Hungary: Market for Oils And Other Products Of The Distillation Of High Temperature Coal Tar 2024

Market Size for Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Hungary

In 2021, after four years of growth, there was significant decline in the Hungarian oils from coal tar market, when its value decreased by -90.8% to $X. Over the period under review, consumption recorded a sharp descent. As a result, consumption reached the peak level of $X, and then contracted dramatically in the following year.

Production of Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Hungary

In value terms, oils from coal tar production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 100% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Exports from Hungary

In 2021, the amount of oils and other products of the distillation of high temperature coal tar exported from Hungary soared to X tons, increasing by 62% on 2020 figures. Over the period under review, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 78%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, oils from coal tar exports surged to $X in 2021. Overall, exports posted a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Croatia (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of oils from coal tar exports from Hungary, with a combined 68% share of total exports. The Netherlands, Slovakia, Serbia and Poland lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +148.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oils from coal tar exported from Hungary were Belgium ($X), Croatia ($X) and Germany ($X), together comprising 67% of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +130.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average oils from coal tar export price stood at $X per ton in 2021, with an increase of 53% against the previous year. Overall, the export price, however, recorded a abrupt downturn. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Slovakia ($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 Belgium (+10.9%), while the prices for the other major destinations experienced a decline.

Imports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Imports into Hungary

In 2021, the amount of oils and other products of the distillation of high temperature coal tar imported into Hungary amounted to X tons, with an increase of 4.2% against the year before. Overall, imports posted prominent growth. The growth pace was the most rapid in 2016 when imports increased by 59%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, oils from coal tar imports soared to $X in 2021. In general, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2018 when imports increased by 62%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), Slovakia (X tons) and Ukraine (X tons) were the main suppliers of oils from coal tar imports to Hungary, together accounting for 86% of total imports.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +249.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovakia ($X) and Belgium ($X) appeared to be the largest oils from coal tar suppliers to Hungary, together accounting for 77% of total imports. The UK, Ukraine, Poland, the Czech Republic and Croatia lagged somewhat behind, together accounting for a further 21%.

In terms of the main suppliers, Ukraine, with a CAGR of +272.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average oils from coal tar import price amounted to $X per ton, with an increase of 32% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by 38% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 the UK ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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