Hungary: Fluoropolymers Market 2024

Fluoropolymers Market Size in Hungary

The Hungarian fluoropolymers market surged to $X in 2021, growing by 37% 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). Over the period under review, consumption posted a resilient expansion. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in the immediate term.

Fluoropolymers Exports

Exports from Hungary

In 2021, overseas shipments of fluoropolymers were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 2,476% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, fluoropolymers exports skyrocketed to $X in 2021. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 1,953% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for fluoropolymers exports from Hungary, with a 93% share of total exports. It was followed by Germany (X kg), with a 2.5% share of total exports. The third position in this ranking was taken by the Netherlands (X kg), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +31.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-16.3% per year) and the Netherlands (+33.7% per year).

In value terms, China ($X) emerged as the key foreign market for fluoropolymers exports from Hungary, comprising 86% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 4% share of total exports. It was followed by Germany, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +30.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+36.5% per year) and Germany (-6.9% per year).

Export Prices by Country

In 2021, the average fluoropolymers export price amounted to $X per ton, reducing by -77.1% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 2,124% against the previous year. The export price peaked at $X per ton in 2020, and then dropped significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to China ($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 Italy (+71.0%), while the prices for the other major destinations experienced more modest paces of growth.

Fluoropolymers Imports

Imports into Hungary

In 2021, overseas purchases of fluoropolymers increased by 40% to X tons, rising for the fifth year in a row after two years of decline. In general, imports showed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fluoropolymers imports surged to $X in 2021. Over the period under review, imports saw a tangible increase. The growth pace was the most rapid in 2020 with an increase of 81% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Japan (X tons) constituted the largest fluoropolymers supplier to Hungary, accounting for a 44% share of total imports. Moreover, fluoropolymers imports from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was held by France (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Japan totaled +123.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+291.3% per year) and France (+5.1% per year).

In value terms, Japan ($X) constituted the largest supplier of fluoropolymers to Hungary, comprising 52% of total imports. The second position in the ranking was held by France ($X), with a 16% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled +126.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-4.3% per year) and South Korea (+276.4% per year).

Import Prices by Country

The average fluoropolymers import price stood at $X per ton in 2021, shrinking by -3% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2020 an increase of 35% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for Belgium ($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 (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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