Hungary: Market for Organic Derivatives Of Hydrazine Or Of Hydroxylamine 2024

Market Size for Organic Derivatives Of Hydrazine Or Of Hydroxylamine in Hungary

In 2022, the Hungarian hydrazine and hydroxylamine derivatives market increased by 1.6% to $X, rising for the third consecutive year after two years of decline. Overall, consumption showed a perceptible descent. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Organic Derivatives Of Hydrazine Or Of Hydroxylamine in Hungary

In value terms, hydrazine and hydroxylamine derivatives production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by 12%. Hydrazine and hydroxylamine derivatives production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Organic Derivatives Of Hydrazine Or Of Hydroxylamine

Exports from Hungary

In 2022, hydrazine and hydroxylamine derivatives exports from Hungary fell to X tons, shrinking by -10.9% compared with the previous year's figure. Overall, exports recorded a significant curtailment. The pace of growth was the most pronounced in 2019 with an increase of 55%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hydrazine and hydroxylamine derivatives exports surged to $X in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 174% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for hydrazine and hydroxylamine derivatives exports from Hungary, accounting for a 57% share of total exports. Moreover, hydrazine and hydroxylamine derivatives exports to Brazil exceeded the volume sent to the second major destination, Israel (X tons), fivefold. The third position in this ranking was held by the UK (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil stood at +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (-19.8% per year) and the UK (-20.9% per year).

In value terms, Brazil ($X) emerged as the key foreign market for organic derivatives of hydrazine or of hydroxylamine exports from Hungary, comprising 68% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total exports. It was followed by the UK, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to Brazil stood at +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-1.5% per year) and the UK (-9.9% per year).

Export Prices by Country

The average hydrazine and hydroxylamine derivatives export price stood at $X per ton in 2022, growing by 79% against the previous year. Over the period under review, the export price showed a resilient expansion. The pace of growth was the most pronounced in 2020 an increase of 91% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+171.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organic Derivatives Of Hydrazine Or Of Hydroxylamine

Imports into Hungary

For the third consecutive year, Hungary recorded growth in overseas purchases of organic derivatives of hydrazine or of hydroxylamine, which increased by 0.8% to X tons in 2022. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.3% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 67%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, hydrazine and hydroxylamine derivatives imports reduced notably to $X in 2022. In general, imports, however, recorded a pronounced slump. The pace of growth appeared the most rapid in 2020 when imports increased by 60%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Austria (X tons) and Israel (X tons) were the main suppliers of hydrazine and hydroxylamine derivatives imports to Hungary, with a combined 72% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +30.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hydrazine and hydroxylamine derivatives suppliers to Hungary were Israel ($X), Italy ($X) and China ($X), with a combined 90% share of total imports.

Israel, with a CAGR of +27.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average hydrazine and hydroxylamine derivatives import price stood at $X per ton in 2022, which is down by -34.2% against the previous year. In general, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by 40% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+24.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :