Hungary: Acyclic Hydrocarbons Derivatives Market 2024

Acyclic Hydrocarbons Derivatives Market Size in Hungary

After two years of decline, the Hungarian acyclic hydrocarbons derivatives market increased by 3% to $X in 2021. In general, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -37.2% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Acyclic Hydrocarbons Derivatives Production in Hungary

In value terms, acyclic hydrocarbons derivatives production amounted to $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -25.9% against 2018 indices. The growth pace was the most rapid in 2013 when the production volume increased by 65%. Acyclic hydrocarbons derivatives production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Acyclic Hydrocarbons Derivatives Exports

Exports from Hungary

In 2021, acyclic hydrocarbons derivatives exports from Hungary skyrocketed to X tons, rising by 83% against the year before. Overall, exports enjoyed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, acyclic hydrocarbons derivatives exports skyrocketed to $X in 2021. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 122% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Romania (X tons), Poland (X tons) and Sweden (X tons) were the main destinations of acyclic hydrocarbons derivatives exports from Hungary, together comprising 68% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +72.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acyclic hydrocarbons derivatives exported from Hungary were Poland ($X), Romania ($X) and Sweden ($X), with a combined 62% share of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +86.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average acyclic hydrocarbons derivatives export price stood at $X per ton in 2021, reducing by -23.4% against the previous year. Overall, the export price, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2013 an increase of 61% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Acyclic Hydrocarbons Derivatives Imports

Imports into Hungary

In 2021, the amount of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons imported into Hungary surged to X tons, growing by 21% on the year before. Over the period under review, imports, however, showed a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 105%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, acyclic hydrocarbons derivatives imports soared to $X in 2021. In general, imports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2018 with an increase of 167%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of acyclic hydrocarbons derivatives to Hungary, with a 35% share of total imports. Moreover, acyclic hydrocarbons derivatives imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. China (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-15.1% per year) and China (-6.4% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons to Hungary, comprising 65% of total imports. The second position in the ranking was taken by France ($X), with a 7.3% share of total imports. It was followed by Poland, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-24.3% per year) and Poland (+109.1% per year).

Import Prices by Country

In 2021, the average acyclic hydrocarbons derivatives import price amounted to $X per ton, reducing by -4% against the previous year. Overall, the import price, however, enjoyed a temperate increase. The pace of growth was the most pronounced in 2017 an increase of 77% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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