Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Hungary - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Hungary (CIF) - 2022
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Hungary (FOB) - 2022
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Hungary
- Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Hungary
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Hungary (CIF) - 2022
In 2022, the average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $703 per ton, growing by 32% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fertilizers, mineral or chemical; containing nitrates and phosphateses increased by +42.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 69%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,735 per ton), while the price for Serbia ($353 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Hungary (FOB) - 2022
The average export price for fertilizers, mineral or chemical; containing nitrates and phosphateses stood at $341 per ton in 2022, reducing by -21.1% against the previous year. In general, the export price recorded a abrupt downturn. The growth pace was the most rapid in 2016 an increase of 70%. Over the period under review, the average export prices hit record highs at $1,132 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($416 per ton), while the average price for exports to Romania ($240 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 Serbia (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Hungary
In 2022, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses into Hungary surged to 15K tons, rising by 22% compared with the previous year. The total import volume increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern 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.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses soared to $10M in 2022. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1.6 | 1.3 | 2.0 | 3.7 | 32.2% |
| Serbia | 3.0 | 4.1 | 1.5 | 2.4 | -7.2% |
| Austria | 0.6 | 0.5 | 0.5 | 2.3 | 56.5% |
| Romania | N/A | N/A | N/A | 1.5 | 0% |
| Russia | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Poland | N/A | N/A | 2.1 | N/A | 0% |
| Others | 0.4 | 0.1 | 0.2 | 0.5 | 7.7% |
| Total | 5.6 | 6.1 | 6.4 | 10.4 | 22.9% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Hungary in 2022:
- Serbia (6.7K tons)
- Austria (3.7K tons)
- Italy (2.2K tons)
- Romania (2.0K tons)
Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Hungary
In 2022, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses from Hungary fell significantly to 218 tons, shrinking by -84.8% against the year before. In general, exports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2021 with an increase of 174% against the previous year. As a result, the exports attained the peak of 1.4K tons, and then reduced notably in the following year.
In value terms, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses dropped significantly to $74K in 2022. Overall, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 91% against the previous year.
| Export of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 289 | 8.2 | 367 | 36.4 | -49.9% |
| Czech Republic | 59.3 | 152 | 48.6 | 19.4 | -31.1% |
| Romania | 373 | 17.8 | 12.7 | 8.8 | -71.3% |
| Ukraine | 6.8 | 4.5 | 20.5 | 6.1 | -3.6% |
| North Macedonia | N/A | N/A | 49.4 | N/A | 0% |
| Serbia | 81.5 | 140 | 118 | N/A | 20.3% |
| Others | 24.8 | 1.4 | 4.0 | 3.6 | -47.4% |
| Total | 835 | 324 | 620 | 74.4 | -55.3% |
Top Export Markets for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates from Hungary in 2022:
- Slovakia (114.4 tons)
- Czech Republic (46.7 tons)
- Romania (36.6 tons)
- Ukraine (15.8 tons)
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