Commodity Market Report

Hungary downstream oil long-term outlook

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24 February 2021

Hungary downstream oil long-term outlook

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. Despite the dominance of the top three players, the overall structure of the Hungarian market remains fragmented and characterised by a large number of small, independent players. As such, there is scope for further network consolidation.

Table of contents

  • Market drivers
  • Outlook
  • Gasoline
  • Diesel/gas oil
  • Jet kerosene
  • Fuel oil
  • Regulatory issues
  • Product quality
  • Overall position - net importer
    • Volumes
    • Overall network development
    • International oil companies
    • MOL
    • Shell
    • Normbenz Magyarország Kft. (LUKOIL)
    • Independent groups
    • Hypermarkets
    • Network efficiency
    • Performance pacesetters in the retail market
    • Non-fuel retailing
    • Motor fuels (gasoline and diesel)
    • Industrial/domestic gasoil
    • Aviation kerosene
    • Heavy fuel oil
    • LPG
    • Lubricants
    • Retail fuels marketing
    • Retail price formation
    • Commercial fuels marketing
  • Distribution of oil products
  • Oil product storage infrastructure
    • Pipeline capacity and ownership
  • Country crude slate overview
  • Refining overview

Tables and charts

This report includes 28 images and tables including:

  • Key demand indicators
  • Total demand
  • Annual demand change
  • Car parc by vehicle type
  • Gasoil/diesel demand by sector
  • Fuel oil demand by sector
  • Demand forecast (kt)
  • Biogasoline and biodiesel blending percentages
  • Trade balance
  • Key trading regions
  • Gasoline - Net importer
  • Jet/kero - Net exporter
  • Diesel/gasoil - Net importer
  • Fuel oil - Net exporter
  • Main products: annual average unit gross margins
  • Crude input slate
  • Retail fuel volumes
  • Network size and structure
  • Retail outlets by brand
  • Retail market shares
  • Network size and throughput per site
  • Network effectiveness ratio: ratio of share of fuel sales to share of sites
  • Commercial diesel volumes
  • Retail gasoline 95RON price formation (average 2020)
  • Retail diesel price formation (average 2020)
  • Storage and distribution infrastructure

What's included

This report contains:

  • Document

    Hungary downstream oil long-term outlook

    PDF 2.13 MB