Hungary - Isocyanates - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingIsocyanates Price in Hungary - 2023
Contents:
- Isocyanates Price in Hungary (FOB) - 2023
- Isocyanates Price in Hungary (CIF) - 2023
- Isocyanates Exports in Hungary
- Isocyanates Imports in Hungary
Isocyanates Price in Hungary (FOB) - 2023
In June 2023, the average isocyanates export price amounted to $2,744 per ton, falling by -6.1% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 19% month-to-month. The export price peaked at $3,569 per ton in December 2022; however, from January 2023 to June 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In June 2023, the highest price was recorded for prices to Ukraine ($3,276 per ton) and Switzerland ($3,134 per ton), while the average price for exports to India ($2,315 per ton) and Tunisia ($2,325 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Isocyanates Price in Hungary (CIF) - 2023
The average isocyanates import price stood at $2,618 per ton in June 2023, with a decrease of -8.6% against the previous month. In general, the import price continues to indicate a mild reduction. The pace of growth was the most pronounced in February 2023 when the average import price increased by 14% against the previous month. As a result, import price reached the peak level of $3,549 per ton. From March 2023 to June 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for Germany amounted to +1.6% per month.
Isocyanates Exports in Hungary
Isocyanates exports from Hungary declined dramatically to 230K tons in 2022, reducing by -16.1% compared with the year before. Overall, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of 9% against the previous year. As a result, the exports attained the peak of 274K tons, and then declined markedly in the following year.
In value terms, isocyanates exports contracted to $702M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56%. As a result, the exports reached the peak of $776M, and then dropped in the following year.
| Export of Isocyanates in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 54.4 | 64.6 | 94.3 | 103 | 23.7% |
| Turkey | 66.3 | 64.0 | 103 | 98.6 | 14.1% |
| Italy | 63.9 | 60.9 | 99.8 | 98.2 | 15.4% |
| Belgium | 47.5 | 32.8 | 80.6 | 54.9 | 4.9% |
| Romania | 20.3 | 26.8 | 44.5 | 43.4 | 28.8% |
| Germany | 29.1 | 32.9 | 39.6 | 39.6 | 10.8% |
| Portugal | 17.7 | 22.4 | 38.4 | 34.7 | 25.2% |
| Spain | 13.0 | 16.2 | 27.1 | 27.3 | 28.1% |
| Egypt | 12.4 | 8.0 | 14.6 | 15.6 | 8.0% |
| France | 12.3 | 9.3 | 14.1 | 13.9 | 4.2% |
| India | 9.1 | 6.6 | 13.9 | 12.1 | 10.0% |
| Serbia | 5.7 | 6.2 | 10.9 | 11.3 | 25.6% |
| Lithuania | 5.5 | 5.4 | 8.9 | 10.6 | 24.4% |
| Others | 138 | 142 | 186 | 139 | 0.2% |
| Total | 496 | 498 | 776 | 702 | 12.3% |
Top Export Markets for Isocyanates from Hungary in 2022:
- Italy (33.3K tons)
- Turkey (32.9K tons)
- Poland (31.7K tons)
- Belgium (20.0K tons)
- Romania (14.3K tons)
- Germany (13.1K tons)
- Portugal (12.0K tons)
- Spain (9.4K tons)
- Egypt (5.4K tons)
- France (4.5K tons)
- India (4.3K tons)
- Serbia (3.6K tons)
- Lithuania (3.5K tons)
Isocyanates Imports in Hungary
In 2022, supplies from abroad of isocyanates decreased by -16% to 9.1K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 24%. As a result, imports attained the peak of 11K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, isocyanates imports dropped to $26M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.7% 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 +56.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 65% against the previous year. As a result, imports attained the peak of $28M, and then reduced in the following year.
| Import of Isocyanates in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.0 | 8.9 | 16.1 | 15.4 | 5.8% |
| Germany | 5.2 | 6.4 | 7.0 | 5.9 | 4.3% |
| Belgium | 1.0 | 0.2 | 2.4 | 3.6 | 53.3% |
| Others | 1.9 | 1.3 | 2.4 | 1.5 | -7.6% |
| Total | 21.1 | 16.8 | 27.8 | 26.4 | 7.8% |
Top Suppliers of Isocyanates to Hungary in 2022:
- China (5.7K tons)
- Germany (1.8K tons)
- Belgium (1.2K tons)
This report provides an in-depth analysis of the isocyanates 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 20144450 - Isocyanates
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
- 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
-
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
-
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
-
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
-
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
-
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
-
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
349
This report provides an in-depth analysis of the isocyanates market in Hungary.
279
This report provides an in-depth analysis of the market for compounds with other nitrogen function in Hungary.
1130
This report provides an in-depth analysis of the global isocyanates market.
470
This report provides an in-depth analysis of the global market for compounds with other nitrogen function.
349
This report provides an in-depth analysis of the isocyanates market in Hungary.
279
This report provides an in-depth analysis of the market for compounds with other nitrogen function in Hungary.
1130
This report provides an in-depth analysis of the global isocyanates market.
470
This report provides an in-depth analysis of the global market for compounds with other nitrogen function.
163
Explore the top import markets for isocyanates based on the import value data provided by the IndexBox market intelligence platform. Discover the key countries and their market statistics.
762
In value terms, nitrile-function compounds imports totaled $X in 2016. Overall, nitrile-function compounds imports continue to indicate a significant descent. Global nitrile-function compounds impo...
1471
In value terms, nitrogen-function compounds imports amounted to $X in 2016. In general, nitrogen-function compounds imports continue to indicate a perceptible descent. Over the period under review,...
914
In value terms, nitrile-function compounds exports totaled $X in 2016. In general, nitrile-function compounds exports continue to indicate a perceptible drop. Over the period under review, global n...
1012
In value terms, nitrogen-function compounds exports totaled $X in 2016. In general, nitrogen-function compounds exports continue to indicate a temperate slump. Global nitrogen-function compounds ex...
163
Explore the top import markets for isocyanates based on the import value data provided by the IndexBox market intelligence platform. Discover the key countries and their market statistics.
762
In value terms, nitrile-function compounds imports totaled $X in 2016. Overall, nitrile-function compounds imports continue to indicate a significant descent. Global nitrile-function compounds impo...
1471
In value terms, nitrogen-function compounds imports amounted to $X in 2016. In general, nitrogen-function compounds imports continue to indicate a perceptible descent. Over the period under review,...
914
In value terms, nitrile-function compounds exports totaled $X in 2016. In general, nitrile-function compounds exports continue to indicate a perceptible drop. Over the period under review, global n...
1012
In value terms, nitrogen-function compounds exports totaled $X in 2016. In general, nitrogen-function compounds exports continue to indicate a temperate slump. Global nitrogen-function compounds ex...
