Price for Glycosides; Rutoside (Rutin) and Its Derivatives in Hungary - 2023
Contents:
- Price for Glycosides; Rutoside (Rutin) and Its Derivatives in Hungary (FOB) - 2022
- Price for Glycosides; Rutoside (Rutin) and Its Derivatives in Hungary (CIF) - 2023
- Exports of Glycosides; Rutoside (Rutin) and Its Derivatives in Hungary
- Imports of Glycosides; Rutoside (Rutin) and Its Derivatives in Hungary
Price for Glycosides; Rutoside (Rutin) and Its Derivatives in Hungary (FOB) - 2022
The average export price for glycosides; rutoside (rutin) and its derivativeses stood at $69,515 per ton in 2022, waning by -7.4% against the previous year. Over the period under review, the export price, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 15% against the previous year. As a result, the export price reached the peak level of $78,207 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for France.
From 2014 to 2022, the rate of growth in terms of prices for France amounted to +1.2% per year.
Price for Glycosides; Rutoside (Rutin) and Its Derivatives in Hungary (CIF) - 2023
In November 2023, the average import price for glycosides; rutoside (rutin) and its derivativeses amounted to $57,071 per ton, leveling off at the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 56% m-o-m. As a result, import price reached the peak level of $92,334 per ton. From January 2023 to November 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to -0.3% per month.
Exports of Glycosides; Rutoside (Rutin) and Its Derivatives in Hungary
For the fourth year in a row, Hungary recorded growth in shipments abroad of glycosides; rutoside (rutin) and its derivativeses, which increased by 30% to 326 tons in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 439% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of glycosides; rutoside (rutin) and its derivativeses soared to $23M in 2022. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 522% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Glycosides; Rutoside (Rutin) and Its Derivatives in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2.9 | 18.0 | 18.9 | 22.7 | 98.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.9 | 18.0 | 18.9 | 22.7 | 98.6% |
Top Export Markets for Glycosides; Rutoside (Rutin) and Its Derivatives from Hungary in 2022:
- France (326.3 tons)
Imports of Glycosides; Rutoside (Rutin) and Its Derivatives in Hungary
For the fourth year in a row, Hungary recorded growth in overseas purchases of glycosides; rutoside (rutin) and its derivativeses, which increased by 38% to 76 tons in 2022. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 357%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of glycosides; rutoside (rutin) and its derivativeses skyrocketed to $4.3M in 2022. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 433%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Glycosides; Rutoside (Rutin) and Its Derivatives in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 370 | 1,120 | 3,080 | 4,221 | 125.1% |
| Spain | 39.7 | 41.0 | 28.9 | 92.2 | 32.4% |
| France | 0.8 | 1,034 | N/A | 0.1 | -50.0% |
| Others | 7.5 | 32.5 | 13.7 | 9.0 | 6.3% |
| Total | 418 | 2,227 | 3,122 | 4,323 | 117.9% |
Top Suppliers of Glycosides; Rutoside (Rutin) and Its Derivatives to Hungary in 2022:
- China (75.1 tons)
- Spain (1.2 tons)
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