Hungary: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2024

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Hungary

In 2022, the Hungarian pigments, opacifiers and colours market decreased by -7.8% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption recorded a prominent increase. Pigments, opacifiers and colours consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports from Hungary

In 2022, overseas shipments of pigments, opacifiers and colours for ceramics, enamelling or glass increased by 112% to X tons, rising for the second consecutive year after four years of decline. Overall, exports, however, continue to indicate a abrupt decrease. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, pigments, opacifiers and colours exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2013 when exports increased by 68%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X tons), Austria (X tons) and Germany (X tons) were the main destinations of pigments, opacifiers and colours exports from Hungary, together comprising 93% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of -2.2%), while the other leaders experienced a decline.

In value terms, Romania ($X), Austria ($X) and Serbia ($X) were the largest markets for pigments, opacifiers and colours exported from Hungary worldwide, with a combined 84% share of total exports. Germany and Slovakia lagged somewhat behind, together comprising a further 6.8%.

In terms of the main countries of destination, Germany, with a CAGR of +4.6%, recorded 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 2022, the average pigments, opacifiers and colours export price amounted to $X per ton, shrinking by -35.7% against the previous year. In general, the export price, however, recorded moderate growth. The pace of growth was the most pronounced in 2017 an increase of 66% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Serbia ($X per ton), while the average price for exports to Austria ($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 (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports into Hungary

In 2022, imports of pigments, opacifiers and colours for ceramics, enamelling or glass into Hungary was estimated at X tons, rising by 2.8% on the previous year's figure. Overall, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 62%. Imports peaked at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, pigments, opacifiers and colours imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 30%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Slovenia (X tons) and Poland (X tons) were the main suppliers of pigments, opacifiers and colours imports to Hungary, with a combined 81% 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 Slovenia (with a CAGR of +170.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pigments, opacifiers and colours for ceramics, enamelling or glass to Hungary, comprising 44% of total imports. The second position in the ranking was held by Slovenia ($X), with an 11% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+138.8% per year) and Italy (+2.4% per year).

Import Prices by Country

In 2022, the average pigments, opacifiers and colours import price amounted to $X per ton, falling by -14.8% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 an increase of 21% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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