Hungary: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Hungary

The Hungarian market for organo-sulphur compounds and other organo-inorganic compounds was estimated at $X in 2022, with an increase of 4.4% against the previous year. Overall, consumption saw a modest increase. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Hungary

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds shrank modestly to $X in 2022 estimated in export price. In general, production recorded a deep slump. The growth pace was the most rapid in 2021 when the production volume increased by 9%. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports from Hungary

In 2022, shipments abroad of organo-sulphur compounds and other organo-inorganic compounds increased by 47% to X tons, rising for the third year in a row after two years of decline. Overall, exports recorded strong growth. The pace of growth appeared the most rapid in 2013 when exports increased by 67% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds rose remarkably to $X in 2022. The total export value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 22%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), Belgium (X tons) and France (X tons) were the main destinations of exports of organo-sulphur compounds and other organo-inorganic compounds from Hungary, with a combined 66% share of total exports. Australia, Italy, Israel, Romania, Germany, Slovakia, the Czech Republic, the UK, Poland and South Africa lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +198.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and Israel ($X) constituted the largest markets for organo-sulphur compounds and other organo-inorganic compounds exported from Hungary worldwide, with a combined 51% share of total exports. The UK, Belgium, Germany, Australia, Italy, the Czech Republic, Romania, Slovakia, Poland and South Africa lagged somewhat behind, together comprising a further 32%.

In terms of the main countries of destination, the UK, with a CAGR of +151.2%, recorded 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

In 2022, the average export price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, waning by -22.7% against the previous year. Over the period under review, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 53%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the 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 UK ($X per ton), while the average price for exports to Romania ($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 Italy (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports into Hungary

In 2022, supplies from abroad of organo-sulphur compounds and other organo-inorganic compounds increased by 7.3% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports posted perceptible growth. The pace of growth was the most pronounced in 2021 when imports increased by 54% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds expanded significantly to $X in 2022. In general, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +99.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of imports of organo-sulphur compounds and other organo-inorganic compounds to Hungary, with a combined 65% share of total imports. China, Japan, Italy, India and the Netherlands lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +46.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and China ($X) appeared to be the largest organo-sulphur compounds and other organo-inorganic compounds suppliers to Hungary, with a combined 61% share of total imports. France, Japan, the Netherlands, India and Italy lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, Japan, with a CAGR of +41.9%, recorded 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

The average import price for organo-sulphur compounds and other organo-inorganic compounds stood at $X per ton in 2022, surging by 5.6% against the previous year. In general, the import price, however, showed a slight downturn. The pace of growth was the most pronounced in 2015 when the average import price increased by 37% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for France ($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 Netherlands (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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