Hungary: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Hungary

In 2022, the Hungarian ketone and quinone market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, posted a mild expansion. Over the period under review, the market reached the peak level at $X in 2021, and then shrank rapidly in the following year.

Ketone And Quinone Production in Hungary

In value terms, ketone and quinone production contracted notably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Ketone and quinone production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Ketone And Quinone Exports

Exports from Hungary

In 2022, approx. X tons of ketones and quinones were exported from Hungary; growing by X% against 2021 figures. Over the period under review, exports showed resilient growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, ketone and quinone exports dropped slightly to $X in 2022. In general, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia (X tons), Italy (X tons) and Germany (X tons) were the main destinations of ketone and quinone exports from Hungary, with a combined X% share of total exports. Denmark, Romania, Serbia, Vietnam and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Romania ($X) and Serbia ($X) were the largest markets for ketone and quinone exported from Hungary worldwide, with a combined X% share of total exports. Germany, Denmark, Slovakia, Vietnam and Poland lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the average ketone and quinone export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat 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 Serbia ($X per ton), while the average price for exports to Slovakia ($X 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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into Hungary

In 2022, supplies from abroad of ketones and quinones decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, ketone and quinone imports fell to $X in 2022. In general, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of ketone and quinone to Hungary, accounting for a X% share of total imports. Moreover, ketone and quinone imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was taken by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Belgium (X% per year).

In value terms, China ($X), Germany ($X) and Poland ($X) constituted the largest ketone and quinone suppliers to Hungary, with a combined X% share of total imports. India, Belgium, the Netherlands, Slovenia, the Czech Republic and Austria lagged somewhat behind, together comprising a further X%.

Among the main suppliers, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ketone and quinone import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price saw a moderate increase. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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