Hungary: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in Hungary

In 2023, after two years of growth, there was significant decline in the Hungarian calcium ammonium nitrate (CAN) market, when its value decreased by X% to $X. Over the period under review, consumption showed a pronounced contraction. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

Production of Calcium Ammonium Nitrate (CAN) in Hungary

In value terms, calcium ammonium nitrate (CAN) production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production, however, showed a slight increase. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Calcium ammonium nitrate (CAN) production peaked at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Exports of Calcium Ammonium Nitrate (CAN)

Exports from Hungary

In 2023, approx. X tons of calcium ammonium nitrate (CAN) were exported from Hungary; falling by X% against the previous year's figure. In general, exports, however, posted a measured expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2022, and then reduced sharply in the following year.

In value terms, calcium ammonium nitrate (CAN) exports dropped remarkably to $X in 2023. Over the period under review, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at $X in 2022, and then shrank sharply in the following year.

Exports by Country

Romania (X tons), Germany (X tons) and Austria (X tons) were the main destinations of calcium ammonium nitrate (CAN) exports from Hungary, with a combined X% share of total exports. Poland, Slovakia, Italy, the Czech Republic, Croatia, Serbia and Slovenia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Germany ($X) and Poland ($X) constituted the largest markets for calcium ammonium nitrate (CAN) exported from Hungary worldwide, together accounting for X% of total exports. Austria, Slovakia, Italy, Croatia, Serbia, the Czech Republic and Slovenia lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average calcium ammonium nitrate (CAN) export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price posted a tangible expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Calcium Ammonium Nitrate (CAN)

Imports into Hungary

In 2023, purchases abroad of calcium ammonium nitrate (CAN) decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, calcium ammonium nitrate (CAN) imports dropped notably to $X in 2023. In general, imports, however, posted slight growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then dropped remarkably in the following year.

Imports by Country

In 2023, Austria (X tons) constituted the largest supplier of calcium ammonium nitrate (CAN) to Hungary, with a X% share of total imports. Moreover, calcium ammonium nitrate (CAN) imports from Austria exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), threefold. Ukraine (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Austria stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and Ukraine (X% per year).

In value terms, Austria ($X), Slovakia ($X) and Ukraine ($X) were the largest calcium ammonium nitrate (CAN) suppliers to Hungary, together accounting for X% of total imports. Romania, Russia, Slovenia, Croatia and Belgium lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Russia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average calcium ammonium nitrate (CAN) import price stood at $X per ton in 2023, rising by X% against the previous year. In general, the import price, however, recorded a pronounced descent. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform