Report Update: Apr 1, 2024

Hungary - Polystyrene, In Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Polystyrene Price in Hungary - 2023

Polystyrene Price in Hungary (FOB) - 2022

The average polystyrene export price stood at $2,063 per ton in 2022, growing by 8.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 68% against the previous year. Over the period under review, the average export prices reached the maximum at $2,146 per ton in 2013; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($2,529 per ton), while the average price for exports to Malaysia ($205 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 Spain (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Polystyrene Price in Hungary (CIF) - 2023

The average polystyrene import price stood at $1,704 per ton in July 2023, shrinking by -6.1% against the previous month. Over the period under review, the import price showed a perceptible decrease. The pace of growth was the most pronounced in January 2023 an increase of 13% m-o-m. The import price peaked at $2,543 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Austria ($8,557 per ton), while the price for Iran ($1,257 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Austria (+8.4%), while the prices for the other major suppliers experienced a decline.

Polystyrene Exports in Hungary

In 2022, overseas shipments of polystyrene decreased by -13% to 88K tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. As a result, the exports reached the peak of 106K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, polystyrene exports reduced to $181M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.8% 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 +51.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 60% against the previous year. As a result, the exports attained the peak of $192M, and then declined in the following year.

Export of Polystyrene in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	24.4	26.8	46.0	40.8	18.7%
Italy	16.7	14.3	32.2	38.5	32.1%
Germany	14.7	12.0	16.8	15.6	2.0%
Serbia	5.4	6.1	11.9	14.1	37.7%
Romania	9.4	11.9	17.6	12.8	10.8%
France	6.4	7.0	5.4	11.0	19.8%
Spain	1.6	1.7	5.4	6.1	56.2%
Slovakia	7.0	7.6	11.5	6.0	-5.0%
Ukraine	3.0	4.3	3.7	5.0	18.6%
Turkey	1.6	2.1	1.5	5.0	46.2%
Austria	2.0	2.2	5.0	5.0	35.7%
Lithuania	N/A	N/A	N/A	2.2	0%
Malaysia	N/A	N/A	1.1	0.6	-45.5%
Others	27.7	23.8	33.4	18.9	-12.0%
Total	120	120	192	181	14.7%

Top Export Markets for Polystyrene from Hungary in 2022:

Italy (18.0K tons)
Poland (18.0K tons)
Germany (7.0K tons)
Romania (6.4K tons)
Serbia (6.3K tons)
France (5.0K tons)
Malaysia (3.1K tons)
Turkey (2.5K tons)
Spain (2.5K tons)
Ukraine (2.4K tons)
Lithuania (2.4K tons)
Slovakia (2.4K tons)
Austria (2.2K tons)

Polystyrene Imports in Hungary

In 2022, approx. 60K tons of polystyrene were imported into Hungary; declining by -1.9% against the previous year. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year. As a result, imports attained the peak of 61K tons, and then dropped in the following year.

In value terms, polystyrene imports expanded significantly to $141M in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 89%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Polystyrene in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	33.7	28.9	43.9	50.0	14.1%
Turkey	0.1	0.2	6.1	13.7	415.5%
Iran	3.4	1.1	7.2	9.7	41.8%
Belgium	2.1	2.3	10.0	9.6	66.0%
Austria	9.2	6.4	9.9	9.1	-0.4%
Czech Republic	6.2	7.3	10.8	8.2	9.8%
Italy	6.9	4.9	9.6	8.0	5.1%
Poland	3.3	4.4	8.5	7.8	33.2%
Greece	1.1	0.8	3.4	7.1	86.2%
Netherlands	3.1	1.9	4.4	4.9	16.5%
Slovakia	3.6	1.8	3.9	3.6	0.0%
Others	4.6	5.3	5.5	8.8	24.1%
Total	77.2	65.1	123	141	22.2%

Top Suppliers of Polystyrene to Hungary in 2022:

Germany (21.7K tons)
Turkey (6.2K tons)
Iran (4.5K tons)
Belgium (4.2K tons)
Czech Republic (3.5K tons)
Poland (3.3K tons)
Austria (3.2K tons)
Italy (3.1K tons)
Greece (3.0K tons)
Netherlands (2.2K tons)
Slovakia (1.6K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the polystyrene 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 20162035 - Expansible polystyrene, in primary forms
Prodcom 20162039 - Polystyrene, in primary forms (excluding expansible polystyrene)

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