Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Hungary - 2023

Contents:

1. Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Hungary (CIF) - 2022
2. Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Hungary (FOB) - 2022
3. Imports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Hungary
4. Exports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Hungary

Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Hungary (CIF) - 2022

The average import price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses stood at $4,628 per ton in 2022, dropping by -7.1% against the previous year. Overall, the import price recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 an increase of 7.9% against the previous year. The import price peaked at $9,494 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 India ($6,465 per ton), while the price for Poland ($2,194 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Hungary (FOB) - 2022

The average export price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses stood at $17,717 per ton in 2022, reducing by -20.1% against the previous year. In general, the export price showed a deep setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 163%. Over the period under review, the average export prices reached the peak figure at $286,749 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($26,833 per ton), while the average price for exports to the Czech Republic ($7,167 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Hungary

For the fourth consecutive year, Hungary recorded growth in supplies from abroad of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses, which increased by 62% to 1.8K tons in 2022. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses surged to $8.5M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +19.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives to Hungary in 2022:

1. Germany (1141.6 tons)
2. Poland (192.7 tons)
3. China (134.9 tons)
4. Netherlands (129.2 tons)
5. India (72.8 tons)
6. Czech Republic (57.0 tons)
7. Belgium (42.3 tons)

Exports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Hungary

In 2022, after three years of growth, there was significant decline in shipments abroad of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses, when their volume decreased by -20% to 8.6 tons. In general, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 67% against the previous year. As a result, the exports attained the peak of 11 tons, and then declined significantly in the following year.

In value terms, exports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses contracted markedly to $152K in 2022. Overall, exports faced a significant decline. The pace of growth was the most pronounced in 2021 with an increase of 104% against the previous year.

Top Export Markets for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives from Hungary in 2022:

1. Japan (6.9 tons)
2. Ukraine (0.6 tons)
3. Poland (0.6 tons)
4. Serbia (0.2 tons)

Source: IndexBox Market Intelligence Platform