprising X% of total imports. The second position in the ranking was taken by Austria ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

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

Import Prices by Country

In 2022, the average rare gases import price amounted to $X per cubic meter, waning by X% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rare gases import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per cubic meter in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per cubic meter), while the price for France ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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