Hungary: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Hungary

The Hungarian reaction initiators and accelerators market fell remarkably to $X in 2022, waning by -41.3% against the previous year. Overall, consumption, however, recorded notable growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Hungary

In value terms, reaction initiators and accelerators production totaled $X in 2022 estimated in export price. In general, production saw a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 3.2% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Hungary

In 2022, after two years of growth, there was significant decline in shipments abroad of reaction initiators, reaction accelerators and catalytic preparations, when their volume decreased by -12.2% to X tons. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 58% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, reaction initiators and accelerators exports soared to $X in 2022. Overall, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 44% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), China (X tons) and Romania (X tons) were the main destinations of reaction initiators and accelerators exports from Hungary, with a combined 62% 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 the Netherlands (with a CAGR of +48.1%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Poland ($X) and China ($X) appeared to be the largest markets for reaction initiators and accelerators exported from Hungary worldwide, with a combined 68% share of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +48.2%, 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

In 2022, the average reaction initiators and accelerators export price amounted to $X per ton, jumping by 42% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, reaction initiators and accelerators export price increased by +70.4% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Hungary

Reaction initiators and accelerators imports into Hungary fell dramatically to X tons in 2022, which is down by -31.3% against 2021 figures. In general, imports saw a perceptible downturn. The pace of growth appeared the most rapid in 2015 with an increase of 63%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, reaction initiators and accelerators imports fell significantly to $X in 2022. Overall, imports, however, showed a temperate increase. The pace of growth appeared the most rapid in 2021 with an increase of 89% against the previous year. As a result, imports attained the peak of $X, and then declined significantly in the following year.

Imports by Country

Germany (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of reaction initiators and accelerators imports to Hungary, with a combined 78% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +27.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of reaction initiators, reaction accelerators and catalytic preparations to Hungary, comprising 58% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+27.6% per year) and France (+9.4% per year).

Import Prices by Country

The average reaction initiators and accelerators import price stood at $X per ton in 2022, declining by -6% against the previous year. Over the period under review, the import price, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 79%. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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