Hungary: Unsaturated Monohydric Alcohols Market 2024

Unsaturated Monohydric Alcohols Market Size in Hungary

The Hungarian unsaturated monohydric alcohols market was estimated at $X in 2022, approximately reflecting the previous year. Overall, consumption, however, showed a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Unsaturated Monohydric Alcohols Production in Hungary

In value terms, unsaturated monohydric alcohols production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Unsaturated Monohydric Alcohols Exports

Exports from Hungary

Unsaturated monohydric alcohols exports from Hungary declined significantly to X kg in 2022, with a decrease of X% on 2021 figures. In general, exports showed a dramatic decrease. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, unsaturated monohydric alcohols exports declined to $X in 2022. Overall, exports, however, recorded a perceptible expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X kg) was the main destination for unsaturated monohydric alcohols exports from Hungary, with a X% share of total exports. Moreover, unsaturated monohydric alcohols exports to Germany exceeded the volume sent to the second major destination, the UK (X kg), more than tenfold. The Czech Republic (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X.0% per year) and the Czech Republic (X% per year).

In value terms, Germany ($X) remains the key foreign market for unsaturated monohydric alcohols exports from Hungary, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average unsaturated monohydric alcohols export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price showed significant growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the UK ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Unsaturated Monohydric Alcohols Imports

Imports into Hungary

In 2022, purchases abroad of unsaturated monohydric alcohols increased by X% to X tons, rising for the third year in a row after three years of decline. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, unsaturated monohydric alcohols imports skyrocketed to $X in 2022. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of unsaturated monohydric alcohols to Hungary, with a X% share of total imports. Moreover, unsaturated monohydric alcohols imports from Spain exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and the United States (X% per year).

In value terms, Slovakia ($X), Spain ($X) and Germany ($X) constituted the largest unsaturated monohydric alcohols suppliers to Hungary, with a combined X% share of total imports. France, the United States, the Netherlands, the UK and the Czech Republic lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average unsaturated monohydric alcohols import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price saw a tangible increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :