Report Update: May 1, 2024

Hungary - Nitrates (Excluding Those Of Potassium) - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Nitrates Price in Hungary - 2023

Nitrates Price in Hungary (CIF) - 2022

The average nitrates import price stood at $1,264 per ton in 2022, which is down by -22.3% against the previous year. In general, the import price, however, continues to indicate modest growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 100% against the previous year. As a result, import price reached the peak level of $1,628 per ton, and then declined significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($10,100 per ton), while the price for Poland ($519 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 (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Nitrates Price in Hungary (FOB) - 2022

In 2022, the average nitrates export price amounted to $473 per ton, with a decrease of -12.7% against the previous year. In general, the export price, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 an increase of 223% against the previous year. The export price peaked at $667 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($2,732 per ton), while the average price for exports to Poland ($169 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 (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrates Imports in Hungary

In 2022, purchases abroad of nitrates (excluding those of potassium) was finally on the rise to reach 1.7K tons after two years of decline. Overall, imports, however, faced a sharp downturn.

In value terms, nitrates imports skyrocketed to $2.1M in 2022. Over the period under review, imports, however, continue to indicate a abrupt setback.

Import of Nitrates in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	908	885	790	1,011	3.6%
Poland	432	420	178	538	7.6%
Ireland	103	77.3	85.2	138	10.2%
Czech Republic	101	100	113	133	9.6%
Greece	113	13.6	58.2	113	0.0%
Netherlands	1.4	16.1	N/A	53.8	237.5%
Italy	67.0	45.3	11.3	46.8	-11.3%
Sweden	849	672	N/A	N/A	-20.8%
Others	99.2	59.4	54.1	61.6	-14.7%
Total	2,673	2,289	1,290	2,095	-7.8%

Top Suppliers of Nitrates to Hungary in 2022:

Poland (1035.1 tons)
Germany (202.0 tons)
Greece (162.0 tons)
Netherlands (92.4 tons)
Ireland (85.3 tons)
Czech Republic (30.2 tons)
Italy (28.0 tons)

Nitrates Exports in Hungary

In 2022, approx. 913 tons of nitrates (excluding those of potassium) were exported from Hungary; increasing by 156% against 2021 figures. Overall, exports, however, showed a precipitous slump.

In value terms, nitrates exports surged to $432K in 2022. In general, exports, however, showed a abrupt downturn.

Export of Nitrates in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
North Macedonia	195	108	135	202	1.2%
Poland	74.5	198	41.5	114	15.2%
Serbia	11.1	N/A	N/A	89.1	100.2%
Romania	153	84.4	1.7	13.6	-55.4%
Czech Republic	19.5	24.3	0.9	0.2	-78.3%
Croatia	24.8	35.9	0.1	N/A	-93.6%
Austria	111	118	5.6	N/A	-77.5%
Others	2.8	22.8	8.7	13.1	67.3%
Total	592	590	193	432	-10.0%

Top Export Markets for Nitrates from Hungary in 2022:

Poland (671.2 tons)
Serbia (97.1 tons)
North Macedonia (74.1 tons)
Romania (53.5 tons)
Czech Republic (1.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the nitrates market 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:

Prodcom 20134210 - Nitrates (excluding those of potassium)

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023