Hungary: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in Hungary

The Hungarian prepared rubber accelerators market soared to $X in 2021, increasing by 54% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed resilient growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Prepared Rubber Accelerators Exports

Exports from Hungary

Prepared rubber accelerators exports from Hungary reduced remarkably to X tons in 2021, declining by -76% compared with 2020 figures. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 3,676%. As a result, the exports attained the peak of X tons, and then reduced dramatically in the following year.

In value terms, prepared rubber accelerators exports declined markedly to $X in 2021. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 6,230%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Slovenia (X tons) was the main destination for prepared rubber accelerators exports from Hungary, with a 53% share of total exports. Moreover, prepared rubber accelerators exports to Slovenia exceeded the volume sent to the second major destination, Croatia (X tons), twofold. The third position in this ranking was taken by Romania (X tons), with a 20% share.

From 2012 to 2021, the average annual growth rate of volume to Slovenia stood at +72.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+60.8% per year) and Romania (+21.9% per year).

In value terms, Slovenia ($X) emerged as the key foreign market for prepared rubber accelerators exports from Hungary, comprising 62% of total exports. The second position in the ranking was held by Romania ($X), with an 18% share of total exports. It was followed by Croatia, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Slovenia totaled +39.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+29.0% per year) and Croatia (+69.9% per year).

Export Prices by Country

The average prepared rubber accelerators export price stood at $X per ton in 2021, growing by 68% against the previous year. Overall, the export price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 148%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+62.8%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Rubber Accelerators Imports

Imports into Hungary

In 2021, prepared rubber accelerators imports into Hungary skyrocketed to X tons, with an increase of 28% on 2020. Over the period under review, imports recorded a prominent expansion. The growth pace was the most rapid in 2019 with an increase of 107%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, prepared rubber accelerators imports skyrocketed to $X in 2021. In general, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2019 when imports increased by 74% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and Slovakia (X tons) were the main suppliers of prepared rubber accelerators imports to Hungary, together comprising 83% of total imports. The Czech Republic, Italy and India lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +185.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Slovakia ($X) constituted the largest prepared rubber accelerators suppliers to Hungary, together accounting for 80% of total imports. The Czech Republic, India and Italy lagged somewhat behind, together accounting for a further 15%.

India, with a CAGR of +238.0%, saw the highest growth rate of 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

In 2021, the average prepared rubber accelerators import price amounted to $X per ton, surging by 19% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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