Hungary - Ammonium Nitrate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAmmonium Nitrate Price in Hungary - 2023
Contents:
- Ammonium Nitrate Price in Hungary (CIF) - 2023
- Ammonium Nitrate Price in Hungary (FOB) - 2023
- Ammonium Nitrate Imports in Hungary
- Ammonium Nitrate Exports in Hungary
Ammonium Nitrate Price in Hungary (CIF) - 2023
The average ammonium nitrate import price stood at $154 per ton in July 2023, shrinking by -11% against the previous month. Overall, the import price showed a abrupt curtailment. The growth pace was the most rapid in October 2022 an increase of 79% m-o-m. As a result, import price reached the peak level of $618 per ton. From November 2022 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Bulgaria ($297 per ton), while the price for Slovakia ($128 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Austria (+10.1%), while the prices for the other major suppliers experienced a decline.
Ammonium Nitrate Price in Hungary (FOB) - 2023
In June 2023, the average ammonium nitrate export price amounted to $396 per ton, declining by -13% against the previous month. Overall, the export price continues to indicate a deep contraction. The growth pace was the most rapid in November 2022 when the average export price increased by 188% m-o-m. Over the period under review, the average export prices reached the maximum at $1,330 per ton in December 2022; however, from January 2023 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Slovakia ($3,698 per ton), while the average price for exports to Lithuania ($279 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.
Ammonium Nitrate Imports in Hungary
In 2022, the amount of ammonium nitrate imported into Hungary soared to 126K tons, rising by 57% against the previous year's figure. In general, imports continue to indicate a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, ammonium nitrate imports surged to $28M in 2022. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 84%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
Import of Ammonium Nitrate in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Slovakia | 4.4 | 5.1 | 9.3 | 15.8 | 53.1% |
Austria | 0.2 | 0.1 | 0.1 | 3.6 | 162.1% |
Bulgaria | 1.7 | 0.4 | 0.6 | 3.4 | 26.0% |
Sweden | N/A | N/A | 1.1 | 2.0 | 81.8% |
Poland | N/A | N/A | 0.7 | 1.7 | 142.9% |
Romania | 6.2 | 1.5 | 3.6 | 0.7 | -51.7% |
Slovenia | N/A | N/A | 0.2 | 0.5 | 150.0% |
Ukraine | N/A | 0.8 | 0.3 | N/A | -62.5% |
Others | 0.3 | 1.2 | 0.8 | 0.7 | 32.6% |
Total | 12.8 | 9.1 | 16.6 | 28.3 | 30.3% |
Top Suppliers of Ammonium Nitrate to Hungary in 2022:
- Slovakia (87.3K tons)
- Austria (11.8K tons)
- Bulgaria (10.7K tons)
- Sweden (6.7K tons)
- Poland (3.8K tons)
- Romania (2.3K tons)
- Slovenia (2.3K tons)
Ammonium Nitrate Exports in Hungary
In 2022, overseas shipments of ammonium nitrate decreased by -5.8% to 30K tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 60%. As a result, the exports attained the peak of 78K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, ammonium nitrate exports fell slightly to $7.8M in 2022. In general, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 50% against the previous year. As a result, the exports reached the peak of $16M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Ammonium Nitrate in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 3.1 | 5.1 | 2.7 | 2.9 | -2.2% |
Serbia | 5.5 | 6.6 | 1.0 | 2.8 | -20.2% |
Italy | 0.2 | 0.1 | 0.6 | 1.4 | 91.3% |
Slovakia | 0.3 | 0.3 | 0.9 | 0.6 | 26.0% |
Poland | 1.6 | 3.8 | 2.4 | N/A | 22.5% |
Others | 0.2 | 0.3 | 0.5 | 0.1 | -20.6% |
Total | 10.8 | 16.2 | 8.0 | 7.8 | -10.3% |
Top Export Markets for Ammonium Nitrate from Hungary in 2022:
- Serbia (12.7K tons)
- Romania (12.4K tons)
- Italy (2.8K tons)
- Slovakia (2.2K tons)
- Poland (0.1K tons)
This report provides an in-depth analysis of the ammonium nitrate 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:
- FCL 4003 - Ammonium nitrate (AN)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the global ammonium nitrate market.
The global market for ammonium nitrate is expected to experience steady growth over the next seven years, with market volume projected to reach 31M tons and market value expected to reach $15.8B by the end of 2030. The market is forecasted to see a CAGR of +3.0% in volume and +5.5% in value from 2023 to 2030.
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