Hungary: Market for Scouring Pastes And Powders 2024

Market Size for Scouring Pastes And Powders in Hungary

In 2021, the Hungarian scouring pastes and powders market decreased by -0.4% to $X for the first time since 2015, thus ending a five-year rising trend. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then contracted modestly in the following year.

Production of Scouring Pastes And Powders in Hungary

In value terms, scouring pastes and powders production contracted remarkably to $X in 2021 estimated in export price. In general, production showed a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 88%. Scouring pastes and powders production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Scouring Pastes And Powders

Exports from Hungary

In 2021, approx. X tons of scouring pastes and powders were exported from Hungary; declining by -17.1% compared with the previous year. In general, exports continue to indicate a mild downturn. The pace of growth was the most pronounced in 2013 with an increase of 17%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, scouring pastes and powders exports dropped modestly to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons), Poland (X tons) and France (X tons) were the main destinations of scouring pastes and powders exports from Hungary, with a combined 42% share of total exports. Romania, the Netherlands, Italy, Belgium, Germany, Greece, the Czech Republic, Portugal, Slovakia and Ukraine lagged somewhat behind, together comprising a further 45%.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +229.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for scouring pastes and powders exported from Hungary were the UK ($X), Poland ($X) and Germany ($X), with a combined 37% share of total exports. France, Romania, Belgium, Italy, the Netherlands, Greece, the Czech Republic, Slovakia, Portugal and Ukraine lagged somewhat behind, together comprising a further 37%.

Among the main countries of destination, Greece, with a CAGR of +216.6%, saw the highest rates of growth with regard to 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 2021, the average scouring pastes and powders export price amounted to $X per ton, picking up by 19% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. 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 Germany ($X per ton), while the average price for exports to the Netherlands ($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 Germany (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Scouring Pastes And Powders

Imports into Hungary

After two years of decline, purchases abroad of scouring pastes and powders increased by 26% to X tons in 2021. Over the period under review, imports recorded a pronounced increase. The pace of growth appeared the most rapid in 2013 when imports increased by 247%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, scouring pastes and powders imports surged to $X in 2021. Overall, imports saw resilient growth. The growth pace was the most rapid in 2013 when imports increased by 218% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Poland (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of scouring pastes and powders imports to Hungary, together comprising 84% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +11.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest scouring pastes and powders suppliers to Hungary were the Netherlands ($X), Poland ($X) and Germany ($X), with a combined 77% share of total imports.

The Netherlands, with a CAGR of +14.5%, recorded 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 scouring pastes and powders import price amounted to $X per ton, growing by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2016 an increase of 19% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 Austria ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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