Price for Monophenols; Naphthols and Their Salts in Hungary - 2023

Price for Monophenols; Naphthols and Their Salts in Hungary (FOB) - 2022

In 2022, the average export price for monophenols; naphthols and their saltses amounted to $5,581 per ton, falling by -48.7% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 13% against the previous year. Over the period under review, the average export prices attained the peak figure at $10,882 per ton in 2021, and then dropped markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2013 to 2022, the rate of growth in terms of prices for Germany amounted to +0.3% per year.

Price for Monophenols; Naphthols and Their Salts in Hungary (CIF) - 2022

In 2022, the average import price for monophenols; naphthols and their saltses amounted to $15,587 per ton, with an increase of 7.9% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monophenols; naphthols and their salts import price increased by +69.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 57%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($126,074 per ton), while the price for India stood at $15,389 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+34.0%).

Exports of Monophenols; Naphthols and Their Salts in Hungary

For the fourth year in a row, Hungary recorded growth in shipments abroad of monophenols; naphthols and their saltses, which increased by 43% to 694 tons in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 11,837%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, monophenols; naphthols and their salts exports declined significantly to $3.9M in 2022. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 12,185%. As a result, the exports attained the peak of $5.3M, and then fell notably in the following year.

Export of Monophenols; Naphthols and Their Salts in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	N/A	N/A	5.3	3.9	-26.4%
India	N/A	N/A	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	N/A	N/A	5.3	3.9	-26.4%

Top Export Markets for Monophenols; Naphthols and Their Salts from Hungary in 2022:

Germany (691.3 tons)

Imports of Monophenols; Naphthols and Their Salts in Hungary

In 2022, the amount of monophenols; naphthols and their saltses imported into Hungary expanded slightly to 12 tons, surging by 3.8% against 2021 figures. In general, imports, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. As a result, imports reached the peak of 34 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, monophenols; naphthols and their salts imports expanded markedly to $193K in 2022. Overall, imports, however, recorded a abrupt descent.