Hungary: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Hungary

The Hungarian ethylene-vinyl acetate copolymers market soared to $X in 2022, picking up by 52% 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). In general, consumption showed a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from Hungary

In 2022, after three years of growth, there was significant decline in overseas shipments of ethylene-vinyl acetate copolymers in primary forms, when their volume decreased by -88.6% to X tons. In general, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 140% against the previous year. As a result, the exports attained the peak of X tons, and then shrank markedly in the following year.

In value terms, ethylene-vinyl acetate copolymers exports dropped remarkably to $X in 2022. Overall, exports recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 when exports increased by 304%. As a result, the exports attained the peak of $X, and then reduced notably in the following year.

Exports by Country

Poland (X tons), the Czech Republic (X tons) and Romania (X tons) were the main destinations of ethylene-vinyl acetate copolymers exports from Hungary, with a combined 45% share of total exports. Serbia, Russia, Germany, Italy, Austria, Ukraine and Slovakia lagged somewhat behind, together comprising a further 51%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +12.9%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Serbia ($X) and Poland ($X) constituted the largest markets for ethylene-vinyl acetate copolymers exported from Hungary worldwide, together comprising 40% of total exports. Germany, Russia, Romania, Slovakia, Italy, Ukraine and Austria lagged somewhat behind, together accounting for a further 53%.

Germany, with a CAGR of +29.2%, saw the highest growth rate of the value of exports, among 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

The average ethylene-vinyl acetate copolymers export price stood at $X per ton in 2022, approximately reflecting the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +10.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethylene-vinyl acetate copolymers export price increased by +68.8% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 74% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Italy ($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 Slovakia (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into Hungary

In 2022, the amount of ethylene-vinyl acetate copolymers in primary forms imported into Hungary rose sharply to X tons, increasing by 6% compared with 2021. In general, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.8% against 2013 indices. The pace of growth was the most pronounced in 2019 with an increase of 25% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, ethylene-vinyl acetate copolymers imports surged to $X in 2022. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Belgium (X tons), Germany (X tons) and Portugal (X tons) were the main suppliers of ethylene-vinyl acetate copolymers imports to Hungary, together comprising 60% of total imports.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +65.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and France ($X) constituted the largest ethylene-vinyl acetate copolymers suppliers to Hungary, with a combined 58% share of total imports. Portugal, Austria, the Netherlands, Italy and the UK lagged somewhat behind, together accounting for a further 37%.

In terms of the main suppliers, Portugal, with a CAGR of +92.1%, saw 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 ethylene-vinyl acetate copolymers import price stood at $X per ton in 2022, growing by 19% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethylene-vinyl acetate copolymers import price increased by +63.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 37% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Austria ($X per ton) and the Netherlands ($X per ton), while the price for Portugal ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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