Hungary: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Hungary

The Hungarian amine-function compounds market skyrocketed to $X in 2021, picking up by 17% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Amine-Function Compounds Production in Hungary

In value terms, amine-function compounds production surged to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a significant increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 526%. Amine-function compounds production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Amine-Function Compounds Exports

Exports from Hungary

In 2021, approx. X tons of amine-function compounds were exported from Hungary; increasing by 13% against the year before. Overall, total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +29.2% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 17%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, amine-function compounds exports surged to $X in 2021. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), Spain (X tons) and Belgium (X tons) were the main destinations of amine-function compounds exports from Hungary, together comprising 49% of total exports. These countries were followed by Italy, the Netherlands, Poland, South Korea, the United States, the UK, Germany, Russia and Romania, which together accounted for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +333.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for amine-function compounds exported from Hungary were Spain ($X), China ($X) and the Netherlands ($X), together comprising 40% of total exports. These countries were followed by Italy, Poland, Germany, Belgium, the United States, South Korea, the UK, Romania and Russia, which together accounted for a further 48%.

In terms of the main countries of destination, South Korea, with a CAGR of +317.9%, 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

The average amine-function compounds export price stood at $X per ton in 2021, with an increase of 17% against the previous year. Over the period under review, the export price, however, saw a slight contraction. The most prominent rate of growth was recorded in 2013 an increase of 30% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium ($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 (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Amine-Function Compounds Imports

Imports into Hungary

In 2021, purchases abroad of amine-function compounds decreased by -6.6% to X tons for the first time since 2018, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when imports increased by 21%. Over the period under review, imports reached the maximum at X tons in 2020, and then reduced in the following year.

In value terms, amine-function compounds imports skyrocketed to $X in 2021. Over the period under review, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Czech Republic (X tons), China (X tons) and Belgium (X tons) were the main suppliers of amine-function compounds imports to Hungary, together comprising 94% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +70.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest amine-function compounds suppliers to Hungary were the Czech Republic ($X), China ($X) and Belgium ($X), with a combined 83% share of total imports.

China, with a CAGR of +45.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average amine-function compounds import price amounted to $X per ton, rising by 48% against the previous year. Overall, the import price, however, continues to indicate a pronounced contraction. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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