Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in Hungary - 2023

Contents:

1. Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in Hungary (FOB) - 2023
2. Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in Hungary (CIF) - 2022
3. Exports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in Hungary
4. Imports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in Hungary

Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in Hungary (FOB) - 2023

In July 2023, the average sodium hexafluoroaluminate (synthetic cryolite) export price amounted to $2,698 per ton, increasing by 8.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.1%. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 27% against the previous month. As a result, the export price attained the peak level of $2,886 per ton. From May 2023 to July 2023, the the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In July 2023, the highest price was recorded for prices to the United States ($3,083 per ton) and Germany ($2,950 per ton), while the average price for exports to Slovenia ($2,070 per ton) and Poland ($2,205 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in Hungary (CIF) - 2022

The average sodium hexafluoroaluminate (synthetic cryolite) import price stood at $1,848 per ton in 2022, falling by -31.8% against the previous year. Overall, the import price, however, saw a noticeable increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 78%. The import price peaked at $6,898 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Slovenia ($2,425 per ton) and Denmark ($1,897 per ton), while the price for Poland ($1,712 per ton) and Croatia ($1,713 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in Hungary

In 2022, the amount of sodium hexafluoroaluminate (synthetic cryolite)s exported from Hungary totaled 3K tons, approximately reflecting 2021. In general, exports, however, recorded a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year.

In value terms, sodium hexafluoroaluminate (synthetic cryolite) exports soared to $6.5M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +6.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +100.9% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Sodium Hexafluoroaluminate (Synthetic Cryolite) from Hungary in 2022:

1. Spain (622.0 tons)
2. United States (589.0 tons)
3. Germany (474.5 tons)
4. South Korea (355.7 tons)
5. Slovenia (183.0 tons)
6. Poland (176.0 tons)
7. Czech Republic (130.0 tons)
8. Italy (120.0 tons)
9. Japan (100.0 tons)
10. United Kingdom (69.0 tons)
11. Brazil (51.2 tons)

Imports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in Hungary

Sodium hexafluoroaluminate (synthetic cryolite) imports into Hungary skyrocketed to 72 tons in 2022, increasing by 586% against the previous year. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sodium hexafluoroaluminate (synthetic cryolite) imports soared to $134K in 2022. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Sodium Hexafluoroaluminate (Synthetic Cryolite) to Hungary in 2022:

1. Poland (33.8 tons)
2. Denmark (27.0 tons)
3. Slovenia (6.6 tons)
4. Croatia (4.5 tons)
5. Germany (0.3 tons)

Source: IndexBox Market Intelligence Platform