Hungary: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in Hungary

The Hungarian rosin and resin acids market skyrocketed to $X in 2022, jumping by X% 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, however, showed a deep downturn. Rosin and resin acids consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Rosin And Resin Acids And Derivatives

Exports from Hungary

In 2022, shipments abroad of rosin and resin acids and derivatives decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, rosin and resin acids exports contracted rapidly to $X in 2022. Over the period under review, exports saw a mild setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for rosin and resin acids exports from Hungary, with a X% share of total exports. Moreover, rosin and resin acids exports to Germany exceeded the volume sent to the second major destination, Serbia (X tons), eightfold. Malaysia (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Malaysia (X% per year).

In value terms, Germany ($X) remains the key foreign market for rosin and resin acids and derivatives exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Serbia ($X), with a X% share of total exports. It was followed by the UK, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average rosin and resin acids export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price faced a abrupt slump. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 the UK ($X per ton), while the average price for exports to Germany ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rosin And Resin Acids And Derivatives

Imports into Hungary

In 2022, approx. X tons of rosin and resin acids and derivatives were imported into Hungary; falling by X% against 2021. Overall, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, rosin and resin acids imports soared to $X in 2022. In general, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X tons), Belgium (X tons) and Portugal (X tons) were the main suppliers of rosin and resin acids imports to Hungary, with a combined X% share of total imports.

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

In value terms, the largest rosin and resin acids suppliers to Hungary were Belgium ($X), Brazil ($X) and the United States ($X), with a combined X% share of total imports. The Netherlands, Germany, France, Portugal, Austria and China lagged somewhat behind, together comprising a further X%.

Portugal, with a CAGR of X%, 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 2022, the average rosin and resin acids import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, recorded a perceptible curtailment. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Brazil ($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 Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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