Hungary: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Hungary

In 2022, the Hungarian market for pure polyvinyl chloride in primary forms increased by 73% to $X, rising for the second year in a row after three years of decline. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +108.1% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Pure Polyvinyl Chloride in Primary Forms in Hungary

In value terms, production of pure polyvinyl chloride in primary forms dropped slightly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 19% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Hungary

In 2022, shipments abroad of pure polyvinyl chloride in primary forms decreased by -19.5% to X tons, falling for the second consecutive year after three years of growth. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 13%. 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 pure polyvinyl chloride in primary forms fell to $X in 2022. Over the period under review, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +44.4% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 76%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Romania (X tons), Poland (X tons) and Germany (X tons) were the main destinations of exports of pure polyvinyl chloride in primary forms from Hungary, together accounting for 52% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +3.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Poland ($X) and Germany ($X) were the largest markets for pure polyvinyl chloride in primary forms exported from Hungary worldwide, with a combined 52% share of total exports.

Poland, with a CAGR of +8.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 pure polyvinyl chloride in primary forms amounted to $X per ton, with an increase of 11% against the previous year. Overall, the export price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 an increase of 82% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and Serbia ($X per ton), while the average price for exports to Poland ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Hungary

In 2022, the amount of pure polyvinyl chloride in primary forms imported into Hungary amounted to X tons, approximately mirroring the previous year's figure. In general, imports, however, recorded a mild downturn. The growth pace was the most rapid in 2013 with an increase of 23%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of pure polyvinyl chloride in primary forms expanded remarkably to $X in 2022. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Belgium (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of imports of pure polyvinyl chloride in primary forms to Hungary, together accounting for 69% of total imports. The Czech Republic, France, Sweden, Turkey and Italy lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +70.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Poland ($X) and Germany ($X) appeared to be the largest pure polyvinyl chloride in primary forms suppliers to Hungary, together accounting for 69% of total imports. The Czech Republic, France, Sweden, Turkey and Italy lagged somewhat behind, together comprising a further 28%.

Turkey, with a CAGR of +68.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for pure polyvinyl chloride in primary forms amounted to $X per ton, with an increase of 9.1% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for pure polyvinyl chloride in primary forms increased by +91.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 76%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Sweden ($X per ton) and France ($X per ton), while the price for Turkey ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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