Hungary: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in Hungary

The Hungarian organo-inorganic compounds market reduced rapidly to $X in 2021, shrinking by -51.8% against the previous year. Over the period under review, consumption saw a pronounced shrinkage. Organo-inorganic compounds consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Organo-Inorganic Compounds Production in Hungary

In value terms, organo-inorganic compounds production reduced dramatically to $X in 2021 estimated in export price. Overall, production recorded a sharp downturn. The pace of growth appeared the most rapid in 2016 with an increase of 150%. Organo-inorganic compounds production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Organo-Inorganic Compounds Exports

Exports from Hungary

In 2021, the amount of organo-inorganic compounds (excluding organo-sulphur compounds) exported from Hungary surged to X tons, increasing by 71% on the previous year. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 135% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, organo-inorganic compounds exports declined to $X in 2021. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 106% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then contracted in the following year.

Exports by Country

The UK (X tons), Germany (X tons) and Italy (X tons) were the main destinations of organo-inorganic compounds exports from Hungary, with a combined 37% share of total exports. Poland, the Czech Republic, France, Australia, China, the United States, Turkey, Luxembourg and Spain lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +837.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for organo-inorganic compounds exported from Hungary were the UK ($X), Germany ($X) and China ($X), together comprising 45% of total exports. These countries were followed by France, the United States, Australia, Italy, Luxembourg, Poland, the Czech Republic, Spain and Turkey, which together accounted for a further 30%.

Turkey, with a CAGR of +448.2%, recorded the highest growth rate of 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 organo-inorganic compounds export price stood at $X per ton in 2021, reducing by -45.2% against the previous year. In general, the export price saw a noticeable descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Turkey ($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 France (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Organo-Inorganic Compounds Imports

Imports into Hungary

In 2021, supplies from abroad of organo-inorganic compounds (excluding organo-sulphur compounds) increased by 90% to X tons, rising for the second year in a row after five years of decline. In general, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 146%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, organo-inorganic compounds imports skyrocketed to $X in 2021. Overall, imports, however, saw a deep contraction. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest organo-inorganic compounds supplier to Hungary, with a 47% share of total imports. Moreover, organo-inorganic compounds imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+97.5% per year) and Belgium (+36.5% per year).

In value terms, Germany ($X) constituted the largest supplier of organo-inorganic compounds (excluding organo-sulphur compounds) to Hungary, comprising 39% of total imports. The second position in the ranking was taken by Austria ($X), with a 9.6% share of total imports. It was followed by the UK, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+50.5% per year) and the UK (+24.7% per year).

Import Prices by Country

The average organo-inorganic compounds import price stood at $X per ton in 2021, waning by -25.5% against the previous year. Overall, the import price showed a pronounced decline. The most prominent rate of growth was recorded in 2016 an increase of 124% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 Austria ($X per ton), while the price for Italy ($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 (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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