Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Hungary - 2023

Contents:

1. Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Hungary (FOB) - 2022
2. Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Hungary (CIF) - 2022
3. Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Hungary
4. Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Hungary

Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Hungary (FOB) - 2022

The average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $42,901 per ton in 2022, remaining constant against the previous year. In general, the export price, however, showed a slight decrease. The pace of growth was the most pronounced in 2017 an increase of 22%. Over the period under review, the average export prices reached the peak figure at $54,074 per ton in 2020; however, from 2021 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 Switzerland ($81,043 per ton), while the average price for exports to Germany ($608 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 Switzerland (+2.4%), while the prices for the other major destinations experienced a decline.

Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Hungary (CIF) - 2022

The average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $3,240 per ton in 2022, reducing by -4.6% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses decreased by -1.3% against 2018 indices. The growth pace was the most rapid in 2018 when the average import price increased by 48%. The import price peaked at $3,398 per ton in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($5,117 per ton), while the price for France ($1,956 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Hungary

In 2022, approx. 28 tons of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses were exported from Hungary; growing by 1.6% compared with 2021. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +17.5% 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 +66.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 64% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses rose slightly to $1.2M in 2022. The total export value increased at an average annual rate of +10.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in years to come.

Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from Hungary in 2022:

1. United States (19.1 tons)
2. Germany (5.1 tons)
3. Switzerland (3.4 tons)

Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Hungary

Imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses into Hungary shrank markedly to 151 tons in 2022, which is down by -28.2% compared with the year before. Overall, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. As a result, imports reached the peak of 210 tons, and then dropped rapidly in the following year.

In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses contracted markedly to $489K in 2022. Over the period under review, total imports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +2.0% 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 +16.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 70% against the previous year. As a result, imports reached the peak of $714K, and then contracted dramatically in the following year.

Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Hungary in 2022:

1. Germany (134.8 tons)
2. Poland (4.2 tons)
3. Austria (3.7 tons)
4. France (3.3 tons)
5. Belgium (2.4 tons)
6. Netherlands (2.3 tons)

Source: IndexBox Market Intelligence Platform