Report Update Nov 1, 2024

Hungary - Buta-1,3-Diene and Isoprene - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Buta-1,3-Diene And Isoprene Market 2024

Buta-1,3-Diene And Isoprene Market Size in Hungary

The Hungarian buta-1,3-diene and isoprene market skyrocketed to $X in 2022, rising by 1,361% against the previous year. Overall, consumption recorded a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Buta-1,3-Diene And Isoprene Production in Hungary

In value terms, buta-1,3-diene and isoprene production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a significant expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by 168%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Buta-1,3-Diene And Isoprene Exports

Exports from Hungary

Buta-1,3-diene and isoprene exports from Hungary declined rapidly to X tons in 2022, shrinking by -41.9% on the year before. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 307%. The exports peaked at X tons in 2021, and then reduced dramatically in the following year.

In value terms, buta-1,3-diene and isoprene exports plummeted to $X in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 283%. Over the period under review, the exports attained the maximum at $X in 2021, and then fell sharply in the following year.

Exports by Country

Poland (X tons) was the main destination for buta-1,3-diene and isoprene exports from Hungary, accounting for a 69% share of total exports. Moreover, buta-1,3-diene and isoprene exports to Poland exceeded the volume sent to the second major destination, the Czech Republic (X tons), fourfold.

From 2015 to 2022, the average annual rate of growth in terms of volume to Poland totaled +34.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+11.2% per year) and Germany (+36.7% per year).

In value terms, Poland ($X) remains the key foreign market for buta-1,3-diene and isoprene exports from Hungary, comprising 71% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 16% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of value to Poland amounted to +47.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+19.7% per year) and Germany (+51.2% per year).

Export Prices by Country

In 2022, the average buta-1,3-diene and isoprene export price amounted to $X per ton, picking up by 14% against the previous year. Overall, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 70%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Buta-1,3-Diene And Isoprene Imports

Imports into Hungary

In 2021, the amount of buta-1,3-diene and isoprene imported into Hungary skyrocketed to X kg, growing by 145% on the previous year's figure. Over the period under review, imports recorded a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 432,475%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, buta-1,3-diene and isoprene imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 333,225%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X kg) was the main buta-1,3-diene and isoprene supplier to Hungary, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +6.7%.

In value terms, Germany ($X) constituted the largest supplier of buta-1,3-diene and isoprene to Hungary.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -6.8%.

Import Prices by Country

The average buta-1,3-diene and isoprene import price stood at $X per ton in 2021, waning by -39.1% against the previous year. Over the period under review, the import price saw a abrupt decline. The pace of growth was the most pronounced in 2016 an increase of 87% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to -12.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for buta-1,3-diene and isoprene in the world?

The country with the largest volume of buta-1,3-diene and isoprene consumption was China, comprising approx. 19% of total volume. Moreover, buta-1,3-diene and isoprene consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by Japan, with a 6.2% share.

What are the largest producers of buta-1,3-diene and isoprene in the world?

China constituted the country with the largest volume of buta-1,3-diene and isoprene production, comprising approx. 18% of total volume. Moreover, buta-1,3-diene and isoprene production in China exceeded the figures recorded by the second-largest producer, India, twofold. Japan ranked third in terms of total production with a 6% share.

What are the leading suppliers of buta-1,3-diene and isoprene to Hungary?

In value terms, Germany $149) constituted the largest supplier of buta-1,3-diene and isoprene to Hungary.

What are the leading importers of buta-1,3-diene and isoprene from Hungary?

In value terms, Poland, Germany and the Czech Republic appeared to be the largest markets for buta-1,3-diene and isoprene exported from Hungary worldwide, together comprising 97% of total exports.

What is the average export price for buta-1,3-diene and isoprene in Hungary?

The average buta-1,3-diene and isoprene export price stood at $1,025 per ton in 2021, increasing by 70% against the previous year.

What is the average import price for buta-1,3-diene and isoprene in Hungary?

In 2021, the average buta-1,3-diene and isoprene import price amounted to $1,875 per ton, with a decrease of -84.9% against the previous year.

This report provides an in-depth analysis of the buta-1,3-diene and isoprene market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141160 - Buta-1,3-diene and isoprene

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023