Hungary: Alcohols Market 2021

Alcohols Market Size in Hungary

In 2020, the Hungarian alcohols market decreased by -X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Alcohols Production in Hungary

In value terms, alcohols production declined sharply to $X in 2020 estimated in export prices. In general, production, however, saw a deep contraction. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. from 2017 to 2020, production growth remained at a somewhat lower figure.

Alcohols Exports

Exports from Hungary

For the sixth year in a row, Hungary recorded decline in overseas shipments of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, which decreased by -X% to X tons in 2020. Over the period under review, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. As a result, exports reached the peak of X tons. from 2012 to 2020, the growth exports remained at a lower figure.

In value terms, alcohols exports declined rapidly to $X in 2020. Overall, exports showed a noticeable slump. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2012 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Romania (X tons) was the main destination for alcohols exports from Hungary, with a X% share of total exports. Moreover, alcohols exports to Romania exceeded the volume sent to the second major destination, Austria (X tons), threefold. The third position in this ranking was occupied by Slovakia (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Romania stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-X% per year) and Slovakia (+X% per year).

In value terms, the largest markets for alcohols exported from Hungary were Romania ($X), Italy ($X) and Austria ($X), together comprising X% of total exports. Slovakia, Serbia, Ukraine and Croatia lagged somewhat behind, together comprising a further X (+X% per year) recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average alcohols export price stood at $X per ton in 2020, with a decrease of -X% against the previous year. Overall, the export price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2019, and then reduced in the following year.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia, while the prices for the other major destinations experienced more modest paces of growth.

Alcohols Imports

Imports into Hungary

In 2020, after three years of growth, there was significant decline in supplies from abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, when their volume decreased by -X% to X tons. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Imports peaked at X tons in 2019, and then contracted in the following year.

In value terms, alcohols imports fell to $X in 2020. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Imports peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

Russia (X tons), Slovakia (X tons) and Germany (X tons) were the main suppliers of alcohols imports to Hungary, with a combined X% share of total imports. These countries were followed by Serbia, Austria, the Netherlands and Poland, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of alcohols to Hungary, comprising X% of total imports. The second position in the ranking was occupied by Russia ($X), with a X% share of total imports. It was followed by Slovakia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-X% per year) and Slovakia (+X% per year).

Import Prices by Country

The average alcohols import price stood at $X per ton in 2020, picking up by X% against the previous year. Over the period under review, the import price, however, saw a mild downturn. The growth pace was the most rapid in 2017 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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