Hungary: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Hungary

The Hungarian anti-freezing preparations market reduced modestly to $X in 2021, which is down by -3.2% against the previous year. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -24.4% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Anti-Freezing Preparations Production in Hungary

In value terms, anti-freezing preparations production stood at $X in 2021 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.4% against 2018 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 64% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Anti-Freezing Preparations Exports

Exports from Hungary

In 2021, overseas shipments of anti-freezing preparations and prepared de-icing fluids increased by 12% to X tons, rising for the third year in a row after two years of decline. In general, exports recorded resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by 93% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, anti-freezing preparations exports surged to $X in 2021. Overall, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2016 when exports increased by 91%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Romania (X tons) was the main destination for anti-freezing preparations exports from Hungary, with a 63% share of total exports. Moreover, anti-freezing preparations exports to Romania exceeded the volume sent to the second major destination, Austria (X tons), sevenfold. The Czech Republic (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume to Romania totaled +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+41.3% per year) and the Czech Republic (+38.1% per year).

In value terms, Romania ($X) remains the key foreign market for anti-freezing preparations and prepared de-icing fluids exports from Hungary, comprising 56% of total exports. The second position in the ranking was held by the Czech Republic ($X), with an 8.8% share of total exports. It was followed by Poland, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value to Romania totaled +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+33.1% per year) and Poland (+63.9% per year).

Export Prices by Country

In 2021, the average anti-freezing preparations export price amounted to $X per ton, picking up by 6% against the previous year. Over the period under review, the export price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2014 an increase of 7%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ukraine ($X per ton), while the average price for exports to Austria ($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 Poland (+2.8%), while the prices for the other major destinations experienced a decline.

Anti-Freezing Preparations Imports

Imports into Hungary

Anti-freezing preparations imports into Hungary was estimated at X tons in 2021, increasing by 9.1% on the previous year. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.1% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 42%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, anti-freezing preparations imports soared to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest anti-freezing preparations supplier to Hungary, with a 36% share of total imports. Moreover, anti-freezing preparations imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was held by France (X tons), with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+6.8% per year) and France (+21.3% per year).

In value terms, Germany ($X), France ($X) and Belgium ($X) appeared to be the largest anti-freezing preparations suppliers to Hungary, together accounting for 62% of total imports. The Netherlands, Slovakia, Austria, Ukraine, Poland, the Czech Republic, the UK and Italy lagged somewhat behind, together comprising a further 33%.

Ukraine, with a CAGR of +65.7%, saw the highest rates of growth with regard to the value of imports, among 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 anti-freezing preparations import price amounted to $X per ton, with an increase of 44% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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