Hungary: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Hungary

The Hungarian market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) was finally on the rise to reach $X in 2021, after three years of decline. In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Hungary

In 2021, the amount of acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from Hungary amounted to X tons, approximately reflecting the previous year. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 25% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) rose notably to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 24%. Over the period under review, the exports of reached the maximum at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Romania (X tons), Slovakia (X tons) and Slovenia (X tons) were the main destinations of exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Hungary, together accounting for 51% of total exports. Kyrgyzstan, Kazakhstan, Poland, France, Serbia, the Czech Republic, Austria and Germany lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +23.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from Hungary were Romania ($X), Kyrgyzstan ($X) and Slovakia ($X), with a combined 45% share of total exports.

In terms of the main countries of destination, Kyrgyzstan, with a CAGR of +24.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, with an increase of 6.7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 70%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Serbia ($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 Serbia (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Hungary

In 2021, purchases abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased by 26% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +41.8% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 29%. Over the period under review, imports of reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021. The total import value increased at an average annual rate of +6.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), South Korea (X tons) and France (X tons) were the main suppliers of imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Hungary, with a combined 62% share of total imports. These countries were followed by Belgium, the Netherlands, the Czech Republic, Italy, Slovenia and Denmark, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +25.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) suppliers to Hungary were Germany ($X), South Korea ($X) and France ($X), with a combined 61% share of total imports. These countries were followed by Belgium, the Netherlands, the Czech Republic, Italy, Slovenia and Denmark, which together accounted for a further 27%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +22.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, increasing by 18% against the previous year. Overall, the import price, however, saw a mild reduction. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+34.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform