Hungary: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Hungary

In 2022, the Hungarian fluorescent brightening agents market decreased by -27.2% to $X, falling for the second consecutive year after six years of growth. In general, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -31.5% against 2020 indices. Fluorescent brightening agents consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Fluorescent Brightening Agents Production in Hungary

In value terms, fluorescent brightening agents production reached $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 11%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Fluorescent Brightening Agents Exports

Exports from Hungary

In 2022, exports of synthetic organic products used as fluorescent brightening agents from Hungary shrank significantly to X kg, which is down by -96.9% on 2021. In general, exports showed a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 2,563%. As a result, the exports attained the peak of X tons, and then declined sharply in the following year.

In value terms, fluorescent brightening agents exports fell markedly to $X in 2022. Over the period under review, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,461% against the previous year. As a result, the exports attained the peak of $X, and then declined sharply in the following year.

Exports by Country

Indonesia (X kg), the United States (X kg) and Slovakia (X kg) were the main destinations of fluorescent brightening agents exports from Hungary, together accounting for 93% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +105.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X) remains the key foreign market for synthetic organic products used as fluorescent brightening agents exports from Hungary, comprising 69% of total exports. The second position in the ranking was held by the United States ($X), with a 29% share of total exports. It was followed by Slovakia, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia amounted to +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+91.5% per year) and Slovakia (+33.8% per year).

Export Prices by Country

The average fluorescent brightening agents export price stood at $X per ton in 2022, surging by 1,501% against the previous year. Overall, the export price enjoyed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Indonesia ($X per ton), while the average price for exports to Romania ($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 Indonesia (+62.2%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports into Hungary

In 2022, supplies from abroad of synthetic organic products used as fluorescent brightening agents decreased by -71.4% to X tons, falling for the second consecutive year after seven years of growth. In general, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2014 when imports increased by 253% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, fluorescent brightening agents imports declined sharply to $X in 2022. Overall, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 87%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of fluorescent brightening agents to Hungary, with a 64% share of total imports. Moreover, fluorescent brightening agents imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. Poland (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +40.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+21.8% per year) and Poland (+76.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of synthetic organic products used as fluorescent brightening agents to Hungary, comprising 60% of total imports. The second position in the ranking was taken by the United States ($X), with a 24% share of total imports. It was followed by Germany, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.9% per year) and Germany (-3.8% per year).

Import Prices by Country

The average fluorescent brightening agents import price stood at $X per ton in 2022, jumping by 117% against the previous year. Over the period under review, the import price, however, showed a pronounced slump. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+26.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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