Hungary: Vegetable Waxes Market 2024

Vegetable Waxes Market Size in Hungary

In 2022, the Hungarian vegetable waxes market increased by X% to $X, rising for the second consecutive year after eight years of decline. Overall, consumption continues to indicate a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Vegetable Waxes Production in Hungary

In value terms, vegetable waxes production contracted modestly to $X in 2022 estimated in export price. In general, production saw a abrupt decline. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Vegetable Waxes Exports

Exports from Hungary

In 2022, the amount of vegetable waxes exported from Hungary fell notably to X kg, waning by X% against the previous year's figure. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X kg, and then dropped remarkably in the following year.

In value terms, vegetable waxes exports reduced dramatically to $X in 2022. In general, exports continue to indicate a precipitous shrinkage. 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

Lithuania (X kg) was the main destination for vegetable waxes exports from Hungary, accounting for a X% share of total exports. It was followed by the Netherlands (X kg), with a X% share of total exports.

From 2015 to 2022, the average annual growth rate of volume to Lithuania was relatively modest.

In value terms, Lithuania ($X) emerged as the key foreign market for vegetable waxes exports from Hungary, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports.

From 2015 to 2022, the average annual growth rate of value to Lithuania was relatively modest.

Export Prices by Country

In 2022, the average vegetable waxes export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price saw a significant contraction. The pace of growth appeared the most rapid in 2020 a decrease of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Lithuania stood at $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (X%), while the prices for the other major destinations experienced a decline.

Vegetable Waxes Imports

Imports into Hungary

In 2022, approx. X tons of vegetable waxes were imported into Hungary; growing by X% compared with the year before. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, vegetable waxes imports skyrocketed to $X in 2022. Overall, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of vegetable waxes to Hungary, accounting for a X% share of total imports. Moreover, vegetable waxes imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Romania (X tons), sixfold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of vegetable waxes to Hungary, comprising X% of total imports. The second position in the ranking was taken by Romania ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

In 2022, the average vegetable waxes import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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