Key Market Indicators
By 2026, Hungary is expected to produce 199,160 Metric Tons of fertilizers, a 4.2% year-on-year growth since 2018. In 2021, Hungary ranked 19th in the world in terms of production, with the Philippines overtaking with 153,780 Metric Tons. India, Vietnam and Indonesia came in at 2nd, 3rd and 4th place respectively. Exports of fertilizers from Hungary is predicted to reach 52,830 Metric Tons by 2026, a 0.8% year-on-year increase since 2007. In 2021, Hungary ranked 33rd in the world, with Israel ahead of them with 50,200 Metric Tons. Norway, Belgium and Finland were at 2nd, 3rd and 4th place respectively. Finally, Hungary is projected to import 347,690 Metric Tons of fertilizers by 2026, a 2.1% year-on-year growth since 2007. In 2021, Hungary ranked 16th in the world in terms of imports, with Belgium ahead with 304,030 Metric Tons. Brazil, Spain and Thailand came in at 2nd, 3rd and 4th place respectively.
