Report Update Nov 1, 2024

Hungary - Methacrylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Methacrylic Acid Market 2024

Methacrylic Acid Market Size in Hungary

In 2022, the Hungarian methacrylic acid market decreased by -5.8% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, continues to indicate a temperate expansion. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Methacrylic Acid Exports

Exports from Hungary

In 2022, overseas shipments of methacrylic acid and its salts decreased by -94.2% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 283% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped markedly in the following year.

In value terms, methacrylic acid exports shrank significantly to $X in 2022. In general, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 593%. The exports peaked at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Croatia (X tons) was the main destination for methacrylic acid exports from Hungary, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Croatia was relatively modest.

In value terms, Croatia ($X) also remains the key foreign market for methacrylic acid and its salts exports from Hungary.

From 2012 to 2022, the average annual rate of growth in terms of value to Croatia amounted to +15.6%.

Export Prices by Country

The average methacrylic acid export price stood at $X per ton in 2022, surging by 19% against the previous year. In general, the export price saw a noticeable expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 81% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Croatia.

From 2012 to 2022, the rate of growth in terms of prices for Croatia amounted to +14.9% per year.

Methacrylic Acid Imports

Imports into Hungary

After two years of growth, overseas purchases of methacrylic acid and its salts decreased by -20% to X tons in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 140%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, methacrylic acid imports dropped remarkably to $X in 2022. Overall, imports, however, showed a measured increase. The growth pace was the most rapid in 2021 with an increase of 246%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Austria (X tons), China (X tons) and South Korea (X tons) were the main suppliers of methacrylic acid imports to Hungary, with a combined 87% share of total imports. The Netherlands, Italy and Germany lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +159.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest methacrylic acid suppliers to Hungary were Austria ($X), China ($X) and South Korea ($X), with a combined 84% share of total imports. The Netherlands, Italy and Germany lagged somewhat behind, together accounting for a further 9.8%.

Italy, with a CAGR of +148.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average methacrylic acid import price amounted to $X per ton, flattening at the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, methacrylic acid import price increased by +42.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 71%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.8%), 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 methacrylic acid and its salts in the world?

Germany constituted the country with the largest volume of methacrylic acid consumption, comprising approx. 39% of total volume. Moreover, methacrylic acid consumption in Germany exceeded the figures recorded by the second-largest consumer, France, threefold. Malaysia ranked third in terms of total consumption with a 7.3% share.

What are the largest producers of methacrylic acid and its salts in the world?

The country with the largest volume of methacrylic acid production was Germany, accounting for 56% of total volume. Moreover, methacrylic acid production in Germany exceeded the figures recorded by the second-largest producer, South Korea, fourfold. Thailand ranked third in terms of total production with a 9.1% share.

What are the leading suppliers of methacrylic acid and its salts to Hungary?

In value terms, the largest methacrylic acid suppliers to Hungary were the Netherlands, Austria and China, with a combined 75% share of total imports.

What is the average export price for methacrylic acid and its salts in Hungary?

In 2021, the average methacrylic acid export price amounted to $2,611 per ton, leveling off at the previous year.

What is the average import price for methacrylic acid and its salts in Hungary?

In 2021, the average methacrylic acid import price amounted to $2,629 per ton, with an increase of 18% against the previous year.

This report provides an in-depth analysis of the methacrylic 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 20143330 - Methacrylic acid and its salts

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