Hungary: Market for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) 2024

Market Size for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Hungary

The Hungarian market for butanols (excluding butan-1-ol (n-butyl alcohol)) contracted to $X in 2022, falling by -8.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a perceptible shrinkage. Butanols (excluding butan-1-ol (n-butyl alcohol)) consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Exports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Exports from Hungary

In 2022, approx. X kg of butanols (excluding butan-1-ol (n-butyl alcohol)) were exported from Hungary; reducing by -94.3% against the previous year's figure. Overall, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of 4,640%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports dropped rapidly to $X in 2022. Over the period under review, exports showed a perceptible downturn. The pace of growth appeared the most rapid in 2020 with an increase of 4,314%. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined rapidly in the following year.

Exports by Country

Romania (X kg) was the main destination for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Hungary, accounting for a 96% share of total exports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) exports to Romania exceeded the volume sent to the second major destination, Germany (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania stood at -3.9%.

In value terms, Romania ($X) remains the key foreign market for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Hungary, comprising 92% of total exports. The second position in the ranking was held by Germany ($X), with a 7.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Romania totaled -5.1%.

Export Prices by Country

In 2022, the average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X per ton, increasing by 7.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 187% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Romania stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Imports into Hungary

In 2022, after two years of decline, there was significant growth in supplies from abroad of butanols (excluding butan-1-ol (n-butyl alcohol)), when their volume increased by 8.5% to X tons. In general, imports, however, continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 27%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports fell markedly to $X in 2022. Overall, imports, however, showed a noticeable setback. The pace of growth was the most pronounced in 2021 when imports increased by 29%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest butanols (excluding butan-1-ol (n-butyl alcohol)) supplier to Hungary, with a 78% share of total imports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), sevenfold. The third position in this ranking was held by Turkey (X tons), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-2.9% per year) and Turkey (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to Hungary, comprising 75% of total imports. The second position in the ranking was held by Poland ($X), with a 9.2% share of total imports. It was followed by Turkey, with a 4% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-3.0% per year) and Turkey (0.0% per year).

Import Prices by Country

The average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2022, waning by -28.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 89% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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