Report Update Nov 1, 2024

Hungary - Synthetic Organic Tanning Substances - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Market for Synthetic Organic Tanning Substances 2024

Market Size for Synthetic Organic Tanning Substances in Hungary

The Hungarian synthetic organic tanning substances market stood at less than $X in 2021, stabilizing at the previous year. In general, consumption, however, showed a abrupt decline. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Synthetic Organic Tanning Substances in Hungary

In value terms, synthetic organic tanning substances production totaled $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 444%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Synthetic Organic Tanning Substances

Exports from Hungary

In 2019, overseas shipments of synthetic organic tanning substances increased by 1,294% to X tons, rising for the third year in a row after four years of decline. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic organic tanning substances exports soared to $X in 2019. Over the period under review, exports posted a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons) was the main destination for synthetic organic tanning substances exports from Hungary, with a 78% share of total exports. Moreover, synthetic organic tanning substances exports to Poland exceeded the volume sent to the second major destination, France (X tons), sevenfold. Italy (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2019, the average annual growth rate of volume to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.5% per year) and Italy (+17.1% per year).

In value terms, Poland ($X) emerged as the key foreign market for synthetic organic tanning substances exports from Hungary, comprising 78% of total exports. The second position in the ranking was taken by France ($X), with an 8.7% share of total exports. It was followed by Italy, with a 7.2% share.

From 2012 to 2019, the average annual rate of growth in terms of value to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-4.7% per year) and Italy (-0.2% per year).

Export Prices by Country

The average synthetic organic tanning substances export price stood at $X per ton in 2019, declining by -44.3% against the previous year. Overall, the export price continues to indicate a pronounced decline. The growth pace was the most rapid in 2013 when the average export price increased by 58%. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2019, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2019, the countries with the highest prices were the Netherlands ($X per ton) and Poland ($X per ton), while the average price for exports to France ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+17.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Synthetic Organic Tanning Substances

Imports into Hungary

In 2021, synthetic organic tanning substances imports into Hungary declined dramatically to X kg, waning by -98.2% compared with the previous year. In general, imports faced a precipitous curtailment. The growth pace was the most rapid in 2020 with an increase of 302% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, synthetic organic tanning substances imports shrank rapidly to $X in 2021. Over the period under review, imports recorded a dramatic setback. The pace of growth was the most pronounced in 2020 with an increase of 2,071% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X kg) was the main synthetic organic tanning substances supplier to Hungary, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +5.9%.

In value terms, India ($X) constituted the largest supplier of synthetic organic tanning substances to Hungary.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +43.9%.

Import Prices by Country

In 2021, the average synthetic organic tanning substances import price amounted to $X per ton, with an increase of 65% against the previous year. In general, the import price showed a significant expansion. The pace of growth appeared the most rapid in 2020 an increase of 440%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +35.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic organic tanning substances in the world?

The countries with the highest volumes of in 2021 were China, Russia and India, with a combined 45% share of global consumption.

What are the largest producers of synthetic organic tanning substances in the world?

The countries with the highest volumes of in 2021 were Russia, Italy and India, together accounting for 53% of global production. Spain, Germany, the Netherlands and France lagged somewhat behind, together accounting for a further 39%.

What are the leading suppliers of synthetic organic tanning substances to Hungary?

In value terms, India constituted the largest supplier of synthetic organic tanning substances to Hungary.

What are the leading importers of synthetic organic tanning substances from Hungary?

In value terms, Poland emerged as the key foreign market for synthetic organic tanning substances exports from Hungary, comprising 80% of total exports. The second position in the ranking was occupied by France, with an 8.9% share of total exports. It was followed by Italy, with a 6.7% share.

What is the average export price for synthetic organic tanning substances in Hungary?

In 2019, the average synthetic organic tanning substances export price amounted to $1,365 per ton, which is down by -17.1% against the previous year.

What is the average import price for synthetic organic tanning substances in Hungary?

The average synthetic organic tanning substances import price stood at $9,848 per ton in 2021, waning by -15.4% against the previous year.

This report provides an in-depth analysis of the market for synthetic organic tanning substances in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20122330 - Synthetic organic tanning substances

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023