Hungary: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Hungary

In 2022, the Hungarian market for polyethylene with a specific gravity of less than X, in primary forms increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, showed a drastic downturn. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Hungary

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decline. The growth pace was the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth failed to regain momentum.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Hungary

After two years of growth, overseas shipments of polyethylene with a specific gravity of less than X, in primary forms decreased by X% to X tons in 2022. 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 in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms fell sharply to $X in 2022. Overall, total exports indicated perceptible growth 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. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

Poland (X tons), Germany (X tons) and Romania (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from Hungary, with a combined X% share of total exports. Italy, Serbia, France, Austria, Slovenia, the UK, the Netherlands, Greece, Lithuania and Bulgaria lagged somewhat behind, together comprising 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 France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Romania ($X) were the largest markets for polyethylene with a specific gravity of less than X exported from Hungary worldwide, with a combined X% share of total exports. Italy, Serbia, France, Austria, Slovenia, the UK, the Netherlands, Greece, Lithuania and Bulgaria lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, France, 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 export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Poland ($X per ton) and Slovenia ($X per ton), while the average price for exports to France ($X per ton) and Greece ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Hungary

Imports of polyethylene with a specific gravity of less than X, in primary forms into Hungary expanded slightly to X tons in 2022, increasing by X% on the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports of attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms totaled $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Austria (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Hungary, with a combined X% share of total imports. Serbia, Belgium, South Korea, the Czech Republic, France, Slovakia, Italy, Spain and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), the Netherlands ($X) and Austria ($X) constituted the largest polyethylene with a specific gravity of less than X suppliers to Hungary, with a combined X% share of total imports. Belgium, Serbia, France, South Korea, the Czech Republic, Slovakia, Italy, Spain and the UK lagged somewhat behind, together comprising a further X%.

South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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

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

Source: IndexBox Platform

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