
Hungary - Octanol (Octyl Alcohol) and Isomers Thereof - Market Analysis, Forecast, Size, Trends and Insights
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Hungary: Octyl Alcohol Market 2022
Octyl Alcohol Market Size in Hungary
After two years of decline, the Hungarian octyl alcohol market increased by X% to $X in 2021. Overall, consumption continues to indicate a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
Octyl Alcohol Exports
Exports from Hungary
In 2021, the amount of octanol (octyl alcohol) and isomers thereof exported from Hungary declined rapidly to X kg, which is down by -X% against 2020. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X kg in 2020, and then plummeted in the following year.
In value terms, octyl alcohol exports declined markedly to $X in 2021. In general, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2020, and then reduced notably in the following year.
Exports by Country
Romania (X kg) was the main destination for octyl alcohol exports from Hungary, with a approx. X% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of volume to Romania totaled -X%.
From 2012 to 2021, the average annual growth rate of value to Romania amounted to +X%.
Export Prices by Country
The average octyl alcohol export price 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 resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Romania.
From 2012 to 2021, the rate of growth in terms of prices for Romania amounted to +X% per year.
Octyl Alcohol Imports
Imports into Hungary
In 2021, overseas purchases of octanol (octyl alcohol) and isomers thereof increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, octyl alcohol imports skyrocketed to $X in 2021. Overall, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
Austria (X tons), Romania (X tons) and Belgium (X tons) were the main suppliers of octyl alcohol imports to Hungary, together comprising X% of total imports.
From 2012 to 2021, the biggest increases were in Austria (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Austria ($X) constituted the largest supplier of octyl alcohol to Hungary, comprising X% of total imports. The second position in the ranking was occupied by Romania ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.
From 2012 to 2021, the average annual growth rate of value from Austria stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+X% per year) and Sweden (+X% per year).
Import Prices by Country
The average octyl alcohol import price stood at $X per ton in 2021, jumping by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2013; afterwards, it flattened through to 2021.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the octyl alcohol 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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