Report Update Nov 1, 2024

Hungary - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Industrial Oleic Acid Market 2024

Industrial Oleic Acid Market Size in Hungary

In 2021, the Hungarian industrial oleic acid market increased by 84% to $X, rising for the sixth year in a row after three years of decline. In general, consumption saw a strong increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Industrial Oleic Acid Exports

Exports from Hungary

In 2021, shipments abroad of industrial oleic acid decreased by -57.3% to X kg, falling for the second year in a row after four years of growth. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 when exports increased by 95% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, industrial oleic acid exports declined rapidly to $X in 2021. In general, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2016 when exports increased by 152%. Over the period under review, the exports attained the maximum at $X in 2020, and then contracted remarkably in the following year.

Exports by Country

Switzerland (X kg) and Mexico (X kg) were the main destinations of industrial oleic acid exports from Hungary.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +50.1%).

In value terms, the largest markets for industrial oleic acid exported from Hungary were Switzerland ($X) and Mexico ($X).

Mexico, with a CAGR of +102.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average industrial oleic acid export price amounted to $X per ton, surging by 87% against the previous year. In general, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 104%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Mexico ($X per ton), while the average price for exports to Switzerland totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+72.7%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Oleic Acid Imports

Imports into Hungary

In 2021, overseas purchases of industrial oleic acid increased by 54% to X tons, rising for the sixth year in a row after three years of decline. Over the period under review, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of 89%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, industrial oleic acid imports skyrocketed to $X in 2021. Overall, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 90%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Italy (X tons) were the main suppliers of industrial oleic acid imports to Hungary, with a combined 83% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +31.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of industrial oleic acid to Hungary, comprising 43% of total imports. The second position in the ranking was held by the Czech Republic ($X), with an 18% share of total imports. It was followed by Italy, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+16.5% per year) and Italy (+36.6% per year).

Import Prices by Country

In 2021, the average industrial oleic acid import price amounted to $X per ton, jumping by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial oleic acid in the world?

The country with the largest volume of industrial oleic acid consumption was China, accounting for 21% of total volume. Moreover, industrial oleic acid consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with an 8.3% share.

What are the largest producers of industrial oleic acid in the world?

The countries with the highest volumes of industrial oleic acid production in 2020 were China, Indonesia and the United States, together comprising 37% of global production.

What are the leading suppliers of industrial oleic acid to Hungary?

In value terms, Germany constituted the largest supplier of industrial oleic acid to Hungary, comprising 80% of total imports. The second position in the ranking was occupied by the Netherlands, with a 12% share of total imports.

What are the leading importers of industrial oleic acid from Hungary?

In value terms, the largest markets for industrial oleic acid exported from Hungary were the Netherlands, Indonesia and Mexico, with a combined 94% share of total exports.

What is the average export price for industrial oleic acid in Hungary?

In 2020, the average industrial oleic acid export price amounted to $6,062 per ton, rising by 41% against the previous year.

What is the average import price for industrial oleic acid in Hungary?

The average industrial oleic acid import price stood at $1,744 per ton in 2020, growing by 11% against the previous year.

This report provides an in-depth analysis of the industrial oleic acid market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143130 - Industrial oleic acid

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023