Organo-Sulphur Compounds; Methionine Price in Hungary - 2023
Contents:
- Organo-Sulphur Compounds; Methionine Price in Hungary (CIF) - 2023
- Organo-Sulphur Compounds; Methionine Price in Hungary (FOB) - 2022
- Organo-Sulphur Compounds; Methionine Imports in Hungary
- Organo-Sulphur Compounds; Methionine Exports in Hungary
Organo-Sulphur Compounds; Methionine Price in Hungary (CIF) - 2023
The average organo-sulphur compounds; methionine import price stood at $2,371 per ton in May 2023, remaining constant against the previous month. Overall, the import price continues to indicate a mild setback. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 11% against the previous month. The import price peaked at $3,192 per ton in June 2022; however, from July 2022 to May 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In May 2023, the country with the highest price was Germany ($2,464 per ton), while the price for Belgium ($2,306 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Germany (-0.8%), while the prices for the other major suppliers experienced a decline.
Organo-Sulphur Compounds; Methionine Price in Hungary (FOB) - 2022
The average organo-sulphur compounds; methionine export price stood at $3,529 per ton in 2022, rising by 25% against the previous year. Over the period under review, the export price, however, saw a mild decrease. The pace of growth was the most pronounced in 2015 when the average export price increased by 28% against the previous year. As a result, the export price attained the peak level of $5,217 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($3,927 per ton) and Romania ($3,717 per ton), while the average price for exports to Poland ($2,620 per ton) and Slovakia ($3,381 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+29.3%), while the prices for the other major destinations experienced mixed trend patterns.
Organo-Sulphur Compounds; Methionine Imports in Hungary
In 2022, approx. 5.4K tons of organo-sulphur compounds; methionines were imported into Hungary; therefore, remained relatively stable against the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, organo-sulphur compounds; methionine imports expanded markedly to $16M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Organo-Sulphur Compounds; Methionine in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.7 | 4.0 | 4.9 | 5.5 | -1.2% |
| France | 3.1 | 3.4 | 4.9 | 5.1 | 18.1% |
| Belgium | 1.1 | 1.3 | 2.7 | 4.5 | 59.9% |
| Poland | 0.2 | 0.4 | 0.8 | 0.5 | 35.7% |
| Netherlands | N/A | 0.4 | 0.3 | 0.1 | -50.0% |
| Malaysia | 1.0 | N/A | 0.1 | N/A | -68.4% |
| Others | 0.3 | 0.5 | 0.6 | 0.4 | 10.1% |
| Total | 11.4 | 10.1 | 14.3 | 16.1 | 12.2% |
Top Suppliers of Organo-Sulphur Compounds; Methionine to Hungary in 2022:
- Germany (1933.2 tons)
- France (1720.2 tons)
- Belgium (1465.6 tons)
- Poland (179.4 tons)
- Netherlands (18.6 tons)
Organo-Sulphur Compounds; Methionine Exports in Hungary
Organo-sulphur compounds; methionine exports from Hungary surged to 259 tons in 2022, rising by 37% against the previous year's figure. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, organo-sulphur compounds; methionine exports skyrocketed to $913K in 2022. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Organo-Sulphur Compounds; Methionine in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 73.8 | 0.4 | 258 | 351 | 68.2% |
| Slovakia | 52.2 | 113 | 95.7 | 166 | 47.1% |
| Russia | N/A | N/A | N/A | 157 | 0% |
| Czech Republic | 37.3 | 21.0 | 69.0 | 135 | 53.5% |
| Poland | N/A | N/A | 49.0 | 65.5 | 33.7% |
| Croatia | N/A | 17.3 | 29.1 | 14.8 | -7.5% |
| Italy | 111 | 183 | N/A | 13.6 | -50.3% |
| Others | 3.2 | 26.2 | 33.3 | 10.2 | 47.2% |
| Total | 278 | 360 | 534 | 913 | 48.6% |
Top Export Markets for Organo-Sulphur Compounds; Methionine from Hungary in 2022:
- Romania (94.3 tons)
- Slovakia (49.1 tons)
- Russia (40.0 tons)
- Czech Republic (39.1 tons)
- Poland (25.0 tons)
- Italy (4.0 tons)
- Croatia (4.0 tons)
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