Report Update Nov 1, 2024

Hungary - Phthalic Anhydride, Terephthalic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Market for Phthalic Anhydride, Terephthalic Acid And Its Salts 2024

Market Size for Phthalic Anhydride, Terephthalic Acid And Its Salts in Hungary

In 2021, the Hungarian market for phthalic anhydride, terephthalic acid and its salts was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption recorded a abrupt decline. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Phthalic Anhydride, Terephthalic Acid And Its Salts in Hungary

In value terms, phthalic anhydride and terephthalic acid production amounted to $X in 2021 estimated in export price. In general, production recorded a abrupt decline. The growth pace was the most rapid in 2013 with an increase of 10% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from Hungary

In 2021, phthalic anhydride and terephthalic acid exports from Hungary surged to X tons, jumping by 35% compared with 2020. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 443% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, phthalic anhydride and terephthalic acid exports skyrocketed to $X in 2021. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 512%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Romania (X tons) was the main destination for phthalic anhydride and terephthalic acid exports from Hungary, with a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Romania amounted to +17.5%.

In value terms, Romania ($X) also remains the key foreign market for phthalic anhydride, terephthalic acid and its salts exports from Hungary.

From 2012 to 2021, the average annual growth rate of value to Romania totaled +11.5%.

Export Prices by Country

In 2021, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $X per ton, surging by 18% against the previous year. In general, the export price, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 34%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Romania.

From 2012 to 2021, the rate of growth in terms of prices for Romania amounted to -5.1% per year.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into Hungary

In 2021, approx. X tons of phthalic anhydride, terephthalic acid and its salts were imported into Hungary; jumping by 32% compared with the previous year's figure. Overall, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 89%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, phthalic anhydride and terephthalic acid imports skyrocketed to $X in 2021. Over the period under review, imports showed a tangible increase. The most prominent rate of growth was recorded in 2013 when imports increased by 119% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Austria (X tons) was the main supplier of phthalic anhydride and terephthalic acid to Hungary, with a 99% share of total imports. It was followed by Japan (X tons), with a 1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Austria totaled +10.3%.

In value terms, Austria ($X) constituted the largest supplier of phthalic anhydride, terephthalic acid and its salts to Hungary, comprising 91% of total imports. The second position in the ranking was taken by Japan ($X), with an 8.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Austria totaled +4.8%.

Import Prices by Country

In 2021, the average import price for phthalic anhydride, terephthalic acid and its salts amounted to $X per ton, surging by 15% against the previous year. Overall, the import price, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 an increase of 18% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, 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 Japan ($X per ton), while the price for Austria stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-0.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for phthalic anhydride, terephthalic acid and its salts in the world?

The countries with the highest volumes of in 2021 were China, India and the United States, together comprising 39% of global consumption. These countries were followed by Pakistan, Turkey, Taiwan Chinese), Russia, Brazil, South Korea, Indonesia, Mexico, Vietnam and Oman, which together accounted for a further 31%.

What are the largest producers of phthalic anhydride, terephthalic acid and its salts in the world?

China constituted the country with the largest volume of phthalic anhydride and terephthalic acid production, accounting for 22% of total volume. Moreover, phthalic anhydride and terephthalic acid production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 7.3% share.

What are the leading suppliers of phthalic anhydride, terephthalic acid and its salts to Hungary?

In value terms, Austria constituted the largest supplier of phthalic anhydride and terephthalic acid to Hungary.

What are the leading importers of phthalic anhydride, terephthalic acid and its salts from Hungary?

In value terms, Romania remains the key foreign market for phthalic anhydride and terephthalic acid exports from Hungary.

What is the average export price for phthalic anhydride, terephthalic acid and its salts in Hungary?

In 2021, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $1,126 per ton, with an increase of 26% against the previous year.

What is the average import price for phthalic anhydride, terephthalic acid and its salts in Hungary?

The average import price for phthalic anhydride, terephthalic acid and its salts stood at $1,118 per ton in 2021, jumping by 20% against the previous year.

This report provides an in-depth analysis of the market for phthalic anhydride and terephthalic acid in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143430 - Phthalic anhydride, terephthalic acid and its salts

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023