Hungary: Direct Dye Market 2024

Direct Dye Market Size in Hungary

In 2021, after two years of decline, there was significant growth in the Hungarian direct dye market, when its value increased by 19% to $X. Over the period under review, consumption, however, showed a pronounced setback. Direct dye consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Direct Dye Production in Hungary

In value terms, direct dye production totaled $X in 2021 estimated in export price. Overall, production, however, showed a perceptible decline. The growth pace was the most rapid in 2016 with an increase of 28%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Direct Dye Exports

Exports from Hungary

In 2021, after three years of growth, there was significant decline in overseas shipments of direct dyes and preparations based thereon, when their volume decreased by -24.6% to X tons. Overall, exports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2020 with an increase of 52%. As a result, the exports attained the peak of X tons, and then reduced dramatically in the following year.

In value terms, direct dye exports shrank to $X in 2021. Over the period under review, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 35%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Serbia (X tons) was the main destination for direct dye exports from Hungary, with a 62% share of total exports. Moreover, direct dye exports to Serbia exceeded the volume sent to the second major destination, Slovakia (X tons), twofold. The Czech Republic (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Serbia totaled +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-0.7% per year) and the Czech Republic (-9.2% per year).

In value terms, Serbia ($X) remains the key foreign market for direct dyes and preparations based thereon exports from Hungary, comprising 58% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 28% share of total exports. It was followed by the Czech Republic, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value to Serbia amounted to +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-2.1% per year) and the Czech Republic (-11.0% per year).

Export Prices by Country

The average direct dye export price stood at $X per ton in 2021, growing by 16% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced decrease. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Romania ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Serbia ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Direct Dye Imports

Imports into Hungary

In 2021, purchases abroad of direct dyes and preparations based thereon increased by 265% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt contraction. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, direct dye imports surged to $X in 2021. Overall, imports, however, continue to indicate a deep setback. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) was the main direct dye supplier to Hungary, with a 94% share of total imports. Moreover, direct dye imports from Germany exceeded the figures recorded by the second-largest supplier, Finland (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-21.0% per year) and Belgium (-49.7% per year).

In value terms, Germany ($X) constituted the largest supplier of direct dyes and preparations based thereon to Hungary, comprising 79% of total imports. The second position in the ranking was held by Finland ($X), with a 9.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-21.2% per year) and Belgium (-55.1% per year).

Import Prices by Country

The average direct dye import price stood at $X per ton in 2021, falling by -3.1% against the previous year. In general, the import price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when the average import price increased by 7.3%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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