Hungary: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in Hungary

In 2022, the Hungarian compound plasticisers market decreased by X% to $X, falling for the fourth year in a row after two years of growth. In general, consumption saw a relatively flat trend pattern. Compound plasticisers consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Compound Plasticisers Exports

Exports from Hungary

In 2022, shipments abroad of compound plasticisers for rubber or plastics increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, compound plasticisers exports soared to $X in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovakia (X tons) was the main destination for compound plasticisers exports from Hungary, with a X% share of total exports. Moreover, compound plasticisers exports to Slovakia exceeded the volume sent to the second major destination, Poland (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Slovakia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the Czech Republic (X% per year).

In value terms, Slovakia ($X) emerged as the key foreign market for compound plasticisers for rubber or plastics exports from Hungary, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with an X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovakia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The average compound plasticisers export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price posted strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Compound Plasticisers Imports

Imports into Hungary

For the fourth consecutive year, Hungary recorded decline in purchases abroad of compound plasticisers for rubber or plastics, which decreased by X% to X tons in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, compound plasticisers imports amounted to $X in 2022. In general, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of compound plasticisers imports to Hungary, together comprising X% of total imports. Italy, the Czech Republic and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest compound plasticisers suppliers to Hungary were Germany ($X), the Netherlands ($X) and Poland ($X), with a combined X% share of total imports. Italy, the Czech Republic and the UK lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average compound plasticisers import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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