Hungary: Aromatic Polyamines Market 2024

Aromatic Polyamines Market Size in Hungary

The Hungarian aromatic polyamines market skyrocketed to $X in 2021, jumping by 15% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Aromatic polyamines consumption peaked in 2021 and is expected to retain growth in years to come.

Aromatic Polyamines Production in Hungary

In value terms, aromatic polyamines production reduced to $X in 2021 estimated in export price. Overall, the total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.8% 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 -9.9% against 2018 indices. The growth pace was the most rapid in 2017 when the production volume increased by 33%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Aromatic Polyamines Exports

Exports from Hungary

In 2021, aromatic polyamines exports from Hungary expanded sharply to X tons, surging by 12% compared with the previous year. In general, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 37% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, aromatic polyamines exports skyrocketed to $X in 2021. Overall, exports saw a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 162%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for aromatic polyamines exports from Hungary, with a 77% share of total exports. Moreover, aromatic polyamines exports to China exceeded the volume sent to the second major destination, South Korea (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +13.2%.

In value terms, China ($X) remains the key foreign market for aromatic polyamines and their derivatives, salts thereof exports from Hungary, comprising 69% of total exports. The second position in the ranking was held by South Korea ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China totaled +5.7%.

Export Prices by Country

The average aromatic polyamines export price stood at $X per ton in 2021, increasing by 35% against the previous year. Over the period under review, the export price, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2016 an increase of 95%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-0.1%).

Aromatic Polyamines Imports

Imports into Hungary

For the fourth consecutive year, Hungary recorded growth in supplies from abroad of aromatic polyamines and their derivatives, salts thereof, which increased by 41% to X tons in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +10.7% 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 +76.6% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, aromatic polyamines imports skyrocketed to $X in 2021. Overall, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and Belgium (X tons) were the main suppliers of aromatic polyamines imports to Hungary, together comprising 74% of total imports. The Netherlands, Slovakia, India and South Korea lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +98.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of aromatic polyamines and their derivatives, salts thereof to Hungary, comprising 46% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Belgium, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.6% per year) and Belgium (+70.0% per year).

Import Prices by Country

The average aromatic polyamines import price stood at $X per ton in 2021, rising by 34% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Germany ($X per ton) and Belgium ($X per ton), while the price for the Netherlands ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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