Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Hungary - 2023

Contents:

1. Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Hungary (FOB) - 2022
2. Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Hungary (CIF) - 2022
3. Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Hungary
4. Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Hungary

Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Hungary (FOB) - 2022

In 2022, the average export price for alcohols; aromatic and derivatives, other than benzyl alcohol amounted to $136,041 per ton, waning by -67.2% against the previous year. In general, the export price, however, continues to indicate tangible growth. The pace of growth was the most pronounced in 2013 an increase of 228% against the previous year. The export price peaked at $414,377 per ton in 2021, and then fell significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($472,114 per ton), while the average price for exports to Ukraine stood at $7,186 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+4.1%).

Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Hungary (CIF) - 2022

In 2022, the average import price for alcohols; aromatic and derivatives, other than benzyl alcohol amounted to $20,422 per ton, increasing by 21% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for alcohols; aromatic and derivatives, other than benzyl alcohol increased by +64.4% against 2018 indices. The growth pace was the most rapid in 2016 an increase of 59%. The import price peaked at $20,907 per ton in 2017; however, from 2018 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 the United States ($122,058 per ton), while the price for Ukraine ($6,724 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Hungary

In 2022, exports of alcohols; aromatic and derivatives, other than benzyl alcohol from Hungary surged to 884 kg, increasing by 91% on the year before. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of alcohols; aromatic and derivatives, other than benzyl alcohol shrank markedly to $120K in 2022. In general, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 119% against the previous year. As a result, the exports attained the peak of $192K, and then fell markedly in the following year.

Top Export Markets for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol from Hungary in 2022:

1. Ukraine (639.0 kg)
2. Japan (245.0 kg)

Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Hungary

For the fourth consecutive year, Hungary recorded growth in supplies from abroad of alcohols; aromatic and derivatives, other than benzyl alcohol, which increased by 17% to 2.7 tons in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 39%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of alcohols; aromatic and derivatives, other than benzyl alcohol soared to $56K in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 45% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol to Hungary in 2022:

1. China (1063.0 kg)
2. Spain (876.0 kg)
3. Ukraine (319.0 kg)
4. Germany (214.0 kg)
5. Netherlands (105.0 kg)
6. United Kingdom (82.0 kg)
7. United States (52.0 kg)

Source: IndexBox Market Intelligence Platform