Hungary: Alcohols Market 2024

Alcohols Market Size in Hungary

In 2020, the Hungarian alcohols market decreased by X% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2020, the growth of the market remained at a lower figure.

Alcohols Production in Hungary

In value terms, alcohols production declined remarkably to $X in 2020 estimated in export price. Overall, production, however, saw a abrupt decrease. The growth pace was the most rapid in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2020, production growth failed to regain momentum.

Alcohols Exports

Exports from Hungary

In 2020, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were exported from Hungary; with a decrease of X% against 2019. Overall, exports saw a dramatic setback. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

In value terms, alcohols exports declined notably to $X in 2020. Over the period under review, exports showed a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for alcohols exports from Hungary, with a X% share of total exports. Moreover, alcohols exports to Romania exceeded the volume sent to the second major destination, Austria (X tons), threefold. The third position in this ranking was held by Slovakia (X tons), with a X% share.

From 2012 to 2020, the average annual growth rate of volume to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Slovakia (X% per year).

In value terms, Romania ($X), Italy ($X) and Austria ($X) appeared to be the largest markets for alcohols exported from Hungary worldwide, with a combined X% share of total exports. Slovakia, Serbia, Ukraine, Croatia, Germany and France lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Ukraine, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average alcohols export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2019, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2020, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Alcohols Imports

Imports into Hungary

In 2020, after three years of growth, there was significant decline in purchases abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked at X tons in 2019, and then dropped in the following year.

In value terms, alcohols imports fell to $X in 2020. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2020, imports failed to regain momentum.

Imports by Country

Russia (X tons), Slovakia (X tons) and Germany (X tons) were the main suppliers of alcohols imports to Hungary, with a combined X% share of total imports. Serbia, Austria, the Netherlands, Poland and the Czech Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives to Hungary, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by Slovakia, with a X% share.

From 2012 to 2020, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Slovakia (X% per year).

Import Prices by Country

The average alcohols import price stood at $X per ton in 2020, growing by X% against the previous year. Over the period under review, the import price, however, saw a perceptible reduction. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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