Hungary: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2024

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Hungary

The Hungarian market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium dropped to $X in 2022, falling by -9.8% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Hungary

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 25%. As a result, production attained the peak level of $X, and then shrank in the following year.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports from Hungary

In 2022, overseas shipments of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -10.4% to X tons, falling for the third consecutive year after two years of growth. In general, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2015 when exports increased by 53%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium declined to $X in 2022. Over the period under review, total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 47% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Romania (X tons), Slovakia (X tons) and the Czech Republic (X tons) were the main destinations of exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Hungary, with a combined 80% share of total exports. Poland, Croatia, Austria and Serbia lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +29.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exported from Hungary were Romania ($X), the Czech Republic ($X) and Slovakia ($X), together comprising 66% of total exports. Poland, Serbia, Croatia and Austria lagged somewhat behind, together comprising a further 26%.

Austria, with a CAGR of +31.0%, saw 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 export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, approximately equating the previous year. In general, the export price saw a noticeable decrease. The pace of growth appeared the most rapid in 2021 an increase of 15% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Romania ($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 Serbia (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports into Hungary

In 2022, approx. X tons of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium were imported into Hungary; reducing by -7% on the previous year's figure. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% 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 +72.1% against 2012 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 33%. Over the period under review, imports of reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium shrank to $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 +60.7% against 2016 indices. The pace of growth was the most pronounced in 2014 when imports increased by 26%. Imports peaked at $X in 2021, and then declined modestly in the following year.

Imports by Country

Poland (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Hungary, with a combined 77% share of total imports. Austria, the Czech Republic, Croatia, Serbia and Slovenia lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +36.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and the Czech Republic ($X) were the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium suppliers to Hungary, together comprising 72% of total imports. Italy, Austria, Croatia, Serbia and Slovenia lagged somewhat behind, together accounting for a further 18%.

Croatia, with a CAGR of +38.9%, recorded 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 import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, with an increase of 7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2013 an increase of 10%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Serbia ($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 Czech Republic (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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