Hungary: Styrene-Acrylonitrile Copolymers Market 2024

Styrene-Acrylonitrile Copolymers Market Size in Hungary

In 2022, the Hungarian styrene-acrylonitrile copolymers market decreased by -2.2% to $X, falling for the second year in a row after nine years of growth. In general, consumption, however, recorded a prominent increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Styrene-Acrylonitrile Copolymers Production in Hungary

In value terms, styrene-acrylonitrile copolymers production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 35% against the previous year. Styrene-acrylonitrile copolymers production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Styrene-Acrylonitrile Copolymers Exports

Exports from Hungary

In 2022, approx. X tons of styrene-acrylonitrile (san) copolymers in primary forms were exported from Hungary; waning by -34.4% on 2021 figures. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2014 with an increase of 350%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined markedly in the following year.

In value terms, styrene-acrylonitrile copolymers exports contracted significantly to $X in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 231%. Over the period under review, the exports hit record highs at $X in 2021, and then declined sharply in the following year.

Exports by Country

Poland (X tons) was the main destination for styrene-acrylonitrile copolymers exports from Hungary, with a 80% share of total exports. Moreover, styrene-acrylonitrile copolymers exports to Poland exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with a 0.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland amounted to +103.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+32.3% per year) and Italy (+0.3% per year).

In value terms, Poland ($X) remains the key foreign market for styrene-acrylonitrile (san) copolymers in primary forms exports from Hungary, comprising 93% of total exports. The second position in the ranking was taken by Germany ($X), with a 5.7% share of total exports. It was followed by Italy, with a 0.2% share.

From 2012 to 2022, the average annual growth rate of value to Poland stood at +110.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+20.6% per year) and Italy (-4.2% per year).

Export Prices by Country

In 2022, the average styrene-acrylonitrile copolymers export price amounted to $X per ton, rising by 22% against the previous year. Over the period under review, the export price, however, recorded a slight descent. The pace of growth appeared the most rapid in 2021 when the average export price increased by 31%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Germany ($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 Poland (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.

Styrene-Acrylonitrile Copolymers Imports

Imports into Hungary

In 2022, purchases abroad of styrene-acrylonitrile (san) copolymers in primary forms decreased by -25.5% to X tons for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 84% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank dramatically in the following year.

In value terms, styrene-acrylonitrile copolymers imports declined to $X in 2022. Overall, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 88%. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, South Korea (X tons) constituted the largest styrene-acrylonitrile copolymers supplier to Hungary, accounting for a 83% share of total imports. Moreover, styrene-acrylonitrile copolymers imports from South Korea exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), tenfold. Italy (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea totaled +290.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+30.4% per year) and Italy (+18.5% per year).

In value terms, South Korea ($X) constituted the largest supplier of styrene-acrylonitrile (san) copolymers in primary forms to Hungary, comprising 79% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 9.9% share of total imports. It was followed by Italy, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value from South Korea totaled +295.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+32.0% per year) and Italy (+20.7% per year).

Import Prices by Country

In 2022, the average styrene-acrylonitrile copolymers import price amounted to $X per ton, growing by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2021 when the average import price increased by 43% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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