Hungary downstream oil long-term outlook Report

Commodity Market Report 14 March 2023

Get this report

$4,750

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

Report summary

The Hungarian oil products market is dominated by sole domestic refiner, MOL. Having a supply advantage in a land-locked market enables MOL to exert influence on wholesale prices. It is also market leader in the retail fuel segment. Apart from MOL’s main competitors, Shell and OMV, there is a discount segment as well. This segment includes the automated sites of independent players ENVI, Auchan, Mobil Petrol and those of the supermarket chain Aldi. We expect non-fuel retail to play an increasingly important part in supporting net profitability for retailers by embracing consumer needs and reducing exposure to falling transport fuel demand. MOL, Shell and OMV are leading the way by investing in forecourt diversification to embrace these trends.

Market drivers
Outlook
Car parc
Gasoline
Diesel/gas oil
Jet kerosene
Regulatory issues
- Product quality
- Biofuels
- Electric vehicles
- Retail volumes
- Retail network development
- Major players: competitive position
- Major players: strategies
- MOL
- Shell
- PKN ORLEN
- Independent groups
- Hypermarkets
- Non-fuel retailing
- Motor fuels (gasoline and diesel)
- Industrial/domestic gasoil
- Aviation kerosene
- Heavy fuel oil
- LPG
- Lubricants
Key issues influencing gross fuel margins
- Retail fuels marketing
- Retail price formation
- Commercial fuels marketing
Distribution of oil products
Oil product storage infrastructure

Tables and charts

This report includes 15 images and tables including:

Total demand
Demand by product
Car parc by vehicle type

Duna refinery profile
Biogasoline and biodiesel blending percentages
Retail fuel volumes
Retail network size and market share by player (2022)
Network development and average site throughput
Network effectiveness ratio: ratio of share of fuel sales to share of sites (2022)
Commercial fuels demand
Gross retail margins per year
Retail gasoline 95RON price formation (average 2022)
Retail diesel price formation (average 2022)
Storage and distribution infrastructure