Hungary: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Hungary

The Hungarian synthetic organic colouring matters market was estimated at $X in 2022, growing by 11% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Other Synthetic Organic Colouring Matters in Hungary

In value terms, synthetic organic colouring matters production surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 502% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Other Synthetic Organic Colouring Matters

Exports from Hungary

In 2022, exports of other synthetic organic colouring matters from Hungary reduced to X tons, declining by -11.6% on the year before. Over the period under review, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by 46%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, synthetic organic colouring matters exports contracted to $X in 2022. In general, total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +2.0% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 30% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons), the UK (X tons) and Germany (X tons) were the main destinations of synthetic organic colouring matters exports from Hungary, with a combined 52% share of total exports. The Netherlands, Slovakia, the Czech Republic, Austria, Croatia, India, Romania, Russia, Sweden and Ukraine lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, 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 +78.7%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Netherlands ($X) and Germany ($X) were the largest markets for synthetic organic colouring matters exported from Hungary worldwide, with a combined 31% share of total exports.

The Netherlands, with a CAGR of +69.9%, saw the highest rates of growth with regard to 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

In 2022, the average synthetic organic colouring matters export price amounted to $X per ton, with an increase of 1.9% against the previous year. Overall, the export price, however, saw a pronounced downturn. The growth pace was the most rapid in 2018 an increase of 14% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Russia ($X per ton), while the average price for exports to the UK ($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 Russia (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into Hungary

In 2022, approx. X tons of other synthetic organic colouring matters were imported into Hungary; with an increase of 11% compared with the year before. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, synthetic organic colouring matters imports amounted to $X in 2022. The total import value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

The Netherlands (X tons), Poland (X tons) and Sweden (X tons) were the main suppliers of synthetic organic colouring matters imports to Hungary, with a combined 63% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +40.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic organic colouring matters suppliers to Hungary were the Netherlands ($X), Poland ($X) and Germany ($X), together accounting for 50% of total imports.

The Netherlands, with a CAGR of +20.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average synthetic organic colouring matters import price stood at $X per ton in 2022, declining by -8.9% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 19% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :