Hungary: Prepared Rubber Accelerators Market 2022

Prepared Rubber Accelerators Market Size in Hungary

The Hungarian prepared rubber accelerators market surged to $X in 2021, picking up by 57% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw strong growth. Prepared rubber accelerators consumption peaked in 2021 and is likely to continue growth in the near future.

Prepared Rubber Accelerators Exports

Exports from Hungary

In 2021, approx. X tons of prepared rubber accelerators were exported from Hungary; dropping by -77.7% against the previous year's figure. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 4,311% against the previous year. The exports peaked at X tons in 2020, and then fell rapidly in the following year.

In value terms, prepared rubber accelerators exports dropped sharply to $X in 2021. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 6,230% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovenia (X tons), Croatia (X tons) and Romania (X tons) were the main destinations of prepared rubber accelerators exports from Hungary, with a combined 93% share of total exports. Serbia and Germany lagged somewhat behind, together accounting for a further 7.4%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +221.3%), while the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X) emerged as the key foreign market for prepared rubber accelerators exports from Hungary, comprising 62% of total exports. The second position in the ranking was taken by Romania ($X), with an 18% share of total exports. It was followed by Croatia, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Slovenia amounted to +39.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+29.0% per year) and Croatia (+69.9% per year).

Export Prices by Country

The average prepared rubber accelerators export price stood at $X per ton in 2021, growing by 81% against the previous year. In general, the export price, however, continues to indicate a slight contraction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+28.0%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Rubber Accelerators Imports

Imports into Hungary

In 2021, prepared rubber accelerators imports into Hungary skyrocketed to X tons, rising by 30% on the previous year's figure. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 107% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, prepared rubber accelerators imports soared to $X in 2021. In general, imports enjoyed a strong increase. The growth pace was the most rapid in 2019 when imports increased by 74%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and Slovakia (X tons) were the main suppliers of prepared rubber accelerators imports to Hungary, with a combined 81% share of total imports. These countries were followed by the Czech Republic, Italy, India and the UK, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +4,673.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared rubber accelerators suppliers to Hungary were China ($X), Germany ($X) and Slovakia ($X), with a combined 80% share of total imports. These countries were followed by the Czech Republic, India, Italy and the UK, which together accounted for a further 18%.

The UK, with a CAGR of +4,101.2%, 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 prepared rubber accelerators import price stood at $X per ton in 2021, with an increase of 17% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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