Hungary: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Hungary

The Hungarian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at less than $X in 2022, leveling off at the previous year. Over the period under review, consumption, however, showed a noticeable reduction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Hungary

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms totaled less than $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of 24% against the previous year. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Hungary

After two years of growth, shipments abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -2.7% to X tons in 2016. Overall, exports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 15%. The exports peaked at X tons in 2012; however, from 2013 to 2016, the exports remained at a lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms declined dramatically to $X in 2016. Over the period under review, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2015 when exports increased by 0.8% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2016, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Hungary, accounting for a 74% share of total exports. Moreover, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Austria exceeded the volume sent to the second major destination, China (X tons), tenfold. The third position in this ranking was taken by Canada (X tons), with a 5.8% share.

From 2012 to 2016, the average annual rate of growth in terms of volume to Austria amounted to +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-9.0% per year) and Canada (+54.6% per year).

In value terms, Austria ($X) remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Hungary, comprising 82% of total exports. The second position in the ranking was taken by China ($X), with a 3.2% share of total exports. It was followed by Slovakia, with a 3% share.

From 2012 to 2016, the average annual rate of growth in terms of value to Austria totaled -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-22.0% per year) and Slovakia (-7.0% per year).

Export Prices by Country

The average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2016, which is down by -13.1% against the previous year. In general, the export price continues to indicate a abrupt setback. The growth pace was the most rapid in 2013 when the average export price decreased by -6.3%. The export price peaked at $X per ton in 2012; however, from 2013 to 2016, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+10.6%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Hungary

For the fifth consecutive year, Hungary recorded growth in supplies from abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms, which increased by 8.2% to X tons in 2016. The total import volume increased at an average annual rate of +6.7% over the period from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 19%. Over the period under review, imports of hit record highs in 2016 and are likely to see gradual growth in years to come.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms reached $X in 2016. Over the period under review, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 1.4% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2016, the growth of imports of failed to regain momentum.

Imports by Country

Lithuania (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Hungary, with a combined 75% share of total imports. Belgium, South Korea, Italy and Austria lagged somewhat behind, together comprising a further 18%.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +76.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Germany ($X) and Poland ($X) were the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms suppliers to Hungary, together accounting for 75% of total imports. Belgium, South Korea, Austria and Italy lagged somewhat behind, together comprising a further 17%.

South Korea, with a CAGR of +47.7%, saw the highest rates of growth with regard to 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 polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2016, declining by -7.5% against the previous year. Over the period under review, the import price showed a abrupt descent. The growth pace was the most rapid in 2013 a decrease of -0.8% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2016, import prices failed to regain momentum.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Austria (-8.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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