Hungary - Ethylene Glycol (Ethanediol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEthylene Glycol Price in Hungary - 2023
Contents:
- Ethylene Glycol Price in Hungary (CIF) - 2023
- Ethylene Glycol Price in Hungary (FOB) - 2022
- Ethylene Glycol Imports in Hungary
- Ethylene Glycol Exports in Hungary
Ethylene Glycol Price in Hungary (CIF) - 2023
In June 2023, the average ethylene glycol import price amounted to $591 per ton, reducing by -4.9% against the previous month. Over the period under review, the import price showed a noticeable decline. The pace of growth was the most pronounced in February 2023 when the average import price increased by 11% month-to-month. Over the period under review, average import prices attained the maximum at $958 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($5,802 per ton), while the price for Belgium ($560 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+19.6%), while the prices for the other major suppliers experienced a decline.
Ethylene Glycol Price in Hungary (FOB) - 2022
In 2022, the average ethylene glycol export price amounted to $3,329 per ton, jumping by 168% against the previous year. Overall, the export price recorded a remarkable increase. The export price peaked at $3,777 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($48,585 per ton), while the average price for exports to Romania ($654 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 Brazil (+35.4%), while the prices for the other major destinations experienced more modest paces of growth.
Ethylene Glycol Imports in Hungary
In 2022, ethylene glycol imports into Hungary expanded markedly to 8.6K tons, increasing by 5.4% compared with the previous year. The total import volume increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 16%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, ethylene glycol imports shrank dramatically to $6.8M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 77%. As a result, imports attained the peak of $8.7M, and then fell sharply in the following year.
| Import of Ethylene Glycol in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.1 | 0.7 | 1.0 | 2.7 | 34.9% |
| Belgium | 0.9 | 0.5 | 1.9 | 2.7 | 44.2% |
| Poland | 0.2 | 0.9 | 0.7 | 0.6 | 44.2% |
| Netherlands | 0.1 | 0.1 | N/A | 0.3 | 44.2% |
| Italy | 1.2 | 0.5 | 0.5 | 0.1 | -56.3% |
| Austria | 2.2 | 2.0 | 4.3 | 0.1 | -64.3% |
| Others | 0.1 | 0.2 | 0.3 | 0.3 | 44.2% |
| Total | 5.9 | 4.9 | 8.7 | 6.8 | 4.8% |
Top Suppliers of Ethylene Glycol to Hungary in 2022:
- Belgium (3.7K tons)
- Germany (3.2K tons)
- Poland (0.8K tons)
- Netherlands (0.4K tons)
- Italy (0.1K tons)
- Austria (0.1K tons)
Ethylene Glycol Exports in Hungary
After three years of growth, overseas shipments of ethylene glycol (ethanediol) decreased by -95.7% to 16 tons in 2022. In general, exports saw a precipitous contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 148% against the previous year.
In value terms, ethylene glycol exports dropped notably to $52K in 2022. Overall, exports recorded a sharp slump. The growth pace was the most rapid in 2020 when exports increased by 266% against the previous year. As a result, the exports attained the peak of $593K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Ethylene Glycol in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 72.8 | 303 | 116 | 30.0 | -25.6% |
| Ukraine | 0.3 | 258 | 138 | 18.4 | 294.4% |
| Romania | 23.4 | 12.4 | 33.5 | 2.8 | -50.7% |
| Mexico | 1.3 | 5.9 | 2.4 | 1.1 | -5.4% |
| North Macedonia | 50.3 | N/A | N/A | N/A | 0% |
| Serbia | 11.0 | 13.5 | 154 | N/A | 274.2% |
| Others | 3.1 | 0.6 | 6.1 | N/A | 40.3% |
| Total | 162 | 593 | 449 | 52.3 | -31.4% |
Top Export Markets for Ethylene Glycol from Hungary in 2022:
- Ukraine (10.5 tons)
- Romania (4.3 tons)
- Brazil (0.6 tons)
- Mexico (0.3 tons)
This report provides an in-depth analysis of the ethylene glycol market 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 20142310 - Ethylene glycol (ethanediol)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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