Organo-sulphur compounds market in Hungary

Earlier Report Observations

From 2018 to 2020, the Hungarian market for organo-sulphur compounds saw moderate growth, with market volume rising from 6 340 t to 6 551 t and market value increasing from 29.2 million USD to 35.8 million USD. The market remained heavily import-dependent, as domestic production was minimal at only 2-3 t per year.

In 2021, the market expanded sharply to 11 655 t in volume and 53.7 million USD in value. This surge was driven by a major rise in imports, which jumped to 12 829 t from 8 030 t the previous year, indicating a spike in demand or inventory buildup.

After 2021, while market size figures are not reported, import volumes remained elevated in 2022 at 12 821 t before gradually declining to 9 606 t by 2025. Export volumes fluctuated between 1 000 t and 2 000 t annually, influencing the net supply available on the domestic market.

Production organo-sulphur compounds in Hungary

In value, 2018-2021, K $ US

In Hungary, the output value of organo-sulphur compounds reached 4,886 thousand US dollars in 2021, marking a 14.4% decrease compared to the previous year. Looking at the period from 2018 to 2021, production declined by 58.2%, with an average annual decrease of 25.2%.

Annual dynamics of production in Hungary in value, 2018-2021, K $ US

In kind, 2018-2021, kg

Hungary produced 2,000 kilograms of organo-sulphur compounds in 2021, showing minimal change from 2020. Over the 2018-2021 period, production fell by 33.3%, averaging a 12.6% annual decline. The lowest production level was recorded in 2020 at 2,000 kilograms.

Annual dynamics of production in Hungary in kind, 2018-2021, kg

Exports organo-sulphur compounds from Hungary

Exports in kind, t

In 2021, Hungary's exports of organo-sulphur compounds totaled 1,175 tonnes, down 20.7% year-over-year. From 2018 to 2021, exports decreased by 9.1%, with an average annual decline of 3.1%. The peak export volume occurred in 2020 at 1,481 tonnes, which also saw the largest annual increase of 20.4%.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, t

Between 2018 and 2021, the United States, Belgium, and Romania were the primary markets for Hungary's organo-sulphur compound exports by volume. The United States accounted for 61.9% of exports, Belgium for 10.5%, and Romania for 5.5%, together representing 77.9% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Hungary in kind, 2018-2021

Exports in value, K $ US

Hungary's organo-sulphur compound exports grew for the second consecutive year in 2021, reaching 14,260 thousand US dollars, with values largely stable compared to 2020. Over the 2018-2021 period, exports declined by 21.6%, averaging a 7.8% annual decrease. The lowest export value was recorded in 2019 at 13,467 thousand US dollars, which also experienced the largest annual decline of 26.0%. In contrast, 2020 saw the largest annual increase of 5.5%.

Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US

From 2018 to 2021, Israel, the United States, and Spain were the top destinations for Hungary's organo-sulphur compound exports by value. Israel represented 42.1% of exports, the United States 29.2%, and Spain 6.2%, collectively making up 77.6% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Hungary in value, 2018-2021

Imports organo-sulphur compounds to Hungary

Imports in kind, t

Hungary's imports of organo-sulphur compounds increased for the third consecutive year in 2021, reaching approximately 12,829 tonnes, a 59.8% rise compared to the previous year. Over the 2018-2021 period, imports grew by 68.1%, with an average annual increase of 18.9%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, t

Throughout 2018-2021, Germany, France, and Belgium were the key partners for Hungary's organo-sulphur compound imports by volume. Germany supplied 28.1% of imports, France 22.1%, and Belgium 19.6%, together accounting for 69.8% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Hungary in kind, 2018-2021

Imports in value, K $ US

Hungary's organo-sulphur compound imports grew for the second consecutive year in 2021, totaling 63,094 thousand US dollars, up 42.6% year-over-year. From 2018 to 2021, imports increased by 76.9%, with an average annual growth rate of 20.9%. The lowest import value was recorded in 2019 at 33,291 thousand US dollars, which also saw the largest annual decline of 6.6%.

Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US

Between 2018 and 2021, Germany, China, and Belgium were the main suppliers of organo-sulphur compounds to Hungary by value. Germany accounted for 21.9% of imports, China for 21.1%, and Belgium for 14.3%, together comprising 57.3% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Hungary in value, 2018-2021