Hungary: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in Hungary

In 2021, after three years of growth, there was decline in the Hungarian hexamethylenediamine and ethylenediamine market, when its value decreased by -3.1% to $X. Overall, consumption, however, saw a relatively flat trend pattern. Hexamethylenediamine and ethylenediamine consumption peaked at $X in 2020, and then dropped in the following year.

Hexamethylenediamine And Ethylenediamine Production in Hungary

In value terms, hexamethylenediamine and ethylenediamine production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by 31%. Over the period under review, production attained the peak level at $X in 2020, and then contracted in the following year.

Hexamethylenediamine And Ethylenediamine Exports

Exports from Hungary

In 2021, the amount of hexamethylenediamine and its salts, ethylenediamine and its salts exported from Hungary contracted sharply to X tons, declining by -72.5% compared with 2020. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 552% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, hexamethylenediamine and ethylenediamine exports shrank rapidly to $X in 2021. In general, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 398% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons), Serbia (X tons) and Romania (X tons) were the main destinations of hexamethylenediamine and ethylenediamine exports from Hungary, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +40.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for hexamethylenediamine and ethylenediamine exported from Hungary were Slovakia ($X), Serbia ($X) and Romania ($X), together accounting for 96% of total exports.

Romania, with a CAGR of +53.3%, recorded the highest rates of growth with regard to 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

In 2021, the average hexamethylenediamine and ethylenediamine export price amounted to $X per ton, increasing by 35% against the previous year. Over the period under review, the export price recorded strong growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 89% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Romania ($X per ton), while the average price for exports to Serbia ($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 Slovakia (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hexamethylenediamine And Ethylenediamine Imports

Imports into Hungary

In 2021, hexamethylenediamine and ethylenediamine imports into Hungary surged to X tons, rising by 27% on the year before. Over the period under review, imports showed a pronounced increase. The pace of growth was the most pronounced in 2017 when imports increased by 136%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, hexamethylenediamine and ethylenediamine imports soared to $X in 2021. Overall, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 89% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Austria (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of hexamethylenediamine and ethylenediamine imports to Hungary, with a combined 91% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +67.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of hexamethylenediamine and its salts, ethylenediamine and its salts to Hungary, comprising 64% of total imports. The second position in the ranking was held by Poland ($X), with a 19% share of total imports. It was followed by Germany, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value from Austria amounted to +84.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+8.3% per year) and Germany (+30.3% per year).

Import Prices by Country

In 2021, the average hexamethylenediamine and ethylenediamine import price amounted to $X per ton, increasing by 20% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hexamethylenediamine and ethylenediamine import price increased by +96.1% against 2017 indices. The growth pace was the most rapid in 2014 when the average import price increased by 26% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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