Hungary: Melamine Resins Market 2024

Melamine Resins Market Size in Hungary

The Hungarian melamine resins market soared to $X in 2021, jumping by 28% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Melamine resins consumption peaked in 2021 and is likely to see steady growth in the near future.

Melamine Resins Production in Hungary

In value terms, melamine resins production surged to $X in 2021 estimated in export price. In general, production, however, showed a abrupt shrinkage. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Melamine Resins Exports

Exports from Hungary

Melamine resins exports from Hungary skyrocketed to X tons in 2021, growing by 97% on the year before. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 4,568% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, melamine resins exports soared to $X in 2021. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 1,039% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Italy (X tons) was the main destination for melamine resins exports from Hungary, with a 42% share of total exports. Moreover, melamine resins exports to Italy exceeded the volume sent to the second major destination, Poland (X tons), threefold. Austria (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at +122.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+27.0% per year) and Austria (+225.7% per year).

In value terms, Italy ($X), Poland ($X) and Slovakia ($X) constituted the largest markets for melamine resins exported from Hungary worldwide, with a combined 71% share of total exports.

Slovakia, with a CAGR of +375.3%, saw the highest rates of growth with regard to the value of exports, in terms of 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 melamine resins export price stood at $X per ton in 2021, with an increase of 5.6% against the previous year. In general, the export price, however, recorded a deep reduction. The growth pace was the most rapid in 2014 an increase of 360%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+25.3%), while the prices for the other major destinations experienced mixed trend patterns.

Melamine Resins Imports

Imports into Hungary

In 2021, the amount of melamine resins in primary forms imported into Hungary soared to X tons, picking up by 16% on the previous year's figure. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 177% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, melamine resins imports surged to $X in 2021. Over the period under review, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 119%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest supplier of melamine resins to Hungary, accounting for a 83% share of total imports. Moreover, melamine resins imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), sevenfold. Austria (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic amounted to +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+52.1% per year) and Austria (-4.3% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of melamine resins in primary forms to Hungary, comprising 73% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 9.8% share of total imports. It was followed by Austria, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic amounted to +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+54.8% per year) and Austria (-0.1% per year).

Import Prices by Country

The average melamine resins import price stood at $X per ton in 2021, picking up by 46% against the previous year. In general, the import price, however, continues to indicate a pronounced shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Slovakia ($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 (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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