Price for Fertilizers; Mineral or Chemical, Phosphatic in Hungary - 2023

Contents:

1. Price for Fertilizers; Mineral or Chemical, Phosphatic in Hungary (CIF) - 2023
2. Price for Fertilizers; Mineral or Chemical, Phosphatic in Hungary (FOB) - 2022
3. Imports of Fertilizers; Mineral or Chemical, Phosphatic in Hungary
4. Exports of Fertilizers; Mineral or Chemical, Phosphatic in Hungary

Price for Fertilizers; Mineral or Chemical, Phosphatic in Hungary (CIF) - 2023

The average import price for fertilizers; mineral or chemical, phosphatics stood at $462 per ton in April 2023, growing by 3% against the previous month. In general, the import price showed a modest increase. The pace of growth appeared the most rapid in May 2022 an increase of 84% m-o-m. As a result, import price attained the peak level of $718 per ton. From June 2022 to April 2023, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Slovenia.

From April 2022 to April 2023, the rate of growth in terms of prices for the Netherlands amounted to +42.3% per month.

Price for Fertilizers; Mineral or Chemical, Phosphatic in Hungary (FOB) - 2022

The average export price for fertilizers; mineral or chemical, phosphatics stood at $169 per ton in 2022, declining by -22.9% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2015 an increase of 62%. Over the period under review, the average export prices attained the maximum at $411 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Romania.

From 2012 to 2022, the rate of growth in terms of prices for Slovakia amounted to +9.5% per year.

Imports of Fertilizers; Mineral or Chemical, Phosphatic in Hungary

In 2022, after three years of growth, there was significant decline in overseas purchases of fertilizers; mineral or chemical, phosphatics, when their volume decreased by -10.1% to 15K tons. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 110% against the previous year. As a result, imports reached the peak of 17K tons, and then declined in the following year.

In value terms, fertilizers; mineral or chemical, phosphatic imports surged to $5.5M in 2022. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 147%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to Hungary in 2022:

1. Austria (5.8K tons)
2. Slovenia (3.1K tons)
3. Poland (2.9K tons)
4. Germany (2.2K tons)
5. Italy (0.9K tons)
6. Bulgaria (0.1K tons)

Exports of Fertilizers; Mineral or Chemical, Phosphatic in Hungary

Fertilizers; mineral or chemical, phosphatic exports from Hungary contracted to 1K tons in 2022, waning by -10% on 2021. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 21,047%. As a result, the exports attained the peak of 1.1K tons, and then dropped in the following year.

In value terms, fertilizers; mineral or chemical, phosphatic exports shrank markedly to $171K in 2022. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 11,588%. As a result, the exports attained the peak of $247K, and then reduced sharply in the following year.

Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from Hungary in 2022:

1. Poland (undefined tons)
2. Romania (1014.9 tons)

Source: IndexBox Market Intelligence Platform