Hungary: Market for Cyclanic, Cyclenic Or Cycloterpenic Mono- Or Polyamines, And Their Derivatives And Salts Thereof 2024

Market Size for Cyclanic, Cyclenic Or Cycloterpenic Mono- Or Polyamines, And Their Derivatives And Salts Thereof in Hungary

In 2022, after two years of growth, there was significant decline in the Hungarian market for cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof, when its value decreased by -16.2% to $X. In general, consumption, however, enjoyed a slight increase. Over the period under review, the market attained the peak level at $X in 2021, and then fell remarkably in the following year.

Production of Cyclanic, Cyclenic Or Cycloterpenic Mono- Or Polyamines, And Their Derivatives And Salts Thereof in Hungary

In value terms, production of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof stood at $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 59%. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Cyclanic, Cyclenic Or Cycloterpenic Mono- Or Polyamines, And Their Derivatives And Salts Thereof

Exports from Hungary

In 2022, approx. X tons of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof were exported from Hungary; surging by 3.5% against 2021. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 770% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof expanded remarkably to $X in 2022. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 1,107% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Romania (X tons) was the main destination for exports of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof from Hungary, with a 51% share of total exports. Moreover, exports of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof to Romania exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Romania totaled +91.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+14.8% per year) and Turkey (+29.7% per year).

In value terms, Romania ($X), Italy ($X) and Poland ($X) appeared to be the largest markets for cyclanic, cyclenic or cycloterpenic mono- or polyamines exported from Hungary worldwide, with a combined 81% share of total exports.

Romania, with a CAGR of +85.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof amounted to $X per ton, growing by 6.4% against the previous year. In general, the export price, however, showed a noticeable slump. The growth pace was the most rapid in 2014 when the average export price increased by 53%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Turkey ($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 China (+3.1%), while the prices for the other major destinations experienced a decline.

Imports of Cyclanic, Cyclenic Or Cycloterpenic Mono- Or Polyamines, And Their Derivatives And Salts Thereof

Imports into Hungary

In 2022, after two years of growth, there was significant decline in overseas purchases of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof, when their volume decreased by -36% to X tons. Over the period under review, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 109% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then declined dramatically in the following year.

In value terms, imports of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof reduced dramatically to $X in 2022. In general, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 121% against the previous year. Imports peaked at $X in 2021, and then contracted notably in the following year.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of imports of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof to Hungary, with a combined 99% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +20.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and the Netherlands ($X) appeared to be the largest cyclanic, cyclenic or cycloterpenic mono- or polyamines suppliers to Hungary, with a combined 93% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +17.4%, saw the highest rates of growth with regard to 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

In 2022, the average import price for cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof amounted to $X per ton, surging by 4.4% against the previous year. In general, the import price, however, continues to indicate a mild decrease. The growth pace was the most rapid in 2021 when the average import price increased by 9.2% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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