Hungary: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Hungary

In 2022, the Hungarian polyvinyl chloride market increased by 75% to $X, rising for the second year in a row after three years of decline. In general, consumption posted a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Polyvinyl Chloride Production in Hungary

In value terms, polyvinyl chloride production reduced markedly to $X in 2022 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2022: its value 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, production increased by +37.5% against 2020 indices. The growth pace was the most rapid in 2021 when the production volume increased by 75% against the previous year. As a result, production attained the peak level of $X, and then contracted notably in the following year.

Polyvinyl Chloride Exports

Exports from Hungary

In 2022, shipments abroad of polyvinyl chloride decreased by -18.6% to X tons, falling for the second consecutive year after three years of growth. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 13% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, polyvinyl chloride exports shrank to $X in 2022. Overall, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +45.8% against 2018 indices. The pace of growth was the most pronounced in 2021 when exports increased by 74%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Romania (X tons), Poland (X tons) and Germany (X tons) were the main destinations of polyvinyl chloride exports from Hungary, with a combined 52% share 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 Poland (with a CAGR of +3.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyvinyl chloride exported from Hungary were Romania ($X), Poland ($X) and Germany ($X), with a combined 51% share of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +8.6%, 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

The average polyvinyl chloride export price stood at $X per ton in 2022, surging by 10% against the previous year. Over the period under review, the export price enjoyed buoyant growth. The growth pace was the most rapid in 2021 when the average export price increased by 81% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to 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.

Polyvinyl Chloride Imports

Imports into Hungary

Polyvinyl chloride imports into Hungary fell to X tons in 2022, stabilizing at the previous year's figure. Over the period under review, imports saw a slight shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 15%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, polyvinyl chloride imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 59%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of polyvinyl chloride to Hungary, accounting for a 35% share of total imports. Moreover, polyvinyl chloride imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was taken by Belgium (X tons), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+60.9% per year) and Belgium (-6.4% per year).

In value terms, Germany ($X) constituted the largest supplier of polyvinyl chloride to Hungary, comprising 38% of total imports. The second position in the ranking was taken by Poland ($X), with a 17% share of total imports. It was followed by Belgium, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+64.7% per year) and Belgium (-1.6% per year).

Import Prices by Country

The average polyvinyl chloride import price stood at $X per ton in 2022, growing by 13% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride import price increased by +76.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 57%. 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 UK ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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