Key Market Indicators
Production of fertilizers in Hungary is expected to reach 199,160 metric tons in 2026, up from 153,780 metric tons in 2021. This is an average annual growth rate of 4.2%, compared to a 1.8% increase since 2018. In 2021, Hungary was ranked 19th for fertilizer production, overtaken by the Philippines with 153,780 metric tons. India, Vietnam and Indonesia were ranked 2nd, 3rd and 4th respectively. Exports of fertilizers from Hungary are projected to reach 52,830 metric tons by 2026, up from 50,200 metric tons in 2021. This is an average annual growth rate of 0.8%, compared to a 7.2% decrease since 2007. In 2021, Hungary was ranked 33rd in fertilizer exports, with Israel ranking ahead at 50,200 metric tons. Norway, Belgium and Finland were ranked 2nd, 3rd and 4th respectively. Imports of fertilizers to Hungary are set to reach 347,690 metric tons by 2026, up from 304,030 metric tons in 2021. This is an average annual CAGR of 2.1%, compared to a 6.8% increase since 2007. In 2021, Hungary was ranked 16th for fertilizer imports, with Belgium coming in ahead at 304,030 metric tons. Brazil, Spain and Thailand were ranked 2nd, 3rd and 4th respectively.
