Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Hungary - 2023

Contents:

1. Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Hungary (CIF) - 2023
2. Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Hungary (FOB) - 2022
3. Imports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Hungary
4. Exports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Hungary

Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Hungary (CIF) - 2023

The average import price for cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses stood at $8,428 per ton in December 2023, dropping by -2.8% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 15% m-o-m. Over the period under review, average import prices reached the peak figure at $9,297 per ton in June 2023; however, from July 2023 to December 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was China ($11,009 per ton), while the price for South Korea totaled $5,019 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Hungary (FOB) - 2022

The average export price for cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses stood at $6,829 per ton in 2022, falling by -15% against the previous year. In general, the export price continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2015 an increase of 75% against the previous year. Over the period under review, the average export prices reached the maximum at $17,171 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($18,193 per ton), while the average price for exports to Croatia ($4,356 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 Romania (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Hungary

Imports of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses into Hungary contracted slightly to 3.3K tons in 2022, which is down by -1.8% compared with the previous year. The total import volume increased at an average annual rate of +3.3% 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 2021 when imports increased by 15% against the previous year. As a result, imports reached the peak of 3.4K tons, and then reduced slightly in the following year.

In value terms, imports of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses expanded remarkably to $24M in 2022. The total import value increased at an average annual rate of +8.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 12%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms to Hungary in 2022:

1. Germany (1866.9 tons)
2. Belgium (389.6 tons)
3. Poland (296.5 tons)
4. Austria (231.2 tons)
5. South Korea (182.1 tons)
6. China (106.8 tons)
7. France (96.1 tons)
8. Sweden (86.5 tons)

Exports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Hungary

For the fourth year in a row, Hungary recorded growth in shipments abroad of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses, which increased by 11% to 78 tons in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 122% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses shrank to $533K in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 126%. As a result, the exports attained the peak of $564K, and then shrank in the following year.

Top Export Markets for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms from Hungary in 2022:

1. Russia (26.7 tons)
2. Sweden (16.1 tons)
3. Austria (15.2 tons)
4. United Arab Emirates (10.1 tons)
5. Poland (4.7 tons)
6. Croatia (3.1 tons)

Source: IndexBox Market Intelligence Platform