Hungary - Oil And Water Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Oil and Water Paints and Varnishes in Hungary - 2023
Contents:
- Price for Oil and Water Paints and Varnishes in Hungary (CIF) - 2023
- Price for Oil and Water Paints and Varnishes in Hungary (FOB) - 2022
- Imports of Oil and Water Paints and Varnishes in Hungary
- Exports of Oil and Water Paints and Varnishes in Hungary
Price for Oil and Water Paints and Varnishes in Hungary (CIF) - 2023
In September 2023, the average import price for oil and water paints and varnishes amounted to $6,013 per ton, surging by 22% against the previous month. Over the period under review, the import price enjoyed a prominent increase. The growth pace was the most rapid in May 2023 an increase of 112% against the previous month. As a result, import price reached the peak level of $9,471 per ton. From June 2023 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Poland ($36,298 per ton), while the price for Serbia ($1,800 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Austria (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Oil and Water Paints and Varnishes in Hungary (FOB) - 2022
In 2022, the average export price for oil and water paints and varnishes amounted to $3,093 per ton, declining by -11.6% against the previous year. Overall, the export price, however, enjoyed a slight increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 52%. The export price peaked at $6,160 per ton in 2020; however, from 2021 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 Germany ($10,714 per ton), while the average price for exports to the Czech Republic ($2,511 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 the Netherlands (+25.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Oil and Water Paints and Varnishes in Hungary
In 2022, imports of oil and water paints and varnishes into Hungary surged to 2.4K tons, increasing by 32% against 2021. In general, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 122% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of oil and water paints and varnishes contracted slightly to $7.9M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.3% 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 +83.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 87%. As a result, imports attained the peak of $8.1M, and then shrank slightly in the following year.
| Import of Oil and Water Paints and Varnishes in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3,231 | 2,091 | 3,017 | 2,328 | -10.4% |
| Luxembourg | N/A | N/A | 2,149 | 2,000 | -6.9% |
| Italy | 498 | 222 | 477 | 1,593 | 47.3% |
| United States | 689 | 568 | 705 | 619 | -3.5% |
| Austria | 758 | 343 | 292 | 346 | -23.0% |
| Spain | 275 | 299 | 461 | 322 | 5.4% |
| Serbia | 109 | 75.1 | 121 | 155 | 12.5% |
| Others | 854 | 725 | 852 | 563 | -13.0% |
| Total | 6,415 | 4,322 | 8,073 | 7,925 | 7.3% |
Top Suppliers of Oil and Water Paints and Varnishes to Hungary in 2022:
- Luxembourg (952.1 tons)
- Germany (577.0 tons)
- Italy (457.0 tons)
- United States (97.4 tons)
- Serbia (82.8 tons)
- Spain (81.8 tons)
- Austria (45.8 tons)
Exports of Oil and Water Paints and Varnishes in Hungary
Exports of oil and water paints and varnishes from Hungary surged to 565 tons in 2022, with an increase of 17% against 2021. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 127%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of oil and water paints and varnishes expanded modestly to $1.7M in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 116% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Oil and Water Paints and Varnishes in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | 10.0 | 6.8 | 603 | 592 | 289.7% |
| Austria | 330 | 109 | 447 | 399 | 6.5% |
| Slovakia | 13.4 | 995 | 206 | 335 | 192.4% |
| Czech Republic | 0.3 | N/A | 135 | 168 | 724.3% |
| Slovenia | 9.8 | 6.0 | 86.1 | 93.7 | 112.2% |
| Romania | 14.2 | 50.2 | 153 | 92.4 | 86.7% |
| Germany | 110 | 2.3 | 0.8 | 1.2 | -77.8% |
| Others | 119 | 143 | 62.8 | 65.9 | -17.9% |
| Total | 607 | 1,312 | 1,694 | 1,748 | 42.3% |
Top Export Markets for Oil and Water Paints and Varnishes from Hungary in 2022:
- Croatia (195.5 tons)
- Austria (131.7 tons)
- Slovakia (105.1 tons)
- Czech Republic (67.1 tons)
- Romania (35.4 tons)
- Slovenia (24.8 tons)
- Germany (0.1 tons)
This report provides an in-depth analysis of the market for oil and water paints and varnishes 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 20302213 - Oil paints and varnishes (including enamels and lacquers)
- Prodcom 20302215 - Prepared water pigments for finishing leather, paints and varnishes (including enamels, lacquers and distempers) (excluding of oil)
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
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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
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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
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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
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