Hungary: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Hungary

For the third consecutive year, the Hungarian market for polyethylene with a specific gravity of less than X, in primary forms recorded decline in sales value, which decreased by -33.4% to $X in 2021. In general, consumption showed a abrupt downturn. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Hungary

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms dropped significantly to $X in 2021 estimated in export price. In general, production saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by 41%. As a result, production reached the peak level of $X. From 2015 to 2021, production of growth failed to regain momentum.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Hungary

In 2021, shipments abroad of polyethylene with a specific gravity of less than X, in primary forms increased by 11% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when exports increased by 31%. Over the period under review, the exports of reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. Overall, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), Germany (X tons) and Italy (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from Hungary, together accounting for 51% of total exports. These countries were followed by Romania, France, Serbia, Austria, Slovenia, Spain, Lithuania, the UK, Greece and Bulgaria, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +26.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene with a specific gravity of less than X exported from Hungary were Poland ($X), Germany ($X) and Romania ($X), with a combined 53% share of total exports. These countries were followed by Italy, Austria, Serbia, France, Slovenia, Spain, Lithuania, the UK, Greece and Bulgaria, which together accounted for a further 40%.

In terms of the main countries of destination, Spain, with a CAGR of +31.9%, saw 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 2021, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, jumping by 79% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Lithuania ($X per ton) and Poland ($X per ton), while the average price for exports to France ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Hungary

In 2021, imports of polyethylene with a specific gravity of less than X, in primary forms into Hungary rose significantly to X tons, picking up by 5.4% against the year before. The total import volume increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 14% against the previous year. Over the period under review, imports of hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Hungary, together comprising 57% of total imports. Serbia, Austria, South Korea, France, Slovakia, Italy, Spain and the UK lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +29.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene with a specific gravity of less than X suppliers to Hungary were the Netherlands ($X), Germany ($X) and Belgium ($X), together comprising 57% of total imports. These countries were followed by Serbia, Austria, France, South Korea, Slovakia, Italy, Spain and the UK, which together accounted for a further 37%.

Among the main suppliers, South Korea, with a CAGR of +29.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, increasing by 50% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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