Hungary: Market for Acid And Mordant Dyes And Preparations Based Thereon 2024

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in Hungary

For the third year in a row, the Hungarian acid and mordant dye market recorded decline in sales value, which decreased by -11% to $X in 2021. Overall, consumption posted a notable increase. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Hungary

In 2021, the amount of acid and mordant dyes and preparations based thereon exported from Hungary rose sharply to X tons, growing by 10% against 2020 figures. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 266% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, acid and mordant dye exports fell to $X in 2021. Overall, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 341%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Romania (X tons) and Poland (X tons) were the main destinations of acid and mordant dye exports from Hungary, with a combined 82% share of total exports. These countries were followed by Italy, Serbia and Bulgaria, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +197.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for acid and mordant dyes and preparations based thereon exports from Hungary, comprising 59% of total exports. The second position in the ranking was taken by Poland ($X), with a 15% share of total exports. It was followed by Romania, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +78.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+17.4% per year) and Romania (+36.0% per year).

Export Prices by Country

The average acid and mordant dye export price stood at $X per ton in 2021, dropping by -21.2% against the previous year. Overall, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2016 an increase of 21% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: among the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into Hungary

In 2021, supplies from abroad of acid and mordant dyes and preparations based thereon was finally on the rise to reach X tons after two years of decline. In general, imports posted a strong expansion. The growth pace was the most rapid in 2014 with an increase of 111% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, acid and mordant dye imports declined notably to $X in 2021. Overall, imports saw notable growth. The pace of growth was the most pronounced in 2014 when imports increased by 55% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Belgium (X tons) constituted the largest acid and mordant dye supplier to Hungary, with a 48% share of total imports. Moreover, acid and mordant dye imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by France (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium stood at +74.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.2% per year) and France (+35.0% per year).

In value terms, Germany ($X) constituted the largest supplier of acid and mordant dyes and preparations based thereon to Hungary, comprising 43% of total imports. The second position in the ranking was taken by France ($X), with a 9.2% share of total imports. It was followed by Belgium, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+38.4% per year) and Belgium (+23.6% per year).

Import Prices by Country

The average acid and mordant dye import price stood at $X per ton in 2021, reducing by -28.7% against the previous year. Over the period under review, the import price saw a perceptible decrease. The pace of growth was the most pronounced in 2017 an increase of 51% against the previous year. The import price peaked at $X per ton in 2020, and then fell sharply in the following year.

Prices varied noticeably by country of origin: among the top importers, the country with the highest price was India ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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