Hungary: Market for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) 2022

Market Size for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Hungary

In 2021, the Hungarian market for butanols (excluding butan-X (n-butyl alcohol)) decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption recorded a pronounced contraction. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Exports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Exports from Hungary

In 2021, after two years of growth, there was significant decline in shipments abroad of butanols (excluding butan-X (n-butyl alcohol)), when their volume decreased by -X% to X tons. Overall, exports, however, recorded a tangible expansion. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, butanols (excluding butan-X (n-butyl alcohol)) exports soared to $X in 2021. In general, exports, however, enjoyed a strong increase. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Romania (X tons) was the main destination for butanols (excluding butan-X (n-butyl alcohol)) exports from Hungary, with a X% share of total exports. Moreover, butanols (excluding butan-X (n-butyl alcohol)) exports to Romania exceeded the volume sent to the second major destination, Croatia (X kg), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania amounted to +X%.

In value terms, Romania ($X) remains the key foreign market for butanols (excluding butan-X (n-butyl alcohol)) exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Croatia ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Romania amounted to +X%.

Export Prices by Country

The average export price for butanols (excluding butan-X (n-butyl alcohol)) stood at $X per ton in 2021, with an increase of X% against the previous year. Over the period under review, the export price enjoyed a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Romania ($X per ton), while the average price for exports to Croatia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+X%).

Imports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Imports into Hungary

In 2021, the amount of butanols (excluding butan-X (n-butyl alcohol)) imported into Hungary shrank rapidly to X tons, reducing by -X% against the previous year's figure. Over the period under review, imports saw a abrupt downturn. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth imports remained at a lower figure.

In value terms, butanols (excluding butan-X (n-butyl alcohol)) imports expanded markedly to $X in 2021. In general, imports saw a mild contraction. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest butanols (excluding butan-X (n-butyl alcohol)) supplier to Hungary, with a X% share of total imports. Moreover, butanols (excluding butan-X (n-butyl alcohol)) imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), sevenfold. The Czech Republic (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-X% per year) and the Czech Republic (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of butanols (excluding butan-X (n-butyl alcohol)) to Hungary, comprising X% of total imports. The second position in the ranking was occupied by Austria ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and the Czech Republic (+X% per year).

Import Prices by Country

In 2021, the average import price for butanols (excluding butan-X (n-butyl alcohol)) amounted to $X per ton, increasing by X% against the previous year. In general, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 more modest paces of growth.

Source: IndexBox Platform