Hungary: O-Xylene Market 2024

O-Xylene Market Size in Hungary

The Hungarian o-xylene market soared to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption recorded a deep setback. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

O-Xylene Production in Hungary

In value terms, o-xylene production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. As a result, production reached the peak level and is likely to continue growth in the immediate term.

O-Xylene Exports

Exports from Hungary

In 2022, the amount of o-xylene exported from Hungary contracted modestly to X tons, which is down by X% on the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, o-xylene exports skyrocketed to $X in 2022. In general, exports, however, saw a moderate increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Austria (X tons), Italy (X tons) and Bulgaria (X tons) were the main destinations of o-xylene exports from Hungary, with a combined X% share of total exports. The Czech Republic and Ukraine lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for o-xylene exported from Hungary were Austria ($X), Italy ($X) and Bulgaria ($X), together accounting for X% of total exports. The Czech Republic and Ukraine lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Ukraine, 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 o-xylene export price amounted to $X per ton, surging by X% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and Bulgaria ($X per ton), while the average price for exports to Ukraine ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (X%), while the prices for the other major destinations experienced more modest paces of growth.

O-Xylene Imports

Imports into Hungary

In 2022, approx. X kg of o-xylene were imported into Hungary; with a decrease of X% against 2021. Over the period under review, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, o-xylene imports rose significantly to $X in 2022. Overall, imports recorded a slight decline. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X kg) constituted the largest o-xylene supplier to Hungary, accounting for a X% share of total imports. Moreover, o-xylene imports from Germany exceeded the figures recorded by the second-largest supplier, France (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Italy (X% per year).

In value terms, Germany ($X) constituted the largest supplier of o-xylene to Hungary, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and France (X% per year).

Import Prices by Country

The average o-xylene import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price saw a resilient expansion. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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