Hungary: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Hungary

In 2022, the Hungarian market for plasticised mixed polyvinyl chloride in primary forms increased by 4.2% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in Hungary

In value terms, production of plasticised mixed polyvinyl chloride in primary forms contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2016 with an increase of 18% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth remained at a somewhat lower figure.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Hungary

In 2022, overseas shipments of plasticised mixed polyvinyl chloride in primary forms decreased by -7.7% to X tons, falling for the second consecutive year after two years of growth. In general, total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -26.4% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 32%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms reached $X in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +8.0% 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 +80.5% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 33% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Romania (X tons), the Czech Republic (X tons) and Slovakia (X tons) were the main destinations of exports of plasticised mixed polyvinyl chloride in primary forms from Hungary, together comprising 91% of total exports. Poland, Serbia and Croatia lagged somewhat behind, together comprising a further 6.1%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +45.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plasticised mixed polyvinyl chloride in primary forms exported from Hungary were Romania ($X), the Czech Republic ($X) and Slovakia ($X), with a combined 91% share of total exports. Serbia, Poland and Croatia lagged somewhat behind, together accounting for a further 6%.

In terms of the main countries of destination, Croatia, with a CAGR of +41.3%, saw the highest rates of growth with regard to 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 export price for plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, with an increase of 8.6% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price 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, export price for plasticised mixed polyvinyl chloride in primary forms increased by +76.1% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 62%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Poland ($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 the Czech Republic (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Hungary

In 2022, supplies from abroad of plasticised mixed polyvinyl chloride in primary forms decreased by -4.6% to X tons, falling for the sixth year in a row after two years of growth. In general, imports recorded a noticeable decrease. The pace of growth was the most pronounced in 2015 when imports increased by 10% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms rose rapidly to $X in 2022. Over the period under review, imports saw a slight setback. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest plasticised mixed polyvinyl chloride in primary forms supplier to Hungary, accounting for a 77% share of total imports. Moreover, imports of plasticised mixed polyvinyl chloride in primary forms from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), sevenfold. The third position in this ranking was taken by Austria (X tons), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-5.9% per year) and Austria (-1.7% per year).

In value terms, Germany ($X) constituted the largest supplier of plasticised mixed polyvinyl chloride in primary forms to Hungary, comprising 75% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by France, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.8% per year) and France (-10.1% per year).

Import Prices by Country

The average import price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, picking up by 16% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2021 an increase of 26% against the previous year. 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 Netherlands ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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