Hungary: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Hungary

After two years of decline, the Hungarian unsaturated acyclic hydrocarbons market increased by 35% to $X in 2021. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Unsaturated Acyclic Hydrocarbons Production in Hungary

In value terms, unsaturated acyclic hydrocarbons production expanded remarkably to $X in 2021 estimated in export price. Overall, production recorded a mild shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 67%. Unsaturated acyclic hydrocarbons production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Unsaturated Acyclic Hydrocarbons Exports

Exports from Hungary

In 2021, shipments abroad of unsaturated acyclic hydrocarbons increased by 33% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +9.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +78.7% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 37% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, unsaturated acyclic hydrocarbons exports surged to $X in 2021. In general, exports enjoyed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovakia (X tons), Austria (X tons) and Croatia (X tons) were the main destinations of unsaturated acyclic hydrocarbons exports from Hungary, together accounting for 94% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +34.5%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Austria ($X) and Croatia ($X) constituted the largest markets for unsaturated acyclic hydrocarbons exported from Hungary worldwide, with a combined 93% share of total exports.

Austria, with a CAGR of +36.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 unsaturated acyclic hydrocarbons export price amounted to $X per ton, picking up by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Croatia ($X per ton) and Austria ($X per ton), while the average price for exports to Latvia ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Unsaturated Acyclic Hydrocarbons Imports

Imports into Hungary

In 2021, overseas purchases of unsaturated acyclic hydrocarbons were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports enjoyed a tangible increase. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, unsaturated acyclic hydrocarbons imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) was the main supplier of unsaturated acyclic hydrocarbons to Hungary, accounting for a 98% share of total imports. It was followed by Austria (X tons), with a 0.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +2.7%.

In value terms, Belgium ($X) constituted the largest supplier of unsaturated acyclic hydrocarbons to Hungary, comprising 89% of total imports. The second position in the ranking was taken by Austria ($X), with a 0.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Belgium amounted to -1.2%.

Import Prices by Country

In 2021, the average unsaturated acyclic hydrocarbons import price amounted to $X per ton, declining by -63.4% against the previous year. In general, the import price saw a pronounced decline. The most prominent rate of growth was recorded in 2018 an increase of 90% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then reduced notably in the following year.

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 Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+3.0%).

Source: IndexBox Platform

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