Report Hungary - Linseed Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Hungary - Linseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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Hungary: Linseed Oil Market 2022

Linseed Oil Market Size in Hungary

In 2021, the Hungarian linseed oil market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value 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. Based on 2021 figures, consumption decreased by -X% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Linseed Oil Production in Hungary

In value terms, linseed oil production stood at $X in 2021 estimated in export price. Overall, production showed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Linseed Oil Exports

Exports from Hungary

After five years of growth, shipments abroad of linseed oil decreased by -X% to X tons in 2021. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2020, and then declined modestly in the following year.

In value terms, linseed oil exports soared to $X in 2021. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The Czech Republic (X tons), Croatia (X tons) and Slovakia (X tons) were the main destinations of linseed oil exports from Hungary, with a combined X% share of total exports. Slovenia, Bosnia and Herzegovina, Romania and Serbia lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Serbia (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for linseed oil exported from Hungary were the Czech Republic ($X), Croatia ($X) and Slovakia ($X), together accounting for X% of total exports. Slovenia, Bosnia and Herzegovina, Romania and Serbia lagged somewhat behind, together comprising a further X the main countries of destination, Serbia, with a CAGR of +X%, saw 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 2021, the average linseed oil export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price recorded a perceptible expansion. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to Slovakia ($X per ton) and Croatia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) and Serbia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Oil Imports

Imports into Hungary

In 2021, approx. X tons of linseed oil were imported into Hungary; picking up by X% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, linseed oil imports surged to $X in 2021. Overall, total imports indicated a slight increase from 2012 to 2021: its value 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, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of linseed oil imports to Hungary, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Belgium ($X) and Italy ($X) appeared to be the largest linseed oil suppliers to Hungary, with a combined X% share of total imports.

Among the main suppliers, Belgium, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average linseed oil import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, linseed oil import price increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for linseed oil in the world?
+
China remains the largest linseed oil consuming country worldwide, accounting for 31% of total volume. Moreover, linseed oil consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. The third position in this ranking was held by Germany, with a 7.8% share.
What are the largest producers of linseed oil in the world?
+
The countries with the highest volumes of in 2021 were China, Belgium and the United States, together comprising 56% of global production. These countries were followed by Germany, India, Ethiopia, Russia, Kazakhstan, Afghanistan, Poland and the Dominican Republic, which together accounted for a further 32%.
What are the leading suppliers of linseed oil to Hungary?
+
In value terms, the largest linseed oil suppliers to Hungary were Germany, Belgium and Italy, with a combined 94% share of total imports.
What are the leading importers of linseed oil from Hungary?
+
In value terms, the Czech Republic, Croatia and Slovakia appeared to be the largest markets for linseed oil exported from Hungary worldwide, with a combined 61% share of total exports. Slovenia, Bosnia and Herzegovina, Romania and Serbia lagged somewhat behind, together accounting for a further 22%.
What is the average export price for linseed oil in Hungary?
+
In 2021, the average linseed oil export price amounted to $4,213 per ton, rising by 22% against the previous year.
What is the average import price for linseed oil in Hungary?
+
The average linseed oil import price stood at $2,724 per ton in 2021, increasing by 37% against the previous year.

This report provides an in-depth analysis of the linseed oil market 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:
• FCL 334 - Oil of Linseed
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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