Hungary: Market for Acyclic Polyamines And Their Derivatives And Salts Thereof (Excl. Hexamethylenediamine and Ethylenediamine) 2024

Market Size for Acyclic Polyamines And Their Derivatives And Salts Thereof (Excl. Hexamethylenediamine and Ethylenediamine) in Hungary

After two years of growth, the Hungarian market for acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) decreased by -0.5% to $X in 2021. Over the period under review, consumption, however, saw a mild slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Acyclic Polyamines And Their Derivatives And Salts Thereof (Excl. Hexamethylenediamine and Ethylenediamine) in Hungary

In value terms, production of acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) declined to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 12%. As a result, production attained the peak level of $X, and then fell in the following year.

Exports of Acyclic Polyamines And Their Derivatives And Salts Thereof (Excl. Hexamethylenediamine and Ethylenediamine)

Exports from Hungary

In 2021, the amount of acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) exported from Hungary dropped modestly to X tons, therefore, remained relatively stable against the previous year. In general, exports, however, showed modest growth. The growth pace was the most rapid in 2015 with an increase of 12% against the previous year. The exports peaked at X tons in 2020, and then dropped in the following year.

In value terms, exports of acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons), Italy (X tons) and the Netherlands (X tons) were the main destinations of exports of acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) from Hungary, with a combined 62% share of total exports. These countries were followed by Poland, the United States, the UK, Russia, Germany and Belgium, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +36.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acyclic polyamines and their derivatives and salts thereof exported from Hungary were Spain ($X), the Netherlands ($X) and Italy ($X), together comprising 56% of total exports. These countries were followed by Poland, the United States, the UK, Germany, Russia and Belgium, which together accounted for a further 30%.

In terms of the main countries of destination, Russia, with a CAGR of +35.8%, saw the highest growth rate of 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 2021, the average export price for acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) amounted to $X per ton, rising by 21% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($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 Germany (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acyclic Polyamines And Their Derivatives And Salts Thereof (Excl. Hexamethylenediamine and Ethylenediamine)

Imports into Hungary

In 2021, approx. X tons of acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) were imported into Hungary; increasing by 82% compared with 2020 figures. In general, imports showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 297% against the previous year. Over the period under review, imports of (excl. hexamethylenediamine and ethylenediamine) hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, imports of acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) soared to $X in 2021. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 227%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of acyclic polyamines and their derivatives and salts thereof to Hungary, with a 71% share of total imports. Moreover, imports of acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +56.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.6% per year) and Belgium (+14.8% per year).

In value terms, the largest acyclic polyamines and their derivatives and salts thereof suppliers to Hungary were the Netherlands ($X), Germany ($X) and Belgium ($X), together accounting for 93% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +59.4%, saw the highest growth rate of 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 acyclic polyamines and their derivatives and salts thereof (excl. hexamethylenediamine and ethylenediamine) stood at $X per ton in 2021, surging by 11% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 125%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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