Report Update Nov 1, 2024

Hungary - Octanol (Octyl Alcohol) and Isomers Thereof - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in Hungary

The Hungarian octyl alcohol market dropped to $X in 2022, waning by -12.7% 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). Overall, consumption, however, recorded strong growth. As a result, consumption reached the peak level of $X, and then fell in the following year.

Octyl Alcohol Exports

Exports from Hungary

Octyl alcohol exports from Hungary surged to X kg in 2022, growing by 33% compared with the previous year's figure. Over the period under review, exports, however, showed a precipitous decrease. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, octyl alcohol exports skyrocketed to $X in 2022. Overall, exports, however, faced a precipitous contraction. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X kg), Romania (X kg) and the Netherlands (X kg) were the main destinations of octyl alcohol exports from Hungary. Moreover, octyl alcohol exports in Spain exceeded the figures recorded by the second-largest exporter, Romania, twofold.

From 2016 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) emerged as the key foreign market for octanol (octyl alcohol) and isomers thereof exports from Hungary, comprising 96% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 3% share of total exports.

From 2016 to 2022, the average annual rate of growth in terms of value to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-60.8% per year) and Romania (-80.0% per year).

Export Prices by Country

The average octyl alcohol export price stood at $X per ton in 2022, rising by 6.9% against the previous year. Overall, the export price saw a significant increase. The pace of growth was the most pronounced in 2021 an increase of 8%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-6.1%).

Octyl Alcohol Imports

Imports into Hungary

In 2022, octyl alcohol imports into Hungary declined notably to X tons, falling by -24.2% compared with the year before. Over the period under review, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 132%. As a result, imports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, octyl alcohol imports shrank modestly to $X in 2022. Overall, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 339% against the previous year. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of octyl alcohol to Hungary, accounting for a 76% share of total imports. Moreover, octyl alcohol imports from Poland exceeded the figures recorded by the second-largest supplier, Romania (X tons), sixfold. Austria (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (-3.1% per year) and Austria (-83.6% per year).

In value terms, Poland ($X) constituted the largest supplier of octanol (octyl alcohol) and isomers thereof to Hungary, comprising 76% of total imports. The second position in the ranking was taken by Romania ($X), with a 12% share of total imports. It was followed by the Czech Republic, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+14.7% per year) and the Czech Republic (+111.0% per year).

Import Prices by Country

In 2022, the average octyl alcohol import price amounted to $X per ton, jumping by 30% against the previous year. Over the period under review, the import price posted a temperate expansion. The most prominent rate of growth was recorded in 2021 an increase of 90%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

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 the Czech Republic ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+31.6%), 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 octanol (octyl alcohol) and isomers thereof in the world?

China constituted the country with the largest volume of octyl alcohol consumption, accounting for 21% of total volume. Moreover, octyl alcohol 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 a 7.9% share.

What are the largest producers of octanol (octyl alcohol) and isomers thereof in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 36% share of global production.

What are the leading suppliers of octanol (octyl alcohol) and isomers thereof to Hungary?

In value terms, Austria constituted the largest supplier of octyl alcohol to Hungary, comprising 46% of total imports. The second position in the ranking was occupied by Romania, with a 20% share of total imports. It was followed by Sweden, with a 17% share.

What is the average export price for octanol (octyl alcohol) and isomers thereof in Hungary?

In 2021, the average octyl alcohol export price amounted to $23,319 per ton, surging by 171% against the previous year.

What is the average import price for octanol (octyl alcohol) and isomers thereof in Hungary?

The average octyl alcohol import price stood at $1,902 per ton in 2021, surging by 91% against the previous year.

This report provides an in-depth analysis of the octyl alcohol 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 20142263 - Octanol (octyl alcohol) and isomers thereof

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