Hungary: Carbon Market 2024

Carbon Market Size in Hungary

The Hungarian carbon market dropped sharply to $X in 2023, declining by X% against the previous year. Over the period under review, consumption saw a mild downturn. As a result, consumption reached the peak level of $X, and then fell rapidly in the following year.

Carbon Production in Hungary

In value terms, carbon production declined slightly to $X in 2023 estimated in export price. Overall, production showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Carbon production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Carbon Exports

Exports from Hungary

In 2023, exports of carbon (carbon blacks and other forms of carbon) from Hungary dropped markedly to X tons, declining by X% on the previous year. In general, exports showed a noticeable setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, carbon exports reduced to $X in 2023. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2022, and then dropped in the following year.

Exports by Country

Romania (X tons), Slovakia (X tons) and Serbia (X tons) were the main destinations of carbon exports from Hungary, with a combined X% share of total exports. The United Arab Emirates, Germany, Poland, Austria, Turkey, France, Bulgaria, Spain, Italy and Saudi Arabia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for carbon exported from Hungary were Romania ($X), Slovakia ($X) and Serbia ($X), together accounting for X% of total exports. Poland, Germany, the United Arab Emirates, France, Turkey, Spain, Bulgaria, Austria, Italy and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average carbon export price stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price saw slight growth. The pace of growth was the most pronounced in 2022 when the average export price increased by X%. The export price peaked in 2023 and is expected to retain growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carbon Imports

Imports into Hungary

In 2023, supplies from abroad of carbon (carbon blacks and other forms of carbon) decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X%. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports failed to regain momentum.

In value terms, carbon imports dropped sharply to $X in 2023. Over the period under review, imports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then declined rapidly in the following year.

Imports by Country

China (X tons), Russia (X tons) and the Czech Republic (X tons) were the main suppliers of carbon imports to Hungary, together comprising X% of total imports. Poland, Egypt, India and Ukraine lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Czech Republic ($X) and Russia ($X) constituted the largest carbon suppliers to Hungary, with a combined X% share of total imports. Poland, Egypt, India and Ukraine lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X.7%, saw 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 carbon import price stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price, however, continues to indicate a measured increase. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Egypt ($X per ton), while the price for India ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform